GAME Aims To Close More Stores

According to a group chairman from retailer GAME, the company will only have 550 of their GAME and Gamestation stores on the UK high street by Christmas 2013. The company formerly had a total of 695 stores throughout the UK but this number has seen a recent decline with earlier announcements of store closures in February of this year. Chairman of the company Peter Lewis had this to say on the matter:

“We continue actively to review our UK store base, with a view to minimising store overlap and maximising opportunities from lease expiries, breaks and rent reviews."

“Operationally we have continued to derive benefits from the integration of GAME and Gamestation. We have also rationalised our store and head office cost base which, in conjunction with the store closures, will result in savings of a further £5m in each of the next two years.”

“Our stores are a place to experience games, and the format is evolving to cater for their changing needs and the incoming new technology. We are trialling interactive kiosks and improved e-commerce connectivity in selected stores to expand further the range with thousands more product lines and enhanced the customer experience."

Sounds like very business-oriented speak but anyone can basically understand that they are cutting back with recent announcements of declined profits for the GAME group. We can only hope that those that will be affected land safely on their feet in other jobs.