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Is "Game" finished?


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#1051 Schnibbles

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Posted 01 February 2012 - 03:22 PM

Went to Game yesterday to buy AC: Revelations. It's £25 in the supermarkets.

Couldn't find it anywhere, so I asked at the till. She produced a manual scrunched almost in half by an elastic band around it and said they only had a preowned copy - "no, wait, we've got an original too - £30 for the new one and £28 for the preowned".

If the preowned copy hadn't been a mere two fucking quid cheaper than a brand new copy I might have bought it, but the sheer cheek of it was too much. That £28, minus whatever pittance they paid for the game, is absolutely pure profit. Bastards.
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#1052 Hexx

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Posted 01 February 2012 - 03:35 PM

Can someone explain to us non-retail savvy individuals how credit insurance works?
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#1053 Clipper

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Posted 01 February 2012 - 03:39 PM

Film doesn't have a national specialist chain anymore. HMV/Zavvi/Blockbuster all sell other things as well as films. In fact music doesn't either.


In which case music and film never had a national chain... certaionly not in last 20 years or so... shops that sell music also sell films and vice versa. Pre-video days? there were music specialist nationals.

Books definitley have one.

Maybe spcialist "entertainment" shops is best we can hope for that covers music/film and games.. but the most prominent one of those is fucked as well.

sigh...
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#1054 Clipper

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Posted 01 February 2012 - 03:45 PM

Can someone explain to us non-retail savvy individuals how credit insurance works?


A shop buys £50000 of stock from a supplier on credit i.e. they dont pay straight away

They sell that product

They pay for stock atfer a period that may be before or after they have sold all the stock. They cannot return non-ffaulty stock.

If they go bust inbetween getting stock and paying for it then the Credit Insurance ensures supplier gets his cash.

So... if you dont have credit insurance that means the credit insurance people think you are bad risk. At this point to get stock you may well have to pay for it upfront. If you havent got the cash? oh dear...
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#1055 snowbind

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Posted 01 February 2012 - 03:47 PM

Can someone explain to us non-retail savvy individuals how credit insurance works?


I would assume that it insures the game group's repayments to the publishers if they aren't able to pay for the stock they have taken out. It'll probably mean for the immediate future all new releases will only be sold to people who pre-order. They'll have little to none 'free' stock.
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#1056 Yiggy

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Posted 01 February 2012 - 03:53 PM

Even pre-orders must be dodgy because there is no obligation for the buyer to actually pick the item up.

This is why they have been so tight on the Vita Pre-Orders. £20 for the system and £5 per game pretty much guarantees that a person will come and pick it up as well as giving them some liquid cash to earn interest on.

Amazon don't care becuse they KNOW they will sell all their stock.
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#1057 Hexx

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Posted 01 February 2012 - 03:57 PM

A shop buys 50000 of stock from a supplier on credit i.e. they dont pay straight away

They sell that product

They pay for stock atfer a period that may be before or after they have sold all the stock. They cannot return non-ffaulty stock.

If they go bust inbetween getting stock and paying for it then the Credit Insurance ensures supplier gets his cash.

So... if you dont have credit insurance that means the credit insurance people think you are bad risk. At this point to get stock you may well have to pay for it upfront. If you havent got the cash? oh dear...


Thanks!
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#1058 snowbind

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Posted 01 February 2012 - 04:02 PM

Even pre-orders must be dodgy because there is no obligation for the buyer to actually pick the item up.

This is why they have been so tight on the Vita Pre-Orders. 20 for the system and 5 per game pretty much guarantees that a person will come and pick it up as well as giving them some liquid cash to earn interest on.

Amazon don't care becuse they KNOW they will sell all their stock.


Yeah, true enough. It really doesn't look good. Where is rick strider?
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#1059 fieldy

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Posted 01 February 2012 - 04:06 PM

Yeah, true enough. It really doesn't look good. Where is rick strider?

on the phone to his broker pressumably :coffee:
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#1060 Harsin

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Posted 01 February 2012 - 04:09 PM

Where is rick strider?


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#1061 Lag

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Posted 01 February 2012 - 04:10 PM

A shop buys £50000 of stock from a supplier on credit i.e. they dont pay straight away

They sell that product

They pay for stock atfer a period that may be before or after they have sold all the stock. They cannot return non-ffaulty stock.

If they go bust inbetween getting stock and paying for it then the Credit Insurance ensures supplier gets his cash.

So... if you dont have credit insurance that means the credit insurance people think you are bad risk. At this point to get stock you may well have to pay for it upfront. If you havent got the cash? oh dear...


This is correct but for one point (minor, in context): "they cannot return non-faulty stock". Sufficiently powerful retailers can return non-faulty stock, or they tell the publisher, "OK then, forget us stocking your games X, Y and Z".
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#1062 Yiggy

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Posted 01 February 2012 - 04:10 PM

I can't help raise a little smile at their inevitable collapse as I totally disagreed with the direction they went when they bought gamestation etc. The total corporate route.

However it is quite saddening in some ways. It was more of a thing to do with business on a whole. You HAD to expand, getting bigger bigger and bigger till you are totally fucked. That's the peril of floated companies and its just that they got caught up in it all.

From Future Zone to EB to Game/Gamestation I had some great times in there over the years. Some great great times. Probably my fondest memories were the ridiculous PC/Amiga sales they used to have way back in the days of future zone. Stacks of big boxes for 99p. Awesome. I got my first ever CD Rom/Soundblaster from there as well in some special pack.

Removing the one games specialist from the highstreet wont make much difference really but it will take a little excitement out of my lunchtime.
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#1063 Dandy_Sephy

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Posted 01 February 2012 - 04:28 PM

Even pre-orders must be dodgy because there is no obligation for the buyer to actually pick the item up.

This is why they have been so tight on the Vita Pre-Orders. £20 for the system and £5 per game pretty much guarantees that a person will come and pick it up as well as giving them some liquid cash to earn interest on.

Amazon don't care becuse they KNOW they will sell all their stock.

In GAME's defence the pre order for the machine is Sony's idea, so people can get their pre order packs. Brick and mortar stores are giving over the packs for the deposit, online stores are holding the packs until they charge for the full cost of the machine and shipping the packs with the machine. It's a SCEE thing.

As for the games, that's purely GAME, and they can get stuffed.
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#1064 MatOfTheDead

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Posted 01 February 2012 - 04:29 PM

just had a email from them about pre ordering the N7 Edition of mass effect 3
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#1065 fieldy

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Posted 01 February 2012 - 04:37 PM

just had a email from them about pre ordering the N7 Edition of mass effect 3


pray tell.............
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#1066 MatOfTheDead

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Posted 01 February 2012 - 04:39 PM

pray tell.............


oh it was just a advert basically saying pre order now to secure your CE etc
basically the usual guff you get
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#1067 Dudley

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Posted 01 February 2012 - 05:44 PM

Yup, just read that. That's surely the beginning of the end.

A game shop that can't stock new games... unless they can restore publisher confidence quickly, then I don't see how they're going to come back from this. What the hell does that mean for Vita pre-orders? Worst case scenario, could Sony just not give them any units or games?

Can anyone clarify what's going to happen to Game in the short term if this is true?


They can stock new games, they'll just have to buy them for cash from a distributor.
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#1068 Dudley

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Posted 01 February 2012 - 05:49 PM

What's the situation with gift cards when a store goes under? I've got a 50 quid voucher which I was planning to save but if it would become worthless then I might just go and buy a load of MS points with it.


You have effectively lent them £50 on a "Repay on demand" basis.

If they go into Administration then you effectively become an unsecured creditor, and one very, very far down the food chain.



Bring back Electronic Boutique.


EB is Gamestop, you might get your wish.
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#1069 Dudley

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Posted 01 February 2012 - 05:57 PM

If the preowned copy hadn't been a mere two fucking quid cheaper than a brand new copy I might have bought it, but the sheer cheek of it was too much. That £28, minus whatever pittance they paid for the game, is absolutely pure profit. Bastards.


Or it could have come in for £35 as part of the whole "Fun for a fiver" thing.
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#1070 clumpyjamie

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Posted 01 February 2012 - 06:33 PM

I went into a GAME store yesterday. It was the first time in a while. An assistant asked if I needed help, I said I was just looking, turned to the 360 section and...er... Is that it?! There were barely more than 15 games on the shelf. There were a bit more in the pre-owned section, but I was struck by how empty the shop was overall. Ten or more years ago the shops were stocked up completely. This shop looked to be on its last legs

(null)
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#1071 jonnatar

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Posted 01 February 2012 - 06:51 PM

I've got £150 on a Gamestation gift card ready for the Vita launch. Just last three more weeks guys!
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#1072 jonnyalpha

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Posted 01 February 2012 - 07:23 PM

Game have dropped their deposit requirement to 10. That's all I was asked for at the weekend although I wasn't going for it. Actually are the headphones worth a tenner?
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#1073 cpc464

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Posted 01 February 2012 - 07:27 PM

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Not had a chance to fully to read up on this, but as a store manager at Gamestation, our wages didn't go through first thing on the 31st (we get paid on the last day of each month). I was rather irate to say the least, and we received a store email to say there had been issues with the banks, and that all managers and assistant managers would get their money at some point during the day.

This is the first time to my knowledge that this has happened, and it seems more than coincidental on the week that we hear of these current woes.

What really fucking pisses me off is that at no point today did we get an email or any form of communication from head office mentioning the news from today. What we get instead is to stop taking pre-orders for all SKU's of Mass Effect, and wait for it, Neverdead as that game has reached the companies allocation. Now I'm not berating the quality of said game, but I very much doubt the pre-orders were in full flow for that title. Which would imply that the company is getting next to none of that SKU. And that would appear to be the case for MGS (oh, which we were told it had just fullfilled its allocation too).

It's ridiculous that on my lunchtime I have to read all this news from other sources when we hear nothing from head office.

And today it's nothing but "get more VITA pre-orders!", and "why are stores not pushing for memory card deposits for the VITA?!" from the regional managers, when everyone on the fucking internet is thing about cancelling the pre-orders that they have with this company.

Out of touch with reality.
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#1074 Harsin

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Posted 01 February 2012 - 07:29 PM

Not had a chance to fully to read up on this, but as a store manager at Gamestation, our wages didn't go through first thing on the 31st (we get paid on the last day of each month). I was rather irate to say the least, and we received a store email to say there had been issues with the banks, and that all managers and assistant managers would get their money at some point during the day.


Maybe it was related to that 'website issue' senior management are citing as the reason they didn't have any stock of Resident Evil: Revelations.
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#1075 cpc464

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Posted 01 February 2012 - 07:33 PM

Maybe it was related to that 'website issue' management are citing as the reason they didn't have any stock of Resident Evil: Revelations.


We barely got any last week, despite it being the sole title on an end-of-aisle. So anyone picking it up to buy it were sorely disappointed. And we were sorely embarrassed.
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#1076 Flub

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Posted 01 February 2012 - 07:36 PM

Actually are the headphones worth a tenner?


They wouldn't be worth it if Game paid you a tenner to take them away.
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#1077 cubik

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Posted 01 February 2012 - 07:41 PM

Their Twitter feed is reassuring people asking about their existing preorders but once the rumours start consumer confidence starts to plummet. Of course if Game go they will take Gamestation and Gameplay with them

Do they own Gameplay? I hope my Soul Calibur V pre-order is safe!
EDIT - Order status says "Complete" so it looks like it.

It would be nice to think that the loss of Game/Gamestation on the high street could become a positive thing for independent shops but I think that ultimately it will only lead to an even worse chain of shops replacing them.
Just look at the music shops in most shopping centres these days, HMV isn't perfect but the rest are mostly places that just stock the latest top ten and 1000s of pre-owned Johnny Mathis and B*Witched CDs.

Indy music stores struggle in anything other than major cities (for example, Picadilly Records in Manchester does OK, but I doubt if a smaller town would be able to sustain it). Most indy game stores I've seen are usually empty, so I do wonder how they stay in business.

Game may be shit, but sadly it's probably better than the alternative.

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#1078 sandman

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Posted 01 February 2012 - 07:51 PM

This really is the end isnt it. Bye Bye Game!
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#1079 cubik

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Posted 01 February 2012 - 08:11 PM

This really is the end isnt it. Bye Bye Game!

It would be nice to think it wasn't but it is inevitable. Even if they limp along for a few more months I think the end is nigh. Yet more empty stores on the high street plus a lot of people losing their jobs is never a good thing.

It's just another case of a physical store failing to change with the market. Web sales and supermarket shopping have decimated them, and having 10,000 copies of Fifa 2008 in preowned stock is just madness. I can see why preowned is attractive to a store, but there must be a point where you don't want another copy of a game that won't sell, even if you are only giving a pound for it. It's still a pound you won't get back.

I'll be more upset when HMV goes, I've got some really happy memories of how buying music used to be, browsing for rare titles, or getting an album on the day of release with only having heard one track off it on the radio. Happy days, but nostalgia has no place on the modern high street. Unfortunately it's change or die for a lot of stores.

It's getting fairly obvious that by the end of this year we'll probably have lost Game and HMV, with Waterstones probably near death. I reckon 2013 will see the end of WH Smith as the demand for half price chocolate dries up.

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#1080 cpc464

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Posted 01 February 2012 - 08:13 PM

It's definitely not looking good. But it's got to the point where the pressure to get pre-orders is fucking unbelievable, it all reeks of absolute desperation.

And the staff are now (mostly) better off buying from other websites than in-store, and that's including our staff discount, which shrunk a few months back.
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