EA Expresses Concerns Over European Retail Partner
EA’s boss John Riccitello has said “We are concerned with the financial condition of one of our major European retail partners, which could lead to both increased bad debt and lost sales.” Considering current state of affairs and in terms of recent news, it could be that Riccitello is referring to GAME.
EA’s Chief financial officer 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.” This indicates that if the retailer cannot solve the issue, it could result in a poor result for EA in the last part of the economic year.
Could this mean that EA may buy up part of this European retail partner?