financialdanger
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33% of UK game stores in 'financial danger'
MCV reports that new research by a marketing group finds that 33% of UK game retail companies are "in financial danger." Companies like GAME, Gamestation, Blockbuster and Woolworths (seriously, still got those over there?) are "blatantly selling at a loss to capture market share." Pre-tax profit was found to be 0.7% and growth stood at 8%.Meanwhile, GameStop continues to have record growth and profits. All these other companies need to do is copy GameStop's Rules of Acquisition and they should be all clear. Pay minimum wage, deal in used goods, and make insane amounts of money on pre-orders. That's the way to profit.
