Tag Archives: retail

Speaking to investors following the publication of its most recent fiscal results, GameStop has seemingly ruled out the chance of a GAME takeover in the UK. Having closed all of our UK stores, we are focused entirely on competing digitally in the UK," GameStop International’s executive VP Mike Mauler stated. …

The average price of video games last year was 25.63. That’s an increase of 5.4 per cent year-on-year. In 2010, the average cost of games was 24.32.Specialists, generalists and indies increased prices the most, up 7.1 per centfor an average selling price of 27.01. Supermarket game prices were up 6.5 …

There are fewer stores than ever selling games, ERA and Chart-Track says. Last year 6,644 stores sold games, down 1.7 per cent year-on-year. It means since 2007 there are now 1,000 fewer shops selling video games. A reduction in entertainment specialists and electrical retailers are the main reason for the …

Sainsbury’s, Tesco, Asda and Morrisons have stalled in their bids to become the next major players in video games, ERA reports. Based on Chart-Track figures, supermarkets accounted for 27.3 per cent of all games sold last year – that’s down 0.2 per cent from the previous year. In terms of …

It has felt like a very slow and protracted saga, but GAME’s fall into administration today has by all accounts been swift… and brutal. The first indication that all was not well came as early as late November, when The Telegraph asked the question Can GAME survive?”. However, it wasn’t …

A takeover at GAME still looks some way off, with the retailer having recently held talks with publishers in an effort to raise funds needed to pay store rents this weekend. GAME still hopes a takeover can be agreed, but it will not be completed in time to fund the …

It appears that GAME’s chief lenders have thrust the retailer back toward the brink of administration by rejecting the offer tabled by Comet owner OpCapita. The Guardian reports that OpCapita’s plan to settle debts with chief lenders such as The Royal Bank of Scotland, as well as 40m worth of …

The UK games retail market rallied last week thanks to the release of EA’s Mass Effect 3 and Capcom’s Street Fighter X Tekken. The pair helped break a two-week decline, generating a 47.9 per cent increase in market value to 17.9m. Unit sales rose 27.2 per cent. However, the market …

Electronic Arts’ urban football series returns this week in the revamped FIFA Street. The game steps away from pitch tactics and focuses on the skills and tricks. It’s the first FIFA Street title since FIFA Street 3 in 2008. Meanwhile, Rising Star releases two BIT.TRIP compilations for Wii and 3DS, …

Last week, MCVuk.com revealed that Microsoft has told its partners that the Next Xbox will not include a disc drive. It’s a bold move – and one that sparked passionate debates and misconceptions about the birth of digital-only home consoles. While the next Xbox will feature no disc drive, sources …