MCV/DEVELOP News, events, research and jobs from the games industry
Continued profit declines have led US technology retailer Best Buy to close 50 of its big box stores. The chain reported losses of $1.7bn for the three months ended December 31st, 2011 – a staggering decline from the $651m in profits it reports in the same period last year, according …
Read More »LISTED: GAME/Gamestation closures and remaining stores in detail
The first GAME and Gamestation stores to be shut after the chain’s entry into administration have closed their doors. It is estimated that around 300 of the UK’s 609 GAME and Gamestation outlets will cease trading immediately, with the possibility of more to follow if a buyer is not found …
Read More »277 GAME and Gamestation stores close, 40% of workforce axed
Administrator PwC has today closed the doors on 277 of The GAME Group’s 609 UK and Ireland stores, MCV understands. The result is that by the end of the day around 2,104 GAME employees will have lost their jobs – 40 per cent of its UK workforce. 15 of these …
Read More »GAME CEO Ian Shepherd steps down, confirms store closures
Ian Shepherd, the CEO of retailer GAME, has resigned from his role. I’ve said a number of times that the administrator, once appointed, takes charge of the business,” an internal GAME memo reads. Having two people try to do that is both confusing and a waste of money. With that …
Read More »GAME enters administration
After two months of worry and rumour, GAME has as of today officially entered administration. PwC remains hopeful that a going concern sale of the business is achievable”, but that will not stop the closure of many stores and the potential loss of thousands of jobs. PwC has not yet …
Read More »GAME to enter administration, fails to find buyer
As expected, retailer GAME will this morning enter administration. Furthermore, Sky News presenter Joel Hills has claimed via Twitter that no buyer has been found for the chain. The news sadly points to a store closure programme, with staff likely to be told today of which branches are to close …
Read More »RBS GAME bid gathers press momentum as store closures loom
Two more national newspapers have reported that The Royal Bank of Scotland is leading a consortium of bidders interested in acquiring The GAME Group. Yesterday MCV reported that a Sunday Times story claiming that the state-owned bank was interested in saving GAME from collapse. This morning The Telegraph reports that …
Read More »New Argos CEO plots radical reinvention
The new boss of Argos says he has been given a clean sheet from Home Retail Chairman Oliver Stocken to embark upon a brand new strategy for the catalogue retailer. And speaking to Bloomberg, John Walden said that he’s open to the idea of potentially using Argos stores in a …
Read More »SEGA confirms interest in acquiring THQ talent
With THQ Studio Australia in Brisbane is closing its doors, SEGA Studios Australia is now looking at avenues for providing opportunities for former THQ staff. Currently, a position is available for a studio Art Director and a Senior Engine Programmer at the Brisbane-based studio, but SEGA Studios Australia has confirmed …
Read More »THQ closes two Australian studios, loses 200 staff
THQ has shut the doors to two of its Australian studios this week, as well as a development team in Phoenix totalling 200 employees gone. The two Australian studios to close their doors are THQ Studio Australia in Brisbane, which closes today, and BlueTongue Entertainment in Melbourne, which will go …
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