Gainsborough Gamestation shop closes

NEWS: The Gainsborough Standard
NEWS: The Gainsborough Standard

GAINSBOROUGH’S Gamestation store has closed today after parent company Game Group called in administrators.

The video games retailer, which owns Gamestation in Marshall’s Yard, employs around eight people at the store.

A sign in the shop window reads: “This store is now closed. Please go to Lincoln for your nearest Gamestation.”

It is thought around 300 of the GAME and Gamestation outlets will close, some with immediate effect, while a buyer is sought.

The company announced today it had appointed administrators PricewaterhouseCoopers to oversee its accounts and operations.

More than 5,000 people are employed by the games giant across 609 stores in the UK and Ireland, with 1,300 stores worldwide.

It is thought around 300 of the GAME and Gamestation outlets will close, some with immediate effect, while a buyer is sought.

Administrators blamed high fixed costs, an ambitious international expansion and the popularity of online-only retailers for the company’s financial problems.

• For more on this story see this week’s Gainsborough Standard, out Thursday 29th March.