GAME Not Quite Over, But Thousands of Jobs Lost

GAME Not Quite Over, But Thousands of Jobs Lost

The woes of  retailer GAME continue as over two thousands jobs are axed.

As we reported last week, the UK’s largest gaming store, GAME, went into administration last week after not being able to pay its fees to the big bad bailiff man.  This meant that the future of the store hung by a mere thread; it stayed open, but it was waiting on emergency crisis action in order to stay alive.

Today saw that plan begin to come into action as GAME has officially started shutting down stores across the UK, with over 2100 jobs axed in the past day.  A grand total of 277 shops have now ceased trading, leading to many empty stores across the UK’s high streets. To all those who worked at GAME, my condolences.

The firm that is handling the administration crisis strategy is known as PwC. A spokesperson for the group, Mike Jervis, said:

“Our priority is to continue trading the business as normal while we continue to pursue a sale. The recent job losses are regrettable but will place the company in a stronger position while we explore opportunities to conclude a sale. My team and I will be doing all we can to help the affected employees at this difficult time.”

A total of 333 GAME stores are to remain open and continue trading. At the moment, customers have been told that loyalty cards have been suspended while the crisis continues and GAME’s and sister-store Gamestation’s online store has also been pulled.

In an open letter to customers on Facebook GAME also outlined what exactly was going to happen with loyalty cards and trade-ins as well as a whole load of other stuff.

Dear GAME customers (the letter reads)

 Here’s some important news about us. GAME Group plc (the parent company of GAME in the UK) is now in administration. We want you to know that the Administrators aim at this time is to continue trading while they seek to find a new owner for the business.

 In the meantime, we’ve had to make some changes. We’ve summarised them below. Some of them are temporary, some are permanent.

 1.Online Sales: We expect some disruption to our online services over the next few days while we make some changes. We apologise for the inconvenience this causes.   

2.Refunds and Exchanges: Until further notice, we will not be able to offer refunds or exchanges for products purchased either before the administration or for products purchased from the date of the administration.   

3.Pre-Orders: No new pre-orders can be taken until further notice. No refunds can be given for any pre-order deposits which have been paid. We are reviewing this over the next week.   

4.GAME Reward card: We have had to suspended use of GAME Reward Cards. This means that points can be earned but NOT redeemed until further notice.   

5.Gift cards: We have also had to suspend GAME gift cards. The value on these cards cannot be redeemed. If this changes, we will let you know. We apologise for the inconvenience this causes.   

6.GAMEWallet: the value stored in GAMEwallet accounts will be suspended until further notice following the appointment of administrators.   

7.Pre-owned Software: You can still buy pre owned products at great prices in your local store or online. If you trade in a pre-owned software item then you will still be able to accrue reward points and use your trade in to exchange for another item. You will not be able to trade in pre-owned software for cash. If this changes, we will let you know. We apologise for the inconvenience this causes.   

8.Pre-owned Hardware: We have had to suspend trade in for pre-owned hardware at this time. If this changes, we will let you know. We apologise for the inconvenience this causes.  

9.Click and Collect titles: We have had to suspend this service. We apologise for any inconvenience this causes. 

 MJA Jervis and SD Maddison have been appointed as Joint Administrators of The GAME Group plc, Game Stores Group Limited, Gameplay (GB) Limited, Game (Stores) Limited, Games Station Limited, Game (Retail) Limited and Gamestation Limited on 26 March 2012 to manage their affairs, business and property as their agents and without personal liability. MJA Jervis and SD Maddison are licensed in the United Kingdom to act as insolvency practitioners by the Institute of Chartered Accountants in England and Wales.

 If you have any questions please feel free to email us at: customerservices@game.co.uk

Not really sounding very good, is it?

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