The GAME group - owners of UK video game retailers Game and Gamestation - has announced that it will be closing 43 of its outlets, including all of its Debenhams store concessions, leading to 243 staff lay-offs.
In a statement released to the press
, the company states:
“We regularly review our entire store portfolio, including our concessions, to maximise the opportunities to reach customers while also ensuring that the business is running as effectively as possible.
“As a result of this review process, and the tougher market conditions that we face in 2010, we have announced our intention to close 12 Game stores, 6 Gamestation stores, and all 25 of our concessions in Debenhams stores. In each location, we have detailed plans to support the customers and employees.
“The majority of the identified sites are located close to another one of our stores, and we will help each customer affected by a closure to transfer to their nearest store as well as our online offerings.
“We will provide extensive support to the teams in each store. However, with deep regret, we have had to offer redundancy to 247 employees. We will do our utmost to redeploy roles if possible, and have started consulting with all affected employees in the 43 sites.
“We are very focused on supporting our people, and thank them for their continued hard work and understanding.”
This harsh news for UK game retail follows the hit to GameStop in the USA
with the departure of its second CFO in six months and a drop in its share price.
More news on exactly which stores will be closing when we get it.