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Play.com Leaving Retail

U.K.-based game/media store Play.com is closing its retail operations, reports MCV, saying the company will live up to its name as an online-only e-tailer as of March. More than 200 jobs will be lost as a result of the closure, which comes just months after the company was purchased by Japanese firm Rakuten. Apparently the company is suffering a downturn due to the end of their ability to offer VAT-free imports on lower-cost items.

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2. Re: Play.com Leaving Retail Jan 9, 2013, 11:05 Creston
 
Government logic: "Dammit, that store is selling stuff without VAT / sales tax on it! We have to get sales tax out of them, we're losing out on billions in revenue!"

*Government implements stupid new laws, force store to charge sales tax / VAT.*
*store closes, several hundred / thousand jobs lost.*
*unemployed people apply for wellfare.*

Government: "There! Job well done, guys! What are we doing for lunch? hookers and blow?"


:slow clap:

Creston
 
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