Another games retailer bites the dust to the loss of over 200 jobs.
According to a report on MCV, online entertainment retailer Play.com is radically altering its business this March by no longer selling goods directly to customers. From that point on, the website will function more akin to an online marketplace like eBay, with users themselves buying and selling items at their leisure.
Before being taken over by the Rakuten group, Play.com had a massive online market share when it came to selling games and was known for offering new titles at the cheapest prices, but the retailer has struggled since the UK government closed a tax loophole which allowed Jersey businesses to escape paying VAT on items costing less than £15 last year.
214 jobs have been lost due to this decision being made, 147 in Jersey itself and 67 across Play.com’s Cambridge and Bristol offices.
We wish to extend our condolences to all those affected.
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