Retail

Kongregate co-founder Jim Greer has revealed significant growth since Gamestop’s acquisition of the online gaming portal and social network back in July 2010. Greer tells VentureBeat that Kongregate doubled the number of virtual goods-based games on the site, subsequently tripling virtual goods revenue in the last year — adding that …

Apple has revealed record sales numbers for the new iPad launch. The latest in the tech giant’s line of tablets has sold 3 million units since launching last Friday, March 16th. Apple released the new device across 10 countries simultaneously. "The new iPad is a blockbuster with three million sold?the …

MCV has learnt that a number of retailers and suppliers are putting plans and finances in place to ensure they are ready to acquire potentially cut-price assets should GAME go into administration this week. If a deal is not struck by the weekend it is likely that GAME will be …

With any potential deal to save GAME needing to be in place by this weekend, the retailer’s share price has taken a big hit on the markets this morning. Having closed on Friday at 3.072p, GAME’s share price opened at just 2.5p this morning before falling to 1.6p after just …

It appears that GAME’s chief lenders have thrust the retailer back toward the brink of administration by rejecting the offer tabled by Comet owner OpCapita. The Guardian reports that OpCapita’s plan to settle debts with chief lenders such as The Royal Bank of Scotland, as well as 40m worth of …

St. Patrick's Day bundle may be best seller yet

The UK games retail market rallied last week thanks to the release of EA’s Mass Effect 3 and Capcom’s Street Fighter X Tekken. The pair helped break a two-week decline, generating a 47.9 per cent increase in market value to 17.9m. Unit sales rose 27.2 per cent. However, the market …

GAME’s communications boss called me earlier. I am not a popular person at the retailer’s Basingstoke HQ right now. And for good reason. I’ve had hate mail from some of GAME’s 6,000 employees this morning. I am not a popular person at the retailer’s 600 shops right now. And for …

Home Retail Group has revealed that its Argos chain suffered an 8.5 per cent decline in like-for-like sales for the eight weeks ending March 3rd. Overall sales fell 7.7 per cent to 480m. The numbers were apparently driven by the continued weakness in the consumer electronics market”. 12 stores were …

World financial giant Goldman Sachs has become the latest company to swoop for stock in The GAME Group. The purchase was made on March 12th and was publically announced this morning. Goldman Sachs has acquired 13,120,220 shares in the company, entitling it to 3.78 per cent of its voting rights. …