A new report suggests that several suppliers have this afternoon engaged in negotiations with GAME today to try and agree new supply terms.
According to MCV, if a deal cannot be struck and GAME fails to pay its rent bill this weekend, then the chain could close down as early as Monday.
“We all want a strong specialist to survive, not a lame duck just bumbling along – that would be pointless. Somehow, we’ve got to find a way,” said one supplier to MCV.
“And one thing’s for sure, whatever happens there won’t be 600 stores in the UK. There has to be reduction in store count. And the real shame about that is the fact that it’s not the UK or Spain that has caused this predicament. It is France, Australia and Scandinivia that has been losing big money for a long time.
“You have to wonder why someone somewhere within GAME didn’t notice that and do something about it sooner. Those stores should have been closed.”
We hope for the sake of people’s jobs that GAME manage to survive, but it’s not really looking good at the moment.