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Post by Dougs on Jan 17, 2024 19:07:51 GMT
I remember their massive expansion. It made absolutely no sense then to have multiple stores in the same town. So odd, if it wasn't some tax dodge (which has backfired)
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Post by dangerousdave on Jan 17, 2024 19:53:45 GMT
CeX were only very briefly operating in the green for a few months before the first lockdown. They had a long spell of debt before that and, as far as I am aware, have been ever since. Their phone business is what keeps them going primarily, but that is quite volatile. They might get more trade for a little while, but I can see them struggling if GAME were to close their stores.
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Post by Chopsen on Jan 17, 2024 20:25:35 GMT
I remember their massive expansion. It made absolutely no sense then to have multiple stores in the same town. So odd, if it wasn't some tax dodge (which has backfired) I assumed it was leases.
Commercial leases can be quite long (like 10 years or more) and if GAME couldn't find another retailer to assign the lease to, they'd be paying rent on an empty unit. So better just to keep it kicking over.
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Bongo Heracles
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Post by Bongo Heracles on Jan 17, 2024 22:21:13 GMT
Yeah, I think when they bought gamestation (rip) they were stuck with a lot of long leases.
Someone must have made a spreadsheet that said spunking a fortune on your competitor and all their units was a better bet than going toe to toe with them
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Frog
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Post by Frog on Jan 17, 2024 22:27:01 GMT
Honestly they are just incompetent, Nick Arran the current CEO has failed his way into the position and some of the previous ones have been just as bad. Absolute bunch of clowns at the top and have been for a decade plus.
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Post by Chopsen on Jan 17, 2024 22:51:27 GMT
I don't know what, specifically, they could have done massively differently tho. It feels inevitable. They were a speciality high st retailer catering for a market demographic that was the most likely to just do stuff online. They couldn't survive on befuddled mums trying to work out how to buy a Nintendo for their kids alone.
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Bongo Heracles
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Post by Bongo Heracles on Jan 17, 2024 23:11:58 GMT
It’s actually quite impressive that they have pulled off a managed decline after nearly going tits up a few years ago
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geefe
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Post by geefe on Jan 18, 2024 8:10:09 GMT
Or that they convinced someone they were worth buying
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Post by zisssou on Jan 18, 2024 9:46:20 GMT
I think the switch to toys/collectibles/video game shops was inevitable. All hail Smyths. Multiple specific game shops is always going to struggle today, just speak to independent shops, who just about make it by with retro games. The guy I speak to says that he barely gets in any new games, because it doesn't sell, then he gets people coming in asking for the new COD and gets complaints!
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Post by Bill in the rain on Jan 18, 2024 9:49:43 GMT
I dunno how you'd keep a chain like GAME going in these days of digital downloads.
Maybe take a leaf out of (what I imagine) Games Workshop stores (are like) and try and create a community place with soft drinks and consoles and events where kids can hang out?
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Post by zisssou on Jan 18, 2024 9:50:58 GMT
I dunno how you'd keep a chain like GAME going in these days of digital downloads. Maybe take a leaf out of (what I imagine) Games Workshop stores (are like) and try and create a community place with soft drinks and consoles and events where kids can hang out? They already tried that with Geek Retreat and a bunch closed.
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Post by Bill in the rain on Jan 18, 2024 10:29:09 GMT
Guess they're kinda screwed then.
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Cappy
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Post by Cappy on Jan 18, 2024 12:47:11 GMT
GAME diversifying into lego and collectable tat has been a godsend when I've needed to pick up birthday and Christmas gifts. With Toys R US gone, I can't think of any other chain in your average small town where you can pick up that sort of stuff these days. Arhhhhhgos maybe?
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apollo
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Post by apollo on Jan 18, 2024 12:48:51 GMT
GAME diversifying into lego and collectable tat has been a godsend when I've needed to pick up birthday and Christmas gifts. With Toys R US gone, I can't think of any other chain in your average small town where you can pick up that sort of stuff these days. Arhhhhhgos maybe? A lot of argos stores are just now pick up and collect in sainsbury. Disappointment when I got back to the UK, they closed both
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Post by Chopsen on Jan 18, 2024 12:53:54 GMT
When people complain about the high street dying, it's not being done by some conspiracy. It's reflecting changes in how people live.
Anybody know what became of KOTI of the old EG forum?
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apollo
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Post by apollo on Jan 18, 2024 13:11:56 GMT
I'm sure rocketing store rents don't help with the high street/town shops. I much prefer trying clothes on in store rather than order them online
I was in Thailand in December and it was great seeing how much shopping malls are really popular (they are actually have recently built ones) the christmas market was really nice to see
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Post by britesparc on Jan 18, 2024 13:17:01 GMT
GAME diversifying into lego and collectable tat has been a godsend when I've needed to pick up birthday and Christmas gifts. With Toys R US gone, I can't think of any other chain in your average small town where you can pick up that sort of stuff these days. Arhhhhhgos maybe? You've got The Entertainer, but I think they're quite expensive nowadays, and Smyth's I suppose.
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EMarkM
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Post by EMarkM on Jan 18, 2024 13:27:45 GMT
When people complain about the high street dying, it's not being done by some conspiracy. It's reflecting changes in how people live. Anybody know what became of KOTI of the old EG forum? Was KOTI the lass who used to work in GAME, Macclesfield? If so, I knew her quite well at the time but lost touch when they closed.
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cubby
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Post by cubby on Jan 18, 2024 13:35:09 GMT
King of the Indies, he was a force of nature that one. Kind of like if geefe owned a small chain of indie game shops.
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Bongo Heracles
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Post by Bongo Heracles on Jan 18, 2024 14:04:56 GMT
When people complain about the high street dying, it's not being done by some conspiracy. It's reflecting changes in how people live. True but its demise has also been hastened by vulture capitalism. Smyths has grown and expanded since ToysRUs was bought, loaded with debt and then driven into the ground, for example, so that business model isn't defunct yet. The high street death spiral would have been slower if we had made even the slightest attempt to prevent predatory takeovers.
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Post by Whizzo on Jan 18, 2024 14:11:42 GMT
GAME seems to have be mismanaged for many, many years you only have to look at their Wikipedia page to see the mess it's been in repeatedly. I'd forgotten that companies like EA and Capcom wouldn't supply them with product in 2012 as they weren't credit worthy!
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Bongo Heracles
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Post by Bongo Heracles on Jan 18, 2024 14:16:16 GMT
The biggest fuckup and the thing that stopped me using them at all was the complete disconnect between their online and bricks and mortar business for *years*. Not being able to click and collect, stock check or even honour the same fucking price rendered them basically useless.
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Post by Bill in the rain on Jan 18, 2024 14:17:05 GMT
Toys R Us is still going strong here.
Tower Records is still going as well, though I couldn't say how strongly as I've never gone inside.
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Bongo Heracles
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Post by Bongo Heracles on Jan 18, 2024 14:20:43 GMT
Its been resurrected as a 'brand' here. Its now basically the toy department in larger WH Smiths.
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Post by Bill in the rain on Jan 18, 2024 14:25:26 GMT
Japan has this weird thing, similar to the 'big in Japan' deal, where most big foreign stores that come here fail out within a couple of years, but the big foreign brands that go bankrupt overseas somehow manage to be successful here. *shrug*
The Toys R Us never shut here, and have always been rammed whenever I've gone. AFAIK the global brand died, so I'm not quite sure how the Japan side managed to carry on regardless, and still have access to their own-brand products.
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Cappy
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Post by Cappy on Jan 18, 2024 14:27:09 GMT
If used physical games disappeared from the high streets it would be sad. Some of my most fond memories are scouring through stacks of used PS2 games picking things up just because they piqued my interest due to some aspect like the cover art. I'd never have been able to play somewhat obscure games like Ring of Red, Shadow of Memories or SOS The final Escape (AKA Disaster Report) without a healthy trade-in economy.
I opted for the Gamecube that generation and started looking elsewhere when the games started drying up, so it was all new to me when I jumped to the PS2, I don't think I'll ever have access to so many interesting games for so little money ever again.
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nazo
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Post by nazo on Jan 18, 2024 14:27:43 GMT
People in Japan still use Yahoo, that’s how weird it is.
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Post by zisssou on Jan 18, 2024 14:34:23 GMT
People just stopped shopping in town centres, and have gone to retail parks. Have you attempted to get off one on a weekend? bloody nightmare. Councils are also partly to blame with high rent, and parking charges. You go onto a retail park and it's free.
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Psiloc
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Post by Psiloc on Jan 18, 2024 14:58:12 GMT
The biggest fuckup and the thing that stopped me using them at all was the complete disconnect between their online and bricks and mortar business for *years*. Not being able to click and collect, stock check or even honour the same fucking price rendered them basically useless. Have they finally sorted this then? I read that GAME is now basically surviving on its digital sales, but if the two businesses were still separate I didn't understand how that worked. Makes sense though if they consolidated the two
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EMarkM
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Post by EMarkM on Jan 18, 2024 15:00:47 GMT
"Bring back Special Reserve," I say.
I say that, and then realise that I haven't checked: they might still be going.
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