PC World and Currys parent DSGi has axed its dividend to preserve liquidity, after being hit with a 29.8 million pre-tax loss for the first six months of the year. Comparatively, the group made a 52.5 million profit during the same period last year. The firm says it hasn’t made …

North American publisher THQ has confirmed that the PS3 version of its upcoming Destroy All Humans: Path of the Furon has been abandoned. The publisher confirmed to Shacknews that development issues” were the reason behind the decision, which incidentally means that the title has now become an Xbox 360 exclusive. …

Woolworths is ‘a few desperate hours of negotiation’ away from administration. That’s according to The Times, which quotes sources saying ‘administration is the most likely option as the retailer scrabbles to find sufficient funds to pay its monthly wage bill’. However MCV can confirm that the chain’s games buying team …

Specialist retail chain Gamestation has announced it will open its 250th store in Meadowhall, Sheffield on Friday November 28th. The fastest growing games retailer will kick off proceedings on Thursday with an exclusive preview party, before the store opens to the public at 9am on Friday. The first 50 customers …

CEO claims that global games retailer will give out $800 million worth of trade-in credit notes this year

The CEO of leading North American and global games retailer GameStop has insisted that the pre-owned sector is a vital element in the market for new games, and that moves from publishers to limit the ‘transferability’ of titles are a ‘bone of contention’ for consumers. Speaking to Gamasutra, CEO Dan …

Trading in the shares of the Woolworths Group has been suspended on the London Stock Exchange. The company said trading would resume once it had announced whether it would be selling its BBC show distribution service and its chain of retail stores. In a statement, the firm’s Board also confirmed …

Professor Layton and the Curious Village has gone missing from store shelves as Nintendo struggle to supply the sensational demand for its DS hit. The game has sold out online at GAME, HMV, Gameplay, Zavvi and Shopto and stock is limited on the High Street. Consumers are now selling their …

Woolworths has rubbished reports that it is planning to shut down its retail website. Retail Week reported earlier today that the chain was to stop selling toys online – and that it was eventually planning to take down the site altogether. However, a spokesperson told MCV: Reports that we are …

This time last year we began to understand that US sub-prime mortgages had infected the entire financial system, bringing on an acute case of credit crunch. Markets have fallen ever since, as relief at the unprecedented global government assistance that’s been doled out at what’s left of the banking industry …