The sad tale of GAME Group has now reached it’s end. According to MCV, the chain has officially filed for administration. At this time, stores are closing rapidly, with a complete and updated list being maintained by MCV here.
At the same time, CEO Ian Shepherd has stepped down, handing the reigns over to administrators PwC. Additionally, those customers that were holding onto gift cards, defective merchandise are out of luck. Worse, those that had a significant number of pre-orders (each requiring a deposit) could find themselves out quite a bit of money. Here’s the full statement:
Here’s some important news about us. GAME Group plc (the parent company of GAME in the UK) is now in administration. We want you to know that the Administrators aim at this time is to continue trading while they seek to find a new owner for the business.
In the meantime, we’ve had to make some changes. We’ve summarised them below. Some of them are temporary, some are permanent.
1.Online Sales: We expect some disruption to our online services over the next few days while we make some changes. We apologise for the inconvenience this causes.
2.Refunds and Exchanges: Until further notice, we will not be able to offer refunds or exchanges for products purchased either before the administration or for products purchased from the date of the administration.
3.Pre-Orders: No new pre-orders can be taken until further notice. No refunds can be given for any pre-order deposits which have been paid. We are reviewing this over the next week.
4.GAME Reward card: We have had to suspended use of GAME Reward Cards. This means that points can be earned but NOT redeemed until further notice.
5.Gift cards: We have also had to suspend GAME gift cards. The value on these cards cannot be redeemed. If this changes, we will let you know. We apologise for the inconvenience this causes.
6.GAMEWallet: the value stored in GAMEwallet accounts will be suspended until further notice following the appointment of administrators.
7.Pre-owned Software: You can still buy pre owned products at great prices in your local store or online. If you trade in a pre-owned software item then you will still be able to accrue reward points and use your trade in to exchange for another item. You will not be able to trade in pre-owned software for cash. If this changes, we will let you know. We apologise for the inconvenience this causes.
8.Pre-owned Hardware: We have had to suspend trade in for pre-owned hardware at this time. If this changes, we will let you know. We apologise for the inconvenience this causes.
9.Click and Collect titles: We have had to suspend this service. We apologise for any inconvenience this causes.
It’s clear that the real losers in this situation are the gamers that frequented the chain and the thousands of employees that will be without work as soon as today.
Our thoughts are with those that will be seeking new employment in the wake of the chain’s final collapse.
You can read all of RipTen’s previous coverage of the GAME Group collapse here.
Michael Futter is the Managing Editor of RipTen. You can follow him on Twitter (@mmmfutter) or email him at Michael [at] RipTen [dot] com.