MCV/DEVELOP News, events, research and jobs from the games industry
The MD of GAME’s French business has hailed its pre-owned offering as one of the key ingredients that has seen the retailer’s store base grow by 500 per cent in the last eight years. Philippe Wehmeyer said that the firm’s second-hand product section helped it to battle the country’s hypermarkets …
Read More »Like-for-like declines at GameStop
Though questions regarding gaming’s resilience to the recession are being asked with increasing frequency, GameStop has posted year-on-year gains for the quarter ending May 2nd – though the all important like-for-like numbers showed a slight decline. Net earnings for the period hit $70.4m, a year-on-year increase of 13.4 per cent. …
Read More »US: Wal-Mart enters pre-owned market
North American retail giant Wal-Mart has quietly entered the pre-owned games market over the weekend with the surprise introduction of trade-in vending machines in some of its stores. NeoCrisis reports that the machines offer users that chance to sell off titles on a number of formats including Xbox 360, PS3, …
Read More »GAME reveals pre-owned trading is 18% of business
GAME has this morning finally, for the first time, started to publicly discuss the value of its pre-owned offer as part of its end-of-year results. Lisa Morgan, GAME CEO, today revealed that pre-owned games represent 18 per cent of turnover for the financial year – during which the firm reported …
Read More »Nintendo: Used games arent in the best interests of the consumer
Reggie Fils-Aime, the outspoken president of Nintendo of America, has claimed that the growing trade-in business at games retail is not in the best interests of the consumer – though he admits that the situation would be better if publishers were to receive a slice of the pre-owned profits. More …
Read More »GameStop stock falls following Amazons pre-owned news
The news that online retail giant Amazon is to enter the pre-owned games market has seen the shares of High Street rival GameStop take a steep fall, dipping 14 per cent yesterday. Variety reports that used games account for 44 per cent of GameStop’s profits, and that Amazon’s move into …
Read More »GameStop says trade-ins are vital to games market
CEO claims that global games retailer will give out $800 million worth of trade-in credit notes this year
Read More »HMV launches pre-owned assault
HMV has confirmed its entry into the pre-owned games market under the Re/Play brand. It will be officially launched on Friday 24th October with an extensive marketing campaign featuring national and consumer press. MCV was first to reveal HMV’s plans in the pre-owned space back in June after the appointment …
Read More »HMV to introduce pre-owned games
Following a strong set of financial results from retailer HMV, the chain has confirmed that it will unleash its long-anticipated push into the pre-owned market this year – as predicted by MCV last month. A statement accompanying the firm’s financial results read: We embarked on successful trials of a ‘next …
Read More »Gamestations pre-owned blitz
Gamestation has made its play to become the UK’s leading destination for pre-owned games by slashing its prices on next-gen software. The retailer’s most impressive cuts have come on Xbox 360 titles, with the cheapest being sold for a startlingly low 3.99.Games such as Sega’s Football Manager 2006 are being …
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