GAME Over?

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tommyleenotjones
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Re: GAME Over?

Post by tommyleenotjones » Fri Jul 14, 2017 1:41 pm

shinymcshine wrote:
Thu Jul 13, 2017 9:58 am
You know when you thought Game had already reached rock bottom...... well, start digging:

http://metro.co.uk/2017/07/13/sports-di ... e-6775860/
I really don't understand Game being bought by Sports Direct. What one has to do with the other? I mean, I know, it's a typical diversification, but still...
Here's more
http://www.gamasutra.com/view/news/3016 ... _stake.php
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shinymcshine
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Re: GAME Over?

Post by shinymcshine » Sat Jul 15, 2017 6:55 pm

Whilst posting in the Bad Rep for Bad Retailers thread I saw this from Jax, posted in Dec 16, and thought it appropriate to put here too:
therealjaxon wrote:
Wed Dec 14, 2016 1:03 pm
I think we're actually regressing with regards to customer service these days.
I've had two recent problems and both been really hard to resolve because cust service cannot be contacted - only by a contact form :roll:
It was Sports Direct and GAME btw.

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sleepery jeem
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Re: GAME Over?

Post by sleepery jeem » Wed Aug 23, 2017 11:13 am

Retailer GAME just published its financial results for the year period ending July 29th 2017 and has seen some growth following the positive impact of the Switch launch, the report said.

Sales at the High Street retailer in the UK were up 6.8 per cent year-on-year and 8.8 per cent for the 26 weeks period ending July 29th. This includes sales for hardware, software, digital and accessories. In Spain, the growth was even more important, with sales up 22.4 per cent year-on-year and 26.4 per cent for the 26 weeks ending July 29th. Overall, the group sales have slightly increased by 0.1 per cent year-on-year and 13.8 per cent in the 26 weeks ending July 29th.

As a result, the group’s total gross transaction value (GTV) was up 6.8 per cent in the second half of the year period ending July 29th, to reach £325.4m. The GTV for the full year was up 2.3 per cent to £891.7m. This translates into group revenues expected to reach £780m, the report added.

In the ‘strategic update’ part of the report, the retailer said it was currently evaluating “strategic options for the group's digital enterprise activities, including Multiplay’s digital division.”

“It is intended that the group will focus management and capital resources on the acceleration of the development of the esports and live gaming initiatives and maximise the performance of the core multi-channel retail businesses,” the report added. “Accordingly, the group is continuing to develop Multiplay’s Events and Esports activities, including the Insomnia gaming festival, and has recently commenced a review to maximise shareholder value in respect of Multiplay’s digital business. (…) Multiplay’s digital sales have more than doubled, from £2.1 million to £4.5 million, whilst Multiplay’s events and esports sales have increased almost 50%, from £4.8 million to £7.1 million.”

CEO Martyn Gibbs commented: “GAME has made further progress in the second half of the year as we continue to focus on developing our strategic initiatives whilst creating a new cost base for our UK retail business to address the challenges in the UK console market.

“We have been encouraged by the recent growth in both the UK and Spanish markets overall and we expect that this momentum will continue into peak trading driven by the benefits of continued customer demand for the Nintendo Switch, the launch of Microsoft’s Xbox One X and a strong lineup of new games releases.

“GAME has now opened 18 Belong arenas, and we have seen encouraging early performance. We have reviewed our operations and are now accelerating development plans as we seek to fully capitalise on the strong growth potential in our exciting and growing esports activities.”

Back in June, GAME issued a profit warning, telling investors that its full year profits will be below previous expectations due to Switch shortages. In early July, Sports Direct acquired a quarter of the High Street retailer.
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maf-me-quick
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Re: GAME Over?

Post by maf-me-quick » Wed Aug 23, 2017 11:26 am

I think the "Challenege in the UK market" or whatever that quote was is being felt worldwide. If you go on PSN and filter to the last 30 days it will turn up at least 75 new game releases. That's ridiculous.

I feel like video games are being over saturated, but in a different way to the 80's game Crash. Video games aren't going away obviously, but it really feels unsustainable all the way around
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shinymcshine
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Re: GAME Over?

Post by shinymcshine » Wed Aug 23, 2017 11:34 am

maf-me-quick wrote:
Wed Aug 23, 2017 11:26 am
I think the "Challenege in the UK market" or whatever that quote was is being felt worldwide. If you go on PSN and filter to the last 30 days it will turn up at least 75 new game releases. That's ridiculous.

I feel like video games are being over saturated, but in a different way to the 80's game Crash. Video games aren't going away obviously, but it really feels unsustainable all the way around
Isn't the issue for Game that out of those 75 releases many will be digital download only, and therefore they will probably* miss out on this part of the market.

Furthermore, out of those 75 how many are big budget AAA type games compared to being "Indie" titles or remasters/remakes ? I figure that will be a relatively small proportion, hence the market should be sustainable. IIRC I didn't really feel much impact of the 1980s crash, as the dominant UK home computer market was supported by small independent developers, rather than the US / console market with big companies supporting Atari etc who got burnt.

* There is a small chance that someone will actually buy a download code, or wallet top-up in-store.

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Re: GAME Over?

Post by maf-me-quick » Wed Aug 23, 2017 11:56 am

My understanding is the 80's game crash was all American, and it was because of oversaturation of low quality hardware and software. I cite it for the oversaturated point alone, it is definitely different

But what I'm saying is I think it's unsustainable because having so many games out there, over 2 per day, whether AAA or mobile free to play port, just dilutes success for each other. Yeah the big games will still hit really big, but how many of those 75 is that going to be?

I'm saying it's brilliant we have so many options, I don't understand how many games are going to fulfill those options though.
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Re: GAME Over?

Post by shinymcshine » Wed Aug 23, 2017 2:09 pm

It's not helped by gamers like me who pay no particular attention to new releases, mainly because there's too many games & not enough time (but I still like lengthy RPGs) hence an ever growing back catalogue, only to pick games up 6-12 months (or longer) after release in either a physical or digital sale for 75% of original RRP.

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Re: GAME Over?

Post by maf-me-quick » Wed Aug 23, 2017 4:48 pm

I don't think it's down to the consumers for being responsible for the business models we are given to buy products through. I think you should support the stuff you like with your cash, or if you don't care and can wait then do that. But you always hear about the company that does big numbers on the Apple Store and they make 10 billion bananas per blink or what ever it is, but look at that store, I have to imagine more fail than succeed. It has to be the same on smaller stores as well.

And it's not like I'm offering a solution, I'm not saying there should be less games, because every game is someone's favourite game, it just seems like there's bound to be a lot of great games out there that no one will ever hear of because there's too much noise and that's sad, I think.

I would say up to about 5 years ago I could name all the developers that were making cool games, and now I have no idea because there's too many to keep track of. 2 games per day! That's nuts
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Re: GAME Over?

Post by shinymcshine » Wed Aug 23, 2017 5:46 pm

Maybe its just a sign that gaming has 'caught up' with other areas of the entertainment industry, and it is a sustainable model ?

There's loads of CDs (music singles /albums), films, books, comic books, boardgames etc released every month, and they seem to do okay in a very competitive marketplace.

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Re: GAME Over?

Post by maf-me-quick » Wed Aug 23, 2017 6:31 pm

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Blakey
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Re: GAME Over?

Post by Blakey » Wed Aug 23, 2017 6:44 pm

People complaining about too many games, Jesus Christ :lol:
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Re: GAME Over?

Post by sleepery jeem » Wed Aug 30, 2017 4:06 am

:| hmm best place for this I think...


Game trading store CEX has been hacked and the details of two million accounts may have been compromised. The good news is that the only credit card details that may have been stolen are in an encrypted format, and are from before 2009, so the cards should have expired by now.

However, personal information such as first name, surname, addresses, email address and phone numbers may have been stolen.

CEX advise you change you password immediately, and if you are one of those people who have the same password for multiple logins on other sites then you should change all those as well. For more details please follow this link.

“We take the protection of customer data extremely seriously and have always had a robust security programme in place which we continually reviewed and updated to meet the latest online threats,” say CEX. “Clearly however, additional measures were required to prevent such a sophisticated breach occurring and we have therefore employed a cyber security specialist to review our processes. Together we have implemented additional advanced measures of security to prevent this from happening again.”
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Re: GAME Over?

Post by therealjaxon » Wed Aug 30, 2017 9:07 am

Cheers for the heads up :wink:
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sleepery jeem
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Re: GAME Over?

Post by sleepery jeem » Fri Oct 27, 2017 5:21 pm

More related but unrelated news...


GameStop's Power Pass Lets You Effectively Rent Used Games


With more and more gamers flocking to digital storefronts, US mega-retailer GameStop is locked in a battle to remain relevant. Its latest solution? The newly leaked Power Pass: a $60 six month subscription that will give you access to an unlimited selection of pre-owned games. You’ll be able to swap games whenever you like, and when your membership ends, you’ll keep the last game you had on hire.
Those deceived by religious extremism shall be assisted by resettlement and re-education.

Chinese UN Mission.

shinymcshine
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Re: GAME Over?

Post by shinymcshine » Fri Jan 12, 2018 10:31 pm

Had a newsletter email from Game but notably at the bottom was a ditty about changes to the T&Cs of the Game Reward card.

As from 250118 instead of getting 1 point every £0.125 spent it'll be 1 point every £0.25. The value of the points isn't changing.

So that's just half as many as you use to get !

Now, I don't spend much in Game to bother me much, but heads up for those who do.

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