It looks like the time has come for HMV. Having reported just moments ago that the HMV board are tonight holding discussions about what action to take next, mutiple sources are now claiming that the retailer will enter administration in the morning. The Telegraph reports that HMV going into administration …
Read More »HMV board holds crunch talks as retailer ponders administration
The directors of beleaguered retailer HMV are said to be locked in emergency talks tonight as the retailer considers entering administration. Sky News reports that a number of options are currently being discussed amongst execs, one of which is administration. However, further action from lenders could yet give HMV a …
Read More »Flipkart launches Metal Gear Solid franchise sale
Flipkart.com is offering select titles from the Metal Gear Solid franchise at a 15% discount for a limited time. The games on sale include Metal Gear Solid 2: Substance and Metal Gear Solid 3: Snake Eater on PS2; Portable Ops and Peace Walker for PSP; and the Metal Gear Solid …
Read More »UK retail eyes up Steam Box and Nvidia Shield
UK retailers have told MCV that they are keen to stock Valve’s Steam-box and Nvidia’s Shield. A Steam-box style product named Piston and Nvidia’s new console Shield was showcased at the Consumer Electronics Show this week, putting pressure on Microsoft and Sony who have yet to lift the lid on …
Read More »Xbox 360 racks up two years as US’ best-selling console
Microsoft’s Xbox 360 has outperformed all other home consoles for 24 consecutive months in terms of US hardware sales. And when you take handhelds into account, Xbox 360 has been the No.1 selling hardware for 17 months running. The latest NPD data confirms that December sales of 1.4m units once …
Read More »Don’t worry, Xbox is not ditching the High Street
There is just one Microsoft-published game on the release schedule. Gears of War: Judgment launches on March 22nd and when MCV asked a rep yesterday if that was it, we were pointed to the array of Xbox Live Arcade titles on the way. It’s not exactly the answer GAME or …
Read More »Wii U sells less, generates more dollars than original Wii launch
Nintendo’s newest console is tracking behind its predecessor in terms of US launch sales, but is bringing in more dollars. Wii U sold 460,000 units in the US last month, according to new NPD data, bringing its total lifetime sales up to 890,000. An NPD spokesperson said: "Sales of the …
Read More »HMV says Blue Cross sale not related to banking covenants
HMV has downplayed speculation over discounting after an ITV business reporter suggested a blue cross sale might be a way of raising funds ahead of debt deadlines. Announced earlier this week, the sale is set to take place in over 230 HMV stores across the UK and Ireland, starting from …
Read More »GameStop: DLC is easier to sell than strategy guides or accessories
Digital revolution comes at the cost of retail devolution, right? Perhaps not. GameStop’s director of retail digital distribution Brad Schliesser has said that DLC is not only an easy sell at retail – retail is also possibly the best place to sell it. Downloadable content is easier for us to …
Read More »Tesco surprises city with blockbuster Christmas
The UK’s leading retailer Tesco has reported its strongest Christmas in the UK for three years. Like-for-like sales were up 1.8 per cent in the six weeks ending January 5th. Online food sales were the star, climbing 18 per cent. It’s a fantastic turnaround for the supermarket, having reported a …
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