The store Microplay, considered the Blockbuster of video games, ran with the same fate and came to an end, announcing that they are in a “voluntary liquidation bankruptcy procedure”which in simple words translates into a bankruptcy processas reported by the media Tarreo.com who shared the company statement.
“It has become impossible for us to continue with the company… the liquidation process has begun in order to liquidate all the company’s assets and pay all creditors”they indicated in the statement.
In addition, they indicated that the reasons for the closure are mainly due to “a strong drop in sales, an increase in the price of the dollar, and in costs…we managed to keep the operation going, despite the social outbreak, the health crisis and the current world crisis, where the drop in demand is more and more noticeablethey reported, given the threat of a possible recession for 2023 and 2024.
Due to this, with the liquidation they will be in charge of fulfilling the labor and social security obligations of the company.
“Overpriced”
On social networks, the news did not go unnoticed and there were several who commented on the break, pointing out that they did not know how to adapt to the new times, as happened to the movie rental brands.
“Microplay killed itself, it’s not just digital competition, they did not know how to adapt to the market and the competition offering normal prices kill them, not even there with paying 65 lucas for the pokemon”, “Tell the bio and euro stores that they sell you the same starting titles for 15-20 lucas less, why talk about the older games that at least in play, I found them all at 10 lucas, microplay them holds over 40″, “Microplay had the dollar at about 4 Lucas seriously thought that people were going to continue paying overprice No matter how easy you are looking for it, you can find it cheaper elsewhere and without messing around with the guarantee”