Like everyone who subscribes to the Webway, GW’s online e-newsletter, I was alerted to the opening of a new store in Oak Park, Illinois. The announcement declared the grand opening wouldn’t occur when GW originally promised. I won’t get into the irony of a GW store grand opening not happening when promised right now.
I also won’t get into my surprise at GW opening a store in Oak Park. I’ve never heard of Oak Park before and I don’t keep abreast of GW’s growth of retail stores. I was, however, amazed on reading that GW is opening another store.
Back in January, the Guardian Unlimited (a newspaper from the U.K.) had a story about GW’s profit warning. In that article it is stated that GW opened 15 new retail stores in the first half (of the fiscal year) and closed 8 of those. This means that Games Workshop is able to only keep less than 50% of new stores open. With odds like this the store in Oak Park has a 1 in 2 chance of closing even before its grand opening, which will be June 21st, and what kind of business model is that for a company?