Monday 26 March 2012

Goodbye Game.

It’s bad news for another chain of stores. Game have been forced to close nearly half of its stores.
Sales have been decreasing for months, and after a bad Christmas the company have gone into administration, resulting in 2119 of its employees will have been made redundant by the end of the week. 2104 of these are shop staff and 15 are head office workers. 
It’s expected that Game will be sold successfully, but the Royal Bank of Scotland are planning to insist that they get the money back that they’ve had to lend to the company in recent months.
With more and more people turning to websites such as Amazon to buy their games and other entertainment features, Game’s lack of income and their upcoming £21m rent bill is making their £180m debt even worse.
Though it’s devastating to thousands of people’s lives, it’s not really a surprise that another major chain has gone into administration and is being forced to close stores. It’s worrying about which of our favourite shops might be closing next.
For the full story, click here.

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