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Yesterday, and I thought this was a harsh April Fools joke, OpCapita agreed to buy the GAME chain.

Baker Acquisitions Limited (Baker), an entity advised by OpCapita have saved ~3,200 GAME employees jobs as well as seeking to re-employ a small number of staff who previously worked at GAME's head office but who recieved redundancy notices last week. They do not plan to close anymore stores!

The financial terms of this transaction have not been disclosed.

We strongly believe there is a place on the high street for a video gaming specialist and GAME is the leading brand in a £2.8 billion market in the UK. We have assembled a strong team of experienced industry operators to implement the programme of operational change that is needed. There is a huge amount to do but we look forward to the challenge of restoring GAME's fortunes in partnership with its employees and suppliers.
- Henry Jackson, Managing Partner of OpCapita
We are delighted to be able to secure this business sale and provide some much needed stability for customers, suppliers and employees alike in these uncertain times. The support of these stakeholders has been crucial over the last week and I would like to thank them for their support throughout this difficult period.

This means that the GAME brand will not be another one of the retail names disappearing from the high street in the current difficult climate.
- Mike Jervis, Administrator of The GAME Group plc and PwC partner

Did you expect this? Do you think it's deserved? Let us know!

Kaostic | 2nd April, 2012
Ewok's picture
It would have been funny if OpCapita had withdrawn from the deal on the basis of 'April Fool'.

I think GAME will perform better woth the significant drop in store numbers. Newcastle City Centre had 3 GAME and 1 Gamestation, all within 5 minutes of eachother. All three GAME stores were in the same indoor shopping centre.

Oversaturation was clearly a problem. They were payong for 4 premises but having 4 stores does not quadruple sales. When i go shopping for a game I'm only going to buy it from one shop.
Kaostic's picture
Quote:
Originally Posted by Ewok View Post
It would have been funny if OpCapita had withdrawn from the deal on the basis of 'April Fool'.

I think GAME will perform better woth the significant drop in store numbers. Newcastle City Centre had 3 GAME and 1 Gamestation, all within 5 minutes of eachother. All three GAME stores were in the same indoor shopping centre.

Oversaturation was clearly a problem. They were payong for 4 premises but having 4 stores does not quadruple sales. When i go shopping for a game I'm only going to buy it from one shop.
There are two in my main town yet not any in others near it. I would have to check both for pre-owned stock which was a pain in the arse.

I can still see GAME not doing terribly well in the next few months as I'm not 100% sure some publishers will want to deal with them thinking them "unsecure" leading consumers to other means.
Ewok's picture
No doubt the company will remain in bad shape short term, but hopefully longer term they will develop a viable business. I'm not a huge fan of GAME as a store but think it's important for the industry as a whole that dedicated high street retailers remain out there.

From a consumer perspective, more retailers = more competition, which is undoubtedly a good thing. I may not shop much at GAME, but I get my games cheaper because they exist.
I think I am one of a dwindling number of people that actually prefer to have discs for my games where possible and I prefer to buy from GAME so I am happy to see that they have seemingly, for now been saved.

In Manchester there were two GAME stores within 5 minutes of each other and a Game Station, they have closed the GAME stores and kept Game Station open. I would like to see them close the Game Station store and re-open one of the GAME stores.

I think GAME now need to look at the digital side of things also, if they stay open as store only I think they will be in the same situation again, but this time they wont be be bought by someone.
Ewok's picture
I like owning discs too, but GAME always seemed to be the most expensive option. I live in the North East and we have Grainger Games, and I find they are cheaper than GAME and have a better selection. Staff don't try and sell me stuff either, they are helpful when I ask for help but otherwise leave me alone to browse in peace.

Re: the digital side - I've never actually bought anything from their site but I hear they are good for pre-orders in terms of retailer exclusive content and reliable delivery. Quite a lot of people I know do all their big pre-orders there.
Maggy's picture
my problem with game was they only catered to console users... 11-16 year old ones at that. Avoided the place like a plauge, always full of idiots.
That being said there was a game"lite" located with in debenhams which was slightly more expensive, but only had your aunts and grandmas using it. used it all i could, tilll they closed it down.
Quote:
Originally Posted by Ewok View Post
I like owning discs too, but GAME always seemed to be the most expensive option. I live in the North East and we have Grainger Games, and I find they are cheaper than GAME and have a better selection. Staff don't try and sell me stuff either, they are helpful when I ask for help but otherwise leave me alone to browse in peace.

Re: the digital side - I've never actually bought anything from their site but I hear they are good for pre-orders in terms of retailer exclusive content and reliable delivery. Quite a lot of people I know do all their big pre-orders there.
I can understand in regards to staff trying to sell stuff, but I generally walk in, grab what I want, pay and leave, I dont hang around.

In regards to the digital side, I meant more digital download wise, after some rather shocking issues experienced when pre-ordering I won't be doing it again, I will do all my shopping in store.
Ewok's picture
Quote:
Originally Posted by Disturbedguy View Post
after some rather shocking issues experienced when pre-ordering I won't be doing it again, I will do all my shopping in store.
Well if it helps I use ShopTo.net for pre-orders and of the dozen or so games I have ordered they have all turned up the day before release day with the exception of BF3 (on the day) and Dead Rising 2 (2 days early).
Rasher's picture
While i understand why they have 3 store in one town center (worked in retail for a long time) it just isn't needed in this day and age, I suspect an issue may have been taking on to many long term store leases as well didn't help.

I used to prefer a disk (well the box and manual)
but due to circumstances getting in to town is near impossible for me, so i order a lot of my games from online (Steam/Play/Game/Amazon/Porn Games) plus it did start to piss me off when I was buying games from in stores and they stopped putting manuals in (this was a practice done quite a while back, but they started putting them back in now)

I noticed that people are so quite to blame pirating etc on store like this shutting down, but what about the likes of EA who stop (or try to stop) these companies from selling 2nd hang games.
A lot of the larger publishers do have a lot to answer for in the way the games industry is being destroyed slowly from the inside out.
Quote:
Originally Posted by Ewok View Post
Well if it helps I use ShopTo.net for pre-orders and of the dozen or so games I have ordered they have all turned up the day before release day with the exception of BF3 (on the day) and Dead Rising 2 (2 days early).
If it was just something like that I wouldn't be so bothered, but for me it was orders being cancelled without warning, literally no e-mails, pre-orders being sent out but not turning up, limited edition pre-orders turning up with items missing then when i contact the customer support, I wait about a week for an answer, then when i got replies they usually amounted to "we dont know why this happened"

I might start looking at shopto..

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