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Tag Archives: martyn gibbs

GAME’s UK Christmas takings up 2.9% thanks to Switch, VR and Xbox One X

Christmas 2017 was undoubtedly a happier period than last year. GAME today reported that its GTV figure (Gross Transaction Value) over the peak trading period (1st November to 6th of January) was up by 2.9 per cent. Something it attributed to a stronger hardware lineup and superior games. Martyn Gibbs, …

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GAME sells Multiplay Digital to Unity

Unity has acquired GAME’s Multiplay Digital business for £19m, the High Street retailer announced this morning, with an initial transaction of £17.1m and £1.9m in escrow for 19 months. GAME initially acquired Multiplay in March 2015 for £20m. The company runs Insomnia and GAME’s Belong arenas, with Multiplay Digital being …

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GAME sales up nearly 7% year-on-year

Retailer GAME just published its financial results for the year period ending July 29th 2017 and has seen some growth following the positive impact of the Switch launch, the report said. Sales at the High Street retailer in the UK were up 6.8 per cent year-on-year and 8.8 per cent …

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More giant stores planned as GAME targets ten ‘arenas’

Ten more video game arenas will pop up in GAME stores across the country, the firm has confirmed. It follows the launch of the Multiplay Arena at the GAME Trafford Centre. These sections are designed to let players compete in tournaments utilising powerful gaming PCs, and the retailer says it …

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GAME: PS3 and 360 are now ‘played through’

It appears that time is finally up for PlayStation 3 and Xbox 360. GAME says that the collapse in sales of these two formats have been one of the main reasons behind the retailer’s recent disappointing financial results. Our results were impacted by the UK console market in transition from …

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‘Nintendo NX will be a major event’ says GAME

GAME boss Martyn Gibbs says Nintendo’s comeback next year will be a ‘major event’. Nintendo plans to debut its NX console in March 2017 and the UK retail boss is optimistic following the reception to Pokmon Go on iOS and Android. In terms of looking forward, we are positive because …

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GAME prepares trade-in push around PS4 Pro and Scorpio

Mid-cycle console upgrades will be a boon for specialist retail, says GAME. The firm told MCV that it expects existing PS4 and Xbox One owners to trade-in their old consoles against the upcoming PS4 Pro and Xbox One Scorpio. This in turn will see more pre-owned consoles sold, resulting in …

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GAME dismisses cash concerns ahead of crucial Q4

Troubled UK retailer GAME has brushed off concerns over its finances, telling MCV it has the money to do ‘the most significant console launches you could ever imagine’. In May, GAME said that a review by major credit insurers had resulted in the reduction or removal of significant levels of …

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GAME’s CEO on surviving the turbulent games industry

Just before Christmas GAME warned its shareholders that sales had been lower than expected. The news of a disappointing festive period can be a critical blow to any retailer, but especially to one in a market like video games, which is so heavily dependant on Q4. The profit warning was …

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