Jump to content

Is "Game" finished?


Recommended Posts

Whilst in trouble all three of those still has a national chain so it is a little disingenous to indicate that the other 3 have already gone in UK.

I do agree that more general entertainment stores are more likely in future (tesco entertainment etc).

A shame but that is naked capitalism and globalisation for you. Pile em high sell em cheap as you can with wafer thin profit margins.. no space for diversity, specialisation or experts in the high street

Not sure if that is the same situation in the US, but HMV covered all 3 of the other primary entertainment mediums, so we are down to 1 national representative for each of the 4 major entertainment mediums in this country now, and the future for HMV and GAME group is shaky, not sure about Waterstones, maybe the Russians have too much free cash to know what to do with and will keep them running forever.

Link to post
Share on other sites

Whilst in trouble all three of those still has a national chain so it is a little disingenous to indicate that the other 3 have already gone in UK.

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.

Link to post
Share on other sites

It can't be good news if Game go under (and if HMV do as well)

Pretty much nowhere on the High Street to buy new games, only the supermarkets (and Toys R Us?) to buy new games offline. Nowhere to trade games and limited places to buy new hardware.

Not a major deal if you buy online like most of us on here etc but not everyone does and I reckon the industry will lose out when kids can't convince their mum to buy them some game online/he cant trade in old games against it.

Sounds pretty much like the early 90s. Sounds like we are going back a step! (Mind, we didnt have the internet to buy games in the early 90s).

My biggest problem with game is how long it takes to be served. I've been in packed bars that have less wait time than the average GAME store. I was going to buy Shadows of the Damned the other day from Gamestation, saw the queue of 4 people with two serving and gave it a miss. 4 people with 2 serving doesn't sound a lot but after their 5 minute Q&A session, 15 minutes checking and trading in the last 3 fifa releases, getting the games and spending an age typing in stuff on the computer when a simple scan will do and i could just as easily order it from amazon for slightly less, next day delivery on my phone and the queue still won't have moved. Christmas must be a nightmare, you'd spend longer waiting to be served than for a go on a popular ride at Disney Land.

I only ever go to GAME to have a glance around, but the queues are always massive! If i even wanted to buy something, i wouldnt want to queue for 10 minutes. Its the same in HMV actually. They can't actually be doing too bad if they always have queues but i guess this might have something to do with me normally heading down there on a saturday afternoon!

Link to post
Share on other sites

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.

Link to post
Share on other sites

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...

Link to post
Share on other sites

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...

Link to post
Share on other sites

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.

Link to post
Share on other sites

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.

Link to post
Share on other sites

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!

Link to post
Share on other sites

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?

Link to post
Share on other sites

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".

Link to post
Share on other sites

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.

Link to post
Share on other sites

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.

Link to post
Share on other sites

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.

Link to post
Share on other sites

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.

Link to post
Share on other sites

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.

Link to post
Share on other sites

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)

Link to post
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
  • Recently Browsing   0 members

    No registered users viewing this page.

×
×
  • Create New...

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue. Use of this website is subject to our Privacy Policy, Terms of Use, and Guidelines.