GAME has today confirmed it intends to close 40 stores throughout the UK.
To date 13 sites have had notice served including existing GAME sites in Mansfield, Canterbury, Watford, Glasgow Fort and Leicester.
Yesterday, notice was served on a further 14 sites impacting outlets owned mostly by Intu and New River.
The sites include Derby, Norwich Chapelfield, Lakeside, Bexleyheath and Carmarthen.
GAME intends to serve notice on the additional sites in the near future.
A spokesperson for GAME stated:
“We are working closely with landlords throughout the UK to ensure that we do not have to vacate the 40 locations which could lead to a number of job losses. However, we are facing a challenging retail market and GAME with its extensive retail footprint, needs to restructure and landlords need to work with us in setting realistic, fair rents.”
According to gamesindustry.biz the UK retail market suffered a 20% drop in physicaly game sales.
This also comes at a time when consoles are largely looking to retain consumers through subsciption models such as PlayStation Now and Xbox Games Pass.
In response, GAME has looked to convert a number of stores into a collaboration between high-street retailer and a eSports competitive gaming hub.
It was only in December that GAME announced they were opening a brand-new venue in the Lower Ground floor of House of Fraser on Oxford Street, London.
Speaking at the time, Martyn Gibbs, GAME CEO said:
“This has been such an exciting project and one we are very proud of. Joining the Sports Direct group has given GAME and Belong further opportunities, Oxford Street is the perfect place to create the best retail and gaming experience for players.
"This is a new look and feel for GAME and our largest BELONG arena to date.
"We are very much looking forward to creating some great tournaments and in-store offers throughout Christmas and 2020. Through listening and working with our gaming community, we believe we have created the best gaming venue possible and look forward to welcoming every gamer”.
GAME are yet to annonce which 40 stores will be shutting in 2020.
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