US games retail giant GameStop has tabled a bid for around half of Woolworths’ 815 stores, MCV understands.
If accepted, that would immediately make the firm the UK’s biggest specialist chain – eclipsing GAME’s 397 stores. However, the Basingstoke-based retailer also owns 51 concessions – and, of course, 253 Gamestation outlets.
It could be the biggest step forward yet for GameStop’s UK expansion plans. The firm currently owns stores in Stockport and Birmingham, as well as over 40 outlets in Eire.
A well-placed source said: GAME frustrated GameStop when it bought GameStation. Bosses at GameStop had pretty much given up on launching a UK assault – but now, thanks to Woolies, that door is open again. They’re up against other bidders, but they’ll fight tooth and nail.”
Woolworths went into administration last week, with distribution arm EUK. Deloitte is selling off the retailer’s assets.
Dragon’s Den star Theo Paphitis is keen on buying the most successful Woolworths stores. Tesco, Asda and Sainsbury’s are also all reportedly interested in purchasing outlets.
GameStop did not comment when contacted by MCV.