Tag Archives: slump

UK retail sales in March fell by the largest amount in the last 12 months due to the late timing of Easter this year, says the British Retail Consortium. Like-for-like sales dropped by 1.7 per cent year-on-year in March in terms of value, reportsReuters, following a 0.7 per cent rise …

Though Xbox 360 continues to perform astonishingly well for its age in the West, its fortunes in Japan are looking increasingly grim. Edge reports that sales of the console are down 46.7 per cent year-to-date in Japan at 72,271 units. By contrast, PS3 has this year sold 735,637 units in …

Almost one million fewer games were sold at UK retail last month compared to the same period in 2010. The latest figures from GfK Chart-Track paints a bleak picture of the UK games market. In total, 19.3 per cent fewer games were sold last month compared to March 2010, with …

Nintendo’s 3DS could save the struggling UK games market, claim industry bosses. Worrying figures from GfK Chart-Track this week revealed that the UK games market contracted 13 per cent year-on-year in 2010 – down 29 per cent since the Wii/DS boom of 2008. 2.875 billion was generated from software, hardware …

Rockstar Games must have missed the memo that the games market is supposed to be struggling. In the face of a heatwave and miserly customers, the firm this week shifted hundreds of thousands of Red Dead Redemption to secure the biggest opening of a single game so far in 2010. And …

Video games retailers are currently facing up to the biggest ever challenge to their business models as supermarkets up their interest in the sector and the growth of digital distribution threatens their very foundation. Having recently met with senior executives from both GameStop and GAME, Klosters Trading analyst Lutz Muller …

It was meant to be the Q1 that would save us from the slump, but a wash of quality releases have not been able to halt a games market decline. MCV research based on GfK Chart-Track data shows that the UK games market was worth 303m for the 13 weeks …

David Braben has issued a stark warning on the future of the UK game industry. Speaking at today’s Westminster eForum, Braben said it was looking very likely that this year [Britain] will be sixth in the world,” referring to the international game development league that Britain has in recent years …

Ahead of the publication of firm numbers for its current financial year, publisher Konami has issued a stark word of caution to investors, warning them that the numbers are likely to bring bad news. Konami expects that profits for the current financial year will be 82 per cent down on …

Though the signs are that the world is slowly pulling out of recession, punters are seemingly still proving reluctant to shell out the high cost demanded of modern rhythm action games – leading to ongoing year-on-year sales slumps for the genre. With the introduction of Beatles: Rock Band and Guitar …