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Businesses

Submission + - UK's largest specialist video games retailer enters administration->

RogueyWon writes: "The GAME Group, owners of high street chains GAME and Gamestation, which between them account for a large majority of the UK's specialist games retail market have entered into administration. In the hours following the Group's entry into administration, hundreds of stores were closed and thousands of staff made redundant.

While some of the factors behind the Group's downfall, such as stores located too close to each other and overly-ambitious international expansion, were likely unique to the UK-based company, other factors, such as price competition from supermarkets and online retailers, as well as a reliance on a fickle pre-owned games market, may have wider application."

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UK's largest specialist video games retailer enters administration

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Somebody ought to cross ball point pens with coat hangers so that the pens will multiply instead of disappear.

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