Retail

It is an end of an era. CHIPSWORLD has closed all 12 of its company-owned stores and has made its staff redundant. The indie chain has been jointly run by Nik Agar and Don McCabe for 24 years. But it’s not quite all over for the brand. CHIPS’ franchise business …

Though the price GameStop paid for casual games portal giant Kongregate wasn’t divulged as part of the surprise announcement of the acquisition earlier today, one analyst has had a stab at guessing the figure. We view the acquisition of Kongregate as a slight positive for GameStop,” Wedbush Morgan’s Michael Pachter …

CHIPS has closed all of its company-owned stores today. However, the company has denied it is in administration and will issue a statement clarifying the situation later today. The development only affects its 12 company-owned stores. The firm’s 14 franchised outlets are unaffected by any developments at Chipsworld ltd. We …

Growing retail force HMV’s grand plans to become a ‘superbrand’ in the entertainment sector have taken a big step forward today with the launch of a brand new digital music service, hmvdigital.com. The new portal is the first concrete development to emerge from the acquisition of digital delivery service 7Digital …

Sony, HMV and THQ have hit back at the retailers calling for lower-priced video games. Key execs claim publishers risk devaluing their products if they were to give in to demands from companies such as Sainsbury’s. The supermarket chain told suppliers to slash the price of video games at its …

Writing about HMV is a welcome change to all the doom and gloom surrounding retail at the moment. Their profits? Up. Their store count? Increasing. Whereas the rest of retail talks of consolidation and decline, HMV is enjoying expansion and growth. And the reason for this success? Well, the loss …

Video games will play a major part in HMV’s ambition to become an ‘entertainment superbrand.’ The firm wants to be seen as more than just a retailer, and already sells music tickets, owns music venues and cinemas. And during its entertainment conference last week, the retailer called upon the games …

All Argos stores will offer a video game trade-in service from Saturday July 24th. The pre-owned offer coincides with the launch of the firm’s 74th Argos catalogue. Customers will have the chance to trade in around 250 different titles for Argos gift cards that can be spent on any product …

After a successful couple of years at Camden’s Jongleurs, the games media’s big night out is moving upmarket – but will still stop short of being ‘formal’. Now at The Bloomsbury Ballroom in London, the event will be able to accommodate a larger audience, meaning more journalists and industry guests. …

Having been caught up in a minor controversy surrounding its pre-owned intentions last week, GameStop CEO Paul Raines has asserted the chain’s commitment to the pre-owned model – and issued a warning to the many retailers hoping to muscle in on the sector. Used games is a great business for …