Retail threatened by credit ‘crisis’

The UK High Street is battling to prevent a nationwide games stock shortage – as credit insurers cut cover against the industry’s biggest retailers. MCV understands that credit insurers including Atradius, Coface and Euler Hermes have slashed cover on stock sold in to some retailers – including Toys R Us, …

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Apple reports record results

The sad news of Steve Jobs’ departure has been quickly forgotten at Apple as the leading lifestyle technology company reported record results for the three months ending December 2008. Apple sold 7.3bn worth of products in the period, making 1.1bn of profit in the process – both results were all-time …

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eBay suffers steep Q4 income drop

Internet auction giant eBay has revealed that revenues for Q4 2008 were down seven per cent on the same period in 2007, reaching $2.04bn – far lower than analysts had predicted. Worse still, revenue for Q4 was down a hefty 31 per cent on the quarter before. We’ve been operating …

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Currys and PC World merger trialled

PC World and Currys parent DSGi has launched a trial store combining both brands. The site, based in Surry, is understood to be 15,000 square foot and contains a product mix incorporating both retailer’s portfolios. This is in line with a general revamp across all brands MCV’s sister site PC …

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SCEE has no plans to reduce headcount

SCE has confirmed to MCV that it has no plans to reduce the headcount of its European operations as part of Sony’s worldwide cost-saving restructuring efforts. The assurance follows the news that Sony has revised its earnings forecast and increased its predicted losses for the year ending March 31st. It …

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Mario & Sonic Olympics 2 in development?

A source close to MCV’s sister site CasualGaming.biz has indicated that Sega is working on Mario & Sonic at the Winter Olympics. Based on the upcoming Vancouver Winter Olympics 2010, the game looks to follow the success it has enjoyed with Mario & Sonic at the Olympic Games, which was …

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