Retail

Online retailer Amazon has reported a sharp drop in net income for the three months ending December 31st. The period saw income of $97m, down significantly from the $177m it reported in the same period last year. Revenues, however, are up from $17.43bn to $21.27bn. Ebooks were credited as the …

65 per cent of DLC sales in GameStop stores are for Microsoft’s Xbox 360, the retailer has revealed. PS3 accounts for 28-30 per cent, with other devices” accounting for the rest. Expect the bulk of those latter sales to be claimed by Steam, which is unsurprisingly gathering momentum. "I would …

With Tomb Raider a little more than a month away from release, distributor E-xpress Interactive has kickstarted the game’s preorder campaign in India. The preorder DLC differs from retailer to retailer. While some retailers are offering the Combat Strike Pack on preorders, others are offering the Explorer Bundle Pack. Combat …

Hilco’s bid for HMV’s debt was not the highest on the table, it has been claimed. The Telegraph reports that the eight-bank syndicate of lenders including RBS and Lloyds who are owed the bulk of HMV’s outstanding debt feared that their reputations would be tarnished were they to turn the …

HMV now looks very likely to survive on the UK High Street – at a price. The Daily Mail reports that Hilco could close around half of HMV’s 223 UK stores in the hope that a streamlined version of the chain can live on. It’s the same strategy that the …

Independent financial adviser John Bloomfield is calling on the Government to take action on store gift cards. The move comes after HMV administrators Deloitte initially announced that it would not allow customers to use gift cards at the troubled chain. However, pressure from government and publicity for a man who …

HMV has seen its footfall reach ‘near Christmas levels’ in recent weeks, following news of the retailer’s administration. The increased publicity – plus the company’s Blue Cross Sale – has resulted in a surge of nostalgia, which has seen consumers return to HMV stores. Meanwhile, Retail-Week is reporting that Hilco …

Online retailer Flipkart is now offering several top Xbox 360 games in combination with Xbox Live Gold subscriptions at discounted rates. Thirteen first-party Xbox 360 games are available now bundled with with three-month Xbox Live subscriptions. The retailer is offering up to 32% off on these combos. Included in the …

The future of HMV on the UK High Street appears to have been saved. HMV Canada owner Hilco has acquired the chain’s debts, giving it control of the company. The Financial Times reports that the move to take control of the money owed to Lloyds and Royal Bank of Scotland …

Deloitte has this morning confirmed it will close at least 160 Blockbusters stores as part of the rental chain’s administration process. Management pre-administration had already planned to shut down around that many stores to shape up finances, but ran out of time before going bust earlier in the week. Deloitte …