Game Discount World Limited, which operates Game Store in Nigeria, has announced plans to close its stores and exit the Nigerian market by December 25, 2022.
The company had planned to sell its Nigerian assets to Xanderwill Limited, but it has since announced that it will empty all of its stores through a stock clearance sale.
The Vice President of Merchandise at Game, Neville Hatfield, who signed the letter, explained the decision:
“On October 4, 2022, we notified you that we had initiated potential Game store closure consultations with our staff members in Nigeria. These consultations follow a decision to discontinue the process to sell our Game Stores in Nigeria to Xanderwill Limited.
“We also committed to providing you with a further update as soon as we had clarity on the way forward, following consultations with our staff, which have now been completed. Unfortunately, in the present circumstances, we feel that there are no reasonable alternatives to store closure.
This has been an exceptionally difficult decision to take and we recognise that it will be a source of disappointment for many. In the case of Game staff members, our undertaking is to provide severance packages in recognition of their service to our company.
“Similarly, we will meet our outstanding commercial commitments to our business partners in Nigeria. In terms of immediate next steps, it is our intention to initiate a stock clearance sale in our stores in Nigeria.
“We anticipate that the last trading day for Game Nigeria will be on 25 December 2022. We will contact you within the next weeks to finalise commercial expectations and arrangements with yourselves. Thank you for your service to Game Nigeria, we are so sorry that we have been unable to continue our operations in your country.”