
Game UK: EA Boss Reveals 'Major European Retailer' Concerns
Tom Hopkins
EA's John Riccitiello concerned that financial condition of retail partner could lead to "increased bad debt and lost sales".
Published on Feb 2, 2012
Mass Effect 3, Syndicate and SSX publisher EA has admitted to concerns over the financial stability of a "major European retail partner" during n investor call last night.
Yesterday, NowGamer broke the story that Game Group, which claims to be "Europe’s leading video games retailer" and has 1,300 Game and Game Station stores worldwide, had Credit Insurance issues with publishers which could affect the stock of new titles going forward.
Comments from EA CEO John Riccitiello appeared to echo that. "We are concerned with the financial condition of one of our major European retail partners," Riccitiello told investors, adding that the situation "could lead to both increased bad debt and lost sales."
EA's CFO, Eric Brown, added: "We are focused on some isolated European retailer issues that have recently been announced. A negative outcome could adversely affect our Q4 results."
Game told NowGamer yesterday that it would have this week's new releases on shelves and is in constant communication with "supportive" publishing partners.
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