Close
Are you sure? Are you sure you want to report this comment? I understand, report it. Cancel

Retail

Rumour: Walmart eyeing GAME acquisition

Rumour: Walmart eyeing GAME acquisition

Wed 14 Mar 2012 3:17pm GMT / 11:17am EDT / 8:17am PDT
RetailRumour

Massive US retailer thought to be interested in specialist chain, claims report

A report has surfaced which suggests that US retail behemoth Walmart may be interested in acquiring UK specialist retail chain the GAME Group.

A report from trade journal MCV states that the American company, which owns the ASDA supermarket chain in the UK, has already been in touch with GAME about a possible deal.

No source is provided for the story and GAME is refusing to comment on what it calls 'rumour and speculation'.

Ironically, Asda is one of the supermarkets which has been undercutting GAME's market position on major titles with cut-price deals. Walmart itself sells boxed games in the US, so the chain has a well established process of supply in place with distributors and publishers already.

With an annual turnover in excess of $422 billion last year, Walmart certainly has the financial clout to consider a buyout. With another likely candidate for a purchase, GameStop, waiting in the wings, perhaps Walmart's declaration could be the move which galvanises the decision making progress.

If they do intend to make a move before administrators move in, they had better hurry. A further report from MCV is also claiming that the chain is expected to go under on March 24, the day before the rent is due on many of the company's properties, if a buyer does not come forward.

Again, GAME has deferred comment.

2 Comments

Peter Dwyer
Games Designer/Developer

458 254 0.6
Dear walmart,

Please buy game. Remove the nonsense second hand emphasis (I can always go to CEX for that) and get them back to selling games at 34 quid.

They are real cheap at the moment and I'm sure you'll like their flagship store in Oxford street a lot......it has windows if that helps.....

Posted:2 years ago

#1

Thomas Dolby
Project Manager / Lead Programmer

319 253 0.8
I guess I wouldn't mind them taking over GAME, ASDA do pretty well on game prices (for high street retail anyway).

Posted:2 years ago

#2

Login or register to post

Take part in the GamesIndustry community

Register now