
British Retailer GAME to Close 127 Stores By 2013’s EndWednesday, April 21st, 2010
Originally posted on 1UP
Store closures had already been planned by GAME, but following the release of financial figures that saw a 27% drop in profits, it was announced today that an additional 127 stores in the U.K. will be closed by the end of 2013. The announcement coincided with news that both the Chief Executive Officer and Chief Operating Officer would be departing from the company. “We continue actively to review our UK store base, with a view to minimizing store overlap and maximizing opportunities from lease expiries, breaks and rent reviews,” GAME chairman Peter Lewis said in a statement (via MCV UK ). “Operationally we have continued to derive benefits from the integration of GAME and Gamestation. We have also rationalized our store and head office cost base which, in conjunction with the store closures, will result in savings of a further 5m GBP in each of the… Related Posts:
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