GameStation on Sutton High Street closed

Croydon Guardian: GameStation closes on Sutton High Street GameStation closes on Sutton High Street

Gamestation has reportedly shut its doors in Sutton High Street following the company entering administration.

Its sister company, Game, also on the High Street, received a phone call at about 2.30pm confirming the store was to stay open.

It was announced this morning that the Game Group, which owns the stores, had gone into administration.

The group, with a turnover of £1,625m in the year to January 31, currently has 609 stores throughout the UK and Ireland.

Its head office is in Basingstoke with operations in the UK and Ireland, Spain, Portugal, France, Czech Republic and Australia.

It employs 385 people based in the group’s head office in Basingstoke and 5,136 store employees across the UK and Ireland - including about 33 in Croydon.

Mike Jervis, joint administrator and partner at PwC, said: "The group has faced serious cashflow and profit issues over the recent past.

"It also has suffered from high fixed costs, an ambitious international roll-out and fluctuating working capital requirements.

"Despite these challenges, we believe that there is room for a specialist game retailer in the territories in which it operates, including its biggest one, the UK.

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"As a result we are hopeful that a going concern sale of the business is achievable."

Comments (3)

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10:11pm Mon 26 Mar 12

Monstermunch17 says...

Let's put a coffee shop in it's place, could do with one of them.
Let's put a coffee shop in it's place, could do with one of them. Monstermunch17

7:59am Tue 27 Mar 12

lordofzombies says...

its a shame ever since they stopped selling old SNES and NES games. would have used it more.
its a shame ever since they stopped selling old SNES and NES games. would have used it more. lordofzombies

8:18pm Wed 28 Mar 12

local_lass says...

i feel that this end of the high street is being forgotten and there are still some good small business trading there who need some help attracting new customers. So much money has been spent on the high street but for whose benefit? I see plans are now being made to adorn the high street with olympic banners and such like...why? The council needs to seriously look at the actual footfall of our high street and which types of businesses are needed to fill the empty units....definately not coffee shops or money lending!!
i feel that this end of the high street is being forgotten and there are still some good small business trading there who need some help attracting new customers. So much money has been spent on the high street but for whose benefit? I see plans are now being made to adorn the high street with olympic banners and such like...why? The council needs to seriously look at the actual footfall of our high street and which types of businesses are needed to fill the empty units....definately not coffee shops or money lending!! local_lass

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