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GAME To Open 18 New Stores

Author:
Jonathan Lester
Category:
News
Tags:
GAME, High street, UK retail

GAME To Open 18 New Stores

GAME are still in the process of paying off their debts, and plan to open 18 new stores over the next couple of months.

MCV reports that GAME owes owners OpCapita £103 million after they brokered a deal to save the company, of which they've paid £3.2 million in interest. The Telegraph also suggests that they made an £18.2m loss in the months since the buyout, which makes for slightly grim reading considering the amount they've shelled out and have yet to repay.

However, GAME are still positive that the brand will continue to grow. GAME boss Martyn Gibbs expects the company to make £20m in profit for the year ending July 31st 2013, and intends to open 18 new stores in that time.

"Having restored like-for-like market share to levels in line with the former Game Group, the outlook for the business is positive with a strong line-up of AAA releases and the launch of the new Wii U available to support a healthy Christmas trading period," says Gibbs. “In 2013, there is much anticipation around the release of Grand Theft Auto V and the company looks forward to further new hardware releases from Microsoft and Sony in coming years.”

Fingers crossed.

Add a comment5 comments
Late  May. 7, 2013 at 17:38

Despite the fact there's not much choice on my local high streets when it comes to computer/console gaming etc. (or indeed anything except coffee shops, loan sharks, and pound shops) I've almost reached the point of "don't bother - waste of time" when it comes to Game. Massively overpriced on pretty much everything.

That said, I did (rather randomly) pick up a Dean Koontz book in there for a quid today.

Petty much every new game was considerably more expensive than elsewhere - and in fact pretty much every second hand game in there could be had for cheaper brand new if you shopped around.

Drunkensquirrel  May. 7, 2013 at 19:04

18 new stores!I didn't know they had expanded into North America.

Anarchist  May. 7, 2013 at 22:46

I live about three minutes walk away from my local game, and I still cannot be bothered wasting my time wandering down to it. The only thing I've ever found that wasn't overpriced in the last couple of years was Far Cry 3, just before Christmas.

I can understand and justify spending an extra quid or two over what online prices are, I would be absolutely fine with that, but I can't justify spending £40 on five month old games that are £17.99 online. Which is what 90% of the store is full of.

Lemming  May. 8, 2013 at 08:21

Have to agree, hardly ever buy anything at Game. Even their preowned are overpriced. Bought a few things during their "closing down" sales for various stores and Far Cry 3 last year but other than that I avoid!

99% of my games are bought online and the occasional big title comes from the supermarkets if they have a good price. (COD, FIFA, etc).

My issue with Game and HMV is the way they stick to RRP. Most online stores slash that right down at launch and it only drops from there, so why go to game and pay £49 for something you can have delivered to your house for £29.. usually a day or two before release!

RiKx  May. 8, 2013 at 09:42

Wow. Never learning from your previous business strategy...It's hard to know what to say then...

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