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Retail

GAME loses Capcom and Tecmo Koei titles

GAME loses Capcom and Tecmo Koei titles

Tue 13 Mar 2012 10:40am GMT / 6:40am EDT / 3:40am PDT
Retail

Update: TIGA's Dr Richard Wilson's comments on retailer in crisis

Troubled retailer GAME will not stock Capcom's Resident Evil: Operation Raccoon City or Tecmo Koei's Ninja Gaiden 3 and Warriors Orochi 3.

GAME confirmed the Capcom news to Eurogamer, while Tecmo Koei Europe made an official statement explaining the titles "will not be available through GAME and Gamestation retail outlets or online in the UK and Ireland."

"Customers who have already pre-ordered Ninja Gaiden 3 and Warriors Orochi 3 are kindly asked to re-order their copies from another retailer."

It also said customers should contact GAME or Gamestation for pre-order refunds.

Capcom has been contacted for comment.

Yesterday The Game Group share price fluctuated as investors dumped stock, while the company issued a statement in response to a Times story that it was for sale.

Staff have reportedly ready been warned to prepare for administration, and GAME and Gamestation stores across the country are cutting prices across all current stock.

UPDATE

Dr Richard Wilson of UK trade body TIGA has wished the company's 6000 employees luck, and shared his thoughts on the current situation.

"GAME's difficulties are due to a combination of factors: the economic downturn which has hit the high street generally; intense competition from other physical and online retailers; the decision by big global publishers not to stock GAME with new releases; and the shift by consumers from purchasing boxed products to digital games."

"Retail sales of video games have declined for four consecutive years, as consumers change their spending habits."

He also stated that TIGA research showed 80 per cent of new developers have some level of digital gaming on their books, and suggested the retailer's plight will only strengthen that trend.

"The UK has an increasing number of exciting new small to medium sized digital publishers who are growing stronger all the time," added TIGA board member Patrick O'Luanaigh.

"TIGA are working hard to support this growth in a variety of ways, as well as talking to the Government about policies that can help these companies expand and become the large publishers of the future."

15 Comments

Morville O'Driscoll
Games Blogger & Journalist

1,484 1,252 0.8
Huh... Bad to worse. I was in the local Gamestation yesterday, and a member of staff was chatting with a customer, saying "Oh, no, we'll get Resident Evil in... They'd have told us otherwise if we weren't".

Posted:2 years ago

#1
Looks like days left rather than weeks or months now. They should just turn the life support off.

Posted:2 years ago

#2

Greg Knight
Freelance Developer

54 48 0.9
Looks like a concerted effort by publishing to kill them off for good whilst they have the chance.

Posted:2 years ago

#3

John Donnelly
Quality Assurance

313 38 0.1
The main reason is that the publishers dont want to lose the stock sold to Game on credit only to have it liquidated once the chain goes in to administration to pay other creditors.

It is harming Game more and more but the writting is on the wall that they are in in the brown stuff and are not getting out it any time soon.

Posted:2 years ago

#4
Its pretty grim slow mo car crash. I think, perhaps its a realistic moment to either restructure by selling off 90% of its portfolio or for the inevitable to occur via flatlining.

Posted:2 years ago

#5
I don't think any publisher would close off a distribution avenue without good reason, even if from the outside it seems like everyone is kicking The GAME Group when it's down. As John suggests, I imagine the threat of liquidation is the major factor here.

I'd kill to see some figures for the amount of people suddenly turning up and cashing in their trade in credits. I know I have.

Posted:2 years ago

#6

Peter Dwyer
Games Designer/Developer

481 290 0.6
In the imortal words of Kirk "Minutes instead of hours, hours instead of days". I'll mourn Game's passing but, hopefully it get's replaced with a few gamestops. Othwerwise a third of the british games market just left town without paying!

Posted:2 years ago

#7

Morville O'Driscoll
Games Blogger & Journalist

1,484 1,252 0.8
"Othwerwise a third of the british games market just left town without paying!"

Yech. Hyperbole ftl. Game in Sheffield is 8 doors up and across the street from HMV. You really think people won't go to HMV instead? Hell, they even do pre-owned.

Posted:2 years ago

#8

Ian Brown
IT Developer / IT Infrastructure

107 26 0.2
Yep, I bought Unit 13 on Vita just to get rid of my points while there was some value left in them. Oh and I saved a fiver by them not being able to stock ME3 & Street Fighter X Tekken.

Posted:2 years ago

#9

Liam Farrell

66 13 0.2
Fingers crossed for the "going into administration" sale. I wonder if I could pick up a 360 hard drive is I bung one of the staff 20 pounds?

Posted:2 years ago

#10

Adam Campbell
Associate Producer

1,136 914 0.8
Its over.

Posted:2 years ago

#11

Ken Addeh

37 0 0.0
I got a small 10 voucher for a birthday prezzie last month...I better USE it.

Posted:2 years ago

#12

Peter Dwyer
Games Designer/Developer

481 290 0.6
@Morville

Whether you like it or not Game represented fully a third of the UK games market. I doubt that had anything to do with being 8 doors down from your local HMV!

The true test will come when the shops close and HMV finds itself in the same situation, what with it not being much healthier than Game at this stage.

Posted:2 years ago

#13

Morville O'Driscoll
Games Blogger & Journalist

1,484 1,252 0.8
@ Peter

Yes, it did indeed represent one-third of the games market. But what I inferred from your comment was that one-third would just wander out of town without purchasing anything. I was pointing out that that is very unlikely; even if some of that number do indeed decide not to purchase a game from the High Street, they may still buy it online.

As for the health of HMV, as Tom rightly points out, HMV could make a killing here. You say it's not much healthier than Game, but it has (for the time being) sorted out its credit issues with suppliers, and the influx of one-time-Game customers could actually help it greatly over the next few months.

Posted:2 years ago

#14

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