UK shop GAME appears to be in trouble after doubt was cast on its ability to buy new games.
Eurogamer has heard from multiple UK industry sources that the specialist video game retailer has lost credit insurance with a number of agencies.
This means that publishers are now forced to take the risk on games that do not sell - something they do not wish to do.
GAME is now being asked to pay for new stock with cash. If GAME doesn't have the cash, it could result in the shop being unable to stock new games.
http://www.eurogamer.net/articles/2012- ... il-partnerOn the loss of credit insurance with agencies, GAME said: "You work with each supplier to come up with an answer and that's what we're doing."
so what's up? i always pictured GAME to be just like gamestop in USA; the dominant specialist video game retailer. with that in mind i did not expect this.EA boss John Riccitiello has voiced concerns about the financial health of a "major European retail partner".
Speaking during an investor call earlier today, Riccitiello didn't name the company in question, but explained that the situation could affect the publisher's next set of financials.
"We are concerned with the financial condition of one of our major European retail partners, which could lead to both increased bad debt and lost sales," he said.
what do you think happened? is amazon killing them? is the economy killing them? why aren't they making big sales? it's weird, right? i can't figure out why this is happening.
not to jump the gun too much but what do you think the repercussions would be if GAME disappeared? i mean i don't think we'd lose sleep over it but it'd be very noticeable. and i wonder who would step up to the plate after. who would get all them exclusive CE's?
personally i don't use GAME when i don't have to because i think the way they handle transactions is awful, but still; shit's crazy.