Retail

The Business Secretary Vince Cable has launched an investigation of the circumstances surrounding OpCapita’s acquisition of Comet and the chain’s subsequent collapse. The decision comes amidst growing unease about OpCapita owner Henry Jackson who will reportedly pocket some 50m as Comet prepares to close its doors today. Other reports claim …

UK retailers sold 2,075,634 games last week, generating over 50m in revenue. Sales have been steadily rising throughout December as Christmas approaches, and last week sales were driven by significant price reductions on games such as Medal of Honor, Halo, Hitman, Need for Speed and more. Unit sales rose 11 …

HMV’s admission last week that it may well breach its bank lender covenant has led to a weekend of fervent speculation in the media. Retail Week reports that Apollo Global Management last week acquired ten per cent from Allied Irish Banks, sparking rumours that it is lining up an acquisition. …

A new free digital guide to international markets is available to download now. MCV has published a comprehensive publication exploring the world’s most promising and lucrative territories. And it’s available for free. Around the World with MCV, in association with Click Entertainment, is free to download on your iPad or …

Think this year’s Xmas No.1 in games will be Call of Duty or FIFA? It is more likely to be Angry Birds or Minecraft. Xbox Live, Steam, iOS, PSN and the rest are expecting a surge in downloads on December 25th, as gamers receive consoles, tablets, PCs and points cards …

Brand new video games are being sold for less than 20, as publishers and retailers fear a disappointing Christmas. New titles such as WWE ’13 and Hitman Absolution, both of which were released just last month, are already being sold for 19.99 as part of ‘special promotions’. The price discounting …

Online games retailer Nextworld doesn’t think we’re going to be around long enough to see Christmas, so it’s instead offering a sitewide ‘End of the World’sale. From now until 21st December, all products at Nextworld are being discounted anywhere from 6.66% to 15%. Simply use the EOW2112 promo code at …

HMV has warned it will probably breach its lender covenants in January. The firm reported a 36.1m loss for the 26 weeks ending October 27th. But says it is having ‘constructive discussions’ with its banks. This isn’t as severe as last year’s loss of 50.1m, and the firm says it …

Several games and DLC are now on sale as part of the PlayStation Store’s festive sale. Games available on discount include 007 Legends, Tony Hawk’s Pro Skater HD, The Amazing Spider-Man, F1 Race Stars and Prototype 2. DLC for Sleeping Dogs is also on sale. PlayStation Plus subscribers receive additional …

Music labels and other entertainment suppliers are backing HMV with more than 40m of funding in the run-up to Christmas. That’s according toThe Telegraph, which reports that the financial boost is in addition to other measures secured last year between HMV and its suppliers in order to keep th retailer …