Scunthorpe Store On List Of Closures
26 March 2012 by HamstAdministrators at Game Group will close almost half the UK’s 609 stores, leaving 2,104 people without jobs, in what is said to be the biggest collapse since Woolworths in 2008.
The business which has two stores in The Foundry shopping centre, both Game (above) & Game Station, had last week seen its shares suspended "pending clarification of the company's financial position".
The firm said talks with stakeholders and other parties had not made enough progress to offer "a realistic prospect for a solvent solution".
Administrators PricewaterhouseCoopers (PwC) have released a list of the 277 stores that are to be closed with immediate effect. On the list is Scunthorpe which will see the Game Store (above) close with the nearby Game Station remaining open. Nationally the closures will see 2,104 employees being made redundant this week.
Last week, the retailer confirmed that a number of suppliers were refusing to supply it with the latest new titles it needs to generate much need sales, it was also struggling with a massive quarterly rent bill due this weekend. The group, which is headquartered in Basingstoke, has 1,300 stores worldwide, including 600 in the UK making it not only the biggest video games retailer in Britain but the biggest in Europe too.
Related article
http://www.visitscunthorpe.com/ScunthorpeNews/headline/Two-Town-Centre-Stores-On-Brink
If you would like add your own news article to Visit Scunthorpe, Login or sign up, its free and easy and you can start publishing your own content here, straight away.
Comments
No Comments
If you would like to leave a comment about this article, Login or sign up now
Please Note
Views expressed on this site are those of individual posters, who by making these posts indemnify Visit Scunthorpe and its operators of any legal responsibility or obligation.
Please respect the privacy of others, if someone gives you infomation that you use in your post, please don't identify them.
Visit Scunthorpe is North Lincolnshire's only truly independent, non commercial, community news web site.
Established in January 2010 we have lots of members with a wide range of views who all contribute
independently with articles of their own.
You won't find dozens of adverts covering our site, or some poor attempt to promote local business services under the guise of offering a community service.
Here on VisitScunthorpe we are interested in just one thing, building an online community which is representative of the people of Scunthorpe, North Lincolnshire and the surrounding area.
Paul. Founder Visit Scunthorpe.
How it Works
If you would like to have the ability to add articles and comments to Visit Scunthorpe then all you need to do is sign up with a valid email address for an account. This is free, your email address is confidential and we don't send out spam emails.
Once you've completed the sign up then you are free to post and comment on well... pretty much anything, we just have some basic civilised rules to prevent people from inciting violence, hatred or making individual attacks.
If you have a web site or directory which covers either independent news and blogging, or is related to North Lincolnshire or Scunthorpe then get in touch to set up a reciprocal link.
