Oh dear. Just as we thought the worst of the recession was behind us, and that the game industry was one of the survivors over the last 2 years, comes this.
GAME has confirmed it will close 43 stores, laying off 247 staff across its UK operations.
The news comes after the company had seen its sales over the Christmas period, fall by 18%.
They will close 12 GAME stores, all 25 stores based in branches of Debenhams, and 6 Gamestation stores. Tough market conditions coming in 2010 are to blame for the closures.
In a statement to Gamesindustry.biz, the company said: "The majority of the identified sites are located close to another one of our stores, and we will help each customer affected by a closure to transfer to their nearest store as well as our online offerings,"
"We will provide extensive support to the teams in each store. However, with deep regret, we have had to offer redundancy to 247 employees. We will do our utmost to redeploy roles if possible, and have started consulting with all affected employees in the 43 sites."
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