Looks like Electronic Arts aren’t too happy about a certain “major european retail partner”, reports this morning suggesting that company boss John Riccitiello isn’t feeling all that confident.
He doesn’t specifically name GAME, but after reports yesterday mentioned their current financial situation, it’s not hard to make the assumption that that’s who he’s referring to.
“We are concerned with the financial condition of one of our major European retail partners,” said Riccitiello during an investors conference call overnight, “which could lead to both increased bad debt and lost sales.”
“We are focused on some isolated European retailer issues that have recently been announced,” added Chief Financial Officer Eric Brown. “A negative outcome could adversely affect our Q4 results.”
GAME yesterday was apparently cutting back on Mass Effect 3 pre-orders.