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    Paul 11:01 am on May 2, 2012 Permalink | Reply
    Tags: crunch,   

    Will Argos or Homebase be next? http://www.bbc.co.uk/news/business-17919871

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    Paul 11:45 am on March 13, 2012 Permalink | Reply
    Tags: crunch, , shops   

    Sad to hear yesterday that Game Group are up for sale due to the on-going “Credit Crunch” that the Tories seem to just deepen. It appears that Game have failed to move with the times, alter and change selling and buying techniques like the big players, Play, Amazon and others.
    I do feel certain that Game will be bought, probably by foreign business men/women and revamped. If I were in charge I would close 30-50% of shops and make it more focused online as Play and others have. There is little room for over priced high street sales in a dying economy that we live in today. The high street is continuing to dye, yet online shops thrive, why? discounts and sales…
    Good luck Game and their employee’s one of which I have known for many years, this next six months will be very hard, but who will be next?

    • avatar

      Paul 10:25 am on March 21, 2012 Permalink | Reply

      UPDATE: Game Group shares suspended from trading. Shares in the video games retailer Game Group have been suspended from trading “pending clarification of the company’s financial position”.

      The firm has seen its business eroded by competition from online-only retailers, such as Steam and Amazon. Last week, Game confirmed that a number of suppliers were refusing to do business with the company.
      The group, which is headquartered in Basingstoke, has 1,300 stores worldwide, including 600 in the UK.
      Shares in Game closed at 2.39p on Tuesday, having fallen from 62p a year ago.

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