Retail

Argos’ parent company Home Retail Group has reported a drop in full year profits. The firm has cited the tough retail conditions and a decline in gaming as reasons for the drop. Sales are down three per cent to 5,852 million and its profits are down 13 per cent to …

Retail powerhouse Tesco has reported a surge in profits for its financial year ending February 28th 2011. Group sales climbed 8.1 per cent to 67.6bn, with profit jumping 12.3 per cent to 3.8bn. Asian profit was up 30 per cent year-on-year which helped offset the disappointing UK performance, which accounts …

Almost one million fewer games were sold at UK retail last month compared to the same period in 2010. The latest figures from GfK Chart-Track paints a bleak picture of the UK games market. In total, 19.3 per cent fewer games were sold last month compared to March 2010, with …

I was sitting in a conference last month listening to a big retail exec discuss the future of video games. He spoke about no longer selling discs, but rather the rights to access content. He discussed streaming services and DLC. He even suggested bundling Xbox games with PS3 titles. But …

Desperate to be a part of the royal wedding? Of course you are. And thanks to Miniclip.com, you can be. The casual game developer has released Royal Wedding: William & Kate as a browser-based game that you can find here. So what genre is it? Perhaps you’re thinking first-person adventure, …

While the internet is buzzing with mutterings about Wii 2 and Xbox 720, David Reeves is hoping the future of the console market will be much simpler. In an interview with MCV, the European COO for Capcom said he’d rather have a single games platform to work with – although …

Tesco’s new games boss says the grocer goliath can expand the market in ways HMV and GAME cannot. In an interview with MCV, senior buying manager Sarah Kaye insisted a ‘level playing field’ between specialists and supermarkets can help grow the games market in the face of a tough economy. …

Financial analysts have hit back at a damning Goldman Sach’s report on retailer GAME. John Stevenson from Peel Hunt and David Jeary from Investec have said GAME’s recent Strategy Update shows the company is doing the right things to ensure future profitability. Their statements follow a report from Goldman Sachs, …

The average price of a video game last year was 24.32, Chart-Track data has revealed. That number is a 7.2 per cent increase over 2009, where the average price was just 22.69. Surprisingly, it was supermarkets that increased prices the most. The average price of a game at a grocer …

HMV has launched a new Android and iPhone app that tells gamers how much their games are worth. Players can scan the barcode of their game (or in-put the details manually) and they app will come back with the most up-to-date price the gamer can expect to receive if they …