As a result of a supply dispute with EA over "manageable credit terms" with the group, stores in the GAME Group, which owns both GAME and Gamestation, will not be stocking Mas Effect 3, which is the first major blockbuster game of 2012, and any pre orders made with them have been refunded.
As a result, shares have taken a nose dive, falling down by 7%, to a mere 4.8p/share. This has seemingly lead to the beginning of the end for two of the UK's biggest game shops, which also has shops operating in Australia, with the groups directors saying the plug may now be pulled on them, which has been suffering from the economic climate in recent times, although reports indicate that they will neverless attempt to find a buyer.
(Edited by havoc of smeg (10888), Mar 20, 2012)Re: UK's GAME group not stocking Mass Effect 3
havoc of smeg (10888), Mar 20, 2012
To add insult to Game Groups misery, they have now been unable to stock any games published by either Microsoft or Capcom, meaning they won't be stocking more big sellers that are Street Fighter X Tekken, Resident Evil: Operation Raccoon City and Asura's Wrath, meaning their finances are not going to get better any time soon, and they are also having troubles coughing up rent money for their stores, and the group going into administration looks all the more likely.
That said, there are several companies who have expressed interested in buying the group, including the British group OpCapita (who own the Comet electrical chain), in addition to US retail giants GameStop and Walmart.
I sure hope it won't end up being GameStop. Then they'd be the only player left here in Sweden dealing solely with games. That'd suck. Monopoly is always a bad thing.