Retail

Pre-owned sales could account for close to a third of GAME’s revenue in 12 months’ time – as the firm looks forward to another year of double-digit growth for its trade-in business. In alarming news for publishers, pre-owned generated 25.7 per cent of the firm’s revenues in a tough H1 …

Joystiq is reporting that US retail chain Game Crazy will close 200 stores by the end of October. The outlet has approximately 680 locations throughout the US with some of the stores attached to rental chain Hollywood Video. However, the rental stores are set to remain unaffected by the closures. …

Children’s Hospices UK has signed a new fundraising partnership with GAME Group. The agreement will see GAME and Gamestation stores raising money over the next two years for the UK’s network of 41 children’s hospices. All funds raised will go towards teenage activity weekends at hospices across the country. The …

In what has become an annual ritual at UK retail, this Friday’s release of FIFA 10 looks likely to spark a fierce price war at the nation’s supermarkets. Though we’ve yet to receive final confirmation from any individual chain, reports are suggesting that Tesco will be selling the Xbox 360 …

Sports Interactive studio head Miles Jacobson has insisted he is fully committed to retail partnerships – after announcing that the Steam edition of FM10 will come with exclusive bonus content. In an exclusive deal with Valve, the upcoming Steam version of Football Manager 10 will be bundled with Sega’s acclaimed …

Activision will redefine what constitutes a blockbuster when Modern Warfare 2 lands in just a matter of weeks. The Call of Duty title is riding a wave of hype and mounting pre-orders. Many are now saying the third week of November could represent the most lucrative sales spike ever for …

HMV hopes to use its stake in digital delivery service 7Digital to take on the likes of Steam and Metaboli. The retailer acquired a 50 per cent stake in 7Digital last week, for 7.7 million in cash. The London-based firm has a catalogue of over six million digital music tracks …

Namco Bandai has told MCV its will spend in excess of 1 million on marketing for its upcoming beat-‘em-up, Tekken 6. The company has prepared an extensive campaign, incorporating print, online and TV advertising, as well as the use of social media and sampling to drive sales for the game …

GAME Group has reported that its pre-owned sales have jumped to 177 million for the six months ending July 31st. It is a 12.3 per cent increase over 2008’s figure of 157.8 million, and means that pre-owned sales accounted for 25.7 per cent of the company’s first half sales. Last …

GAME Group’s profits have fallen from 35.5 million to 14.5 million for the six months ending July 31st, a drop of 60 per cent. The fall is in line with company expectations, while sales have dipped seven per cent to 690.8 million and like-for-like sales were down 16.3 per cent. …