It looks like UK retailer Grainger Games is done for. After ending up in deep financial trouble and looking for investors in the last couple of weeks, their website has gone offline and all of its store have now closed.
Eurogamer reported yesterday that an email had been sent to roughly a third of the company’s 67 stores telling them not to open. That email then went out to all the remaining stores this morning, and read as follows:
We regret to inform you that we require you to close your store imminently due to the ongoing issues surrounding the business’s critical financial situation.
Your store will unfortunately be closed as of today. Please DO NOT open your store this morning.
The business is still in discussions with potential bidders but unfortunately even though we have tried to avoid this situation your store could not be included as any part of any future bids therefore we have been left with no other choice than to cease trading as from today 28/03/2018.
Staff in your stores will be paid for all hours worked through until [Saturday] 31st of March and we require you to assist us with this shutdown process using those hours.
There will also not be any closing down sales, but rather all stock will be packed up and returned. Unfulfilled orders for games are a mystery, but sounds like they’ll be dropping into the void of the company going under.
This naturally means that the 400 people that were employed by the company are out of work as of this weekend. We naturally wish them all the best in finding new work.
Grainger Games is the latest victim in a fresh spate of retail stores folding in early 2018, following in the footsteps of Toys R Us and Maplin.