The Joint Administrators of Zavvi UK Ernst & Young has today announced the immediate closure of a further 18 stores. 353 employees have been laid off as a result, bringing the total number of people who have lost their jobs since the firm went into administration to 594. Ernst & …

Games analyst Michael Pachter has predicted that Sony will slash the price of the 80GB PS3 in North America from $399 to $299 this April. The news follows reports in the Japanese press claiming that Sony will report a $1.1bn operating loss for its financial year ending March 31st. The …

GAME has appointed Terry Scicluna as executive director, after joining the firm on October 15th 2008 as chief operating officer. Scicluna joined GAME from Alliance Boots, and has 30 years experience in retail. He has previously worked as managing director of UniChem and as COO at Alliance Pharmacy. He has …

A survey conducted by The British Chambers of Commerce have found that the nations’ economy is in the midst of a frightening deterioration”, with December’s High Street numbers proving the worst since the body began monitoring them in 1989. The BCC went on to predict that official government figures set …

GAME says its trading performance over the Christmas period has defied ‘challenging trading conditions’ showing a rise in group sales of 16 per cent. The games specialist this morning provided an update to investors on its trading over the six weeks around the holiday and 50 weeks up to January …

50. Defying the economyAndrew Brown, Activision UK MD says: I hope that in-home entertainment – and of course video games – proves to be resistant to the economic down turn. As long as demand continues to grow, the market will eventually adjust to the bad news of retail closures.” 49: EA’s …

Nintendo is expecting the nation’s post-Christmas health push to drive sales of Wii Fit in January – but has told MCV that there may be stock shortages during the month. The title, which comes with the Wii Balance Board, secured the No. 10 spot in the ChartTrack/ELSPA Christmas top ten …

Iceland snaps up 51 Woolworths stores Frozen food grocer Iceland has bought 51 former Woolworths stores – and plans to create 2,500 new jobs. According to the BBC, the announcement comes three days after the final 200 Woolworths stores closed their doors for the last time. "We are confident we …

Sure, despite an impressive rise to claim 17 per cent of the software market in 2008, the PS3 has yet to factor greatly in the expansion the trade is celebrating. But despite what the bloggers might want to believe about the PlayStation division being a slaughter-worthy ‘sacred cow’ – as …

Electronic Arts has revealed the release date for The Godfather II has been brought forward to February 27th. It was previously announced the game would makes its UK debut a week later on March 6th, and will feature an exclusive in-game character for those that pre-order from selected retailers. The …