GAME Enters Administration, Closes 277 Stores

[Zekrom_cool]

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GAME Group plc. has entered administration.

The retailer filed for administration last week but, due to being unable to find a buyer during this weekend, was officially set into administration yesterday morning. The retailer is still running on loaned time: if it cannot find a proper buyer within the following days or weeks, it can face further store shutdowns and redundancies.The first symptoms that GAME Group was in crisis came the previous month when its X-Mas sales reported lower than expected profits, leading to less credit facility with banks.

Source - http://www.nintendolife.com/news/2012/03/game_enters_administration_closes_277_stores

Mod edit- we have a nice big thread on the matter already.
http://gbatemp.net/topic/323812-gamegamestation-officially-in-administration-as-of-today/