Retailers: crisis and concerned about the European situation
Riccitiello has expressed concern over "the financial situation of one of our major European partners in retail that could lead to an increase in debt and a loss in sales" . To confirm the situation was then Eric Brown has provided a framework even more negative: "we are focusing on some isolated problems from some retailer in Europe. A negative result may influence the results of the fourth quarter " . At the end of this meeting we immediately thought of a GAME as in earlier days there was talk of economic problems and debt for the world's largest chain of video games in the United Kingdom, but Brown also spoke in the plural in referring to the retailer.
A few hours after the first rumors, confirmed in a statement it would reorganize the company, possibly resizing its presence and remaining only in Europe where it is the market leader, as well as the United Kingdom, Spain, Scandinavia and is fourth in Czech Republic and France and Australia. However, the GAME is not only to put a hand to their accounts: Gamestop has recently closed all its shops in Northern Ireland and in Portugal by postponing all consumers to their sites to keep promotions and gift card attached. Despite this, in the last quarter, Gamestop had claimed to have improved even more performance in Italy and France by opening 25 new stores and closed only those activities which were loss-making but staying on the market with an online store.
If Italy does not seem to be affected by the crisis of the major video chains, the situation seems to be generally negative: in a future where digital delivery takes more and more foot in those territories attained by an adequate bandwidth to cover the service and increases competition from online store, physical retailers must now cope with the crisis. The market will recover or will always be more ideal way of e-commerce?