MCV/DEVELOP News, events, research and jobs from the games industry
The latest issue of MCV is now available digitally, and it features our four page guide to UK games retail’s top buyers. We also interview EA Sports EVP Andrew Wilson and football legend Gianluca Vialli. The magazine is available for iPad. Download our app now, which includes access to the …
Read More »Tesco abandons Japanese dream
The significant Japanese aspirations of retail giant Tesco appear to be over. Reuters reports that the supermarket chain has sold 50 per cent of its business to Japan’s second largest retailer Aeon Corp for a nominal sum. Tesco currently operates 117 stores in the country since paying 32.8bn for the …
Read More »Tesco acquires streaming music service
Supermarket giant Tesco has acquired a 91 per cent stake in Milton Keynes based streaming music service We7. Music Week reports that the deal is worth 10.8m, and that Tesco plans to buy the remainder of the company’s shares in the coming weeks”. The site, which changed from an on-demand …
Read More »Tesco and WH Smith drop Habbo cards
Leading retail chains have pulled support for Habbo’s prepaid cards amidst allegations against the kids’ social network. Both Tesco and WH Smith have confirmed they will no longer stock the cards, according to Channel 4 news. The cards are used to buy furniture for the site’s online rooms. The move …
Read More »Tesco posts first UK profit decline for 20 years
It may be the biggest and most important retailer in the UK, but supermarket giant Tesco has posted its first fall in UK profits for 20 years. Profits at its UK arm fell one per cent to 2.5bn for the year ending February 25th. UK sales fell 1.2 per cent …
Read More »Tesco: Games retail ‘unsustainable’
The current games retail model is not working, says Tesco’s entertainment chief. Mass market retailers have told MCV they are finding it hard to justify giving shelf space to games because they are high-risk and low margin products. But Tesco’s Rob Salter says that this situation can be changed if …
Read More »Tesco slashes game prices as it continues market assault
Having declared itself as The Home of Gaming” last week, Tesco has revealed a new promotion that offers a number of new games for rock-bottom prices. Both Mass Effect 3 and SSX can now be had for just 24.91. Titles slashed to just 21.91 include Street Fighter X Tekken and …
Read More »Tesco declares itself "The Home of Gaming"
In a new no-holds-bar advertising campaign, supermarket Tesco has declared itself The Home of Gaming”. The ad, carried by CVG, features a picture of a PS3 controller and carries the following claims: The largest number of gaming stores in the UK”393 stores open at midnight for new game releases”Over 10,000 …
Read More »Former Tesco man Mike Fethers joins HMV
Mike Fethers has joined HMV’s games team as its games peripherals and digital buyer. His previous roles include games peripherals buyer for Tesco. He replaces Gavin Howes who recently left HMV to accept a role at Carphone Warehouse. "I’m delighted to welcome Miketo HMV, not just for thegreat experienceand fresh …
Read More »New Tesco games boss appointed
Tesco has appointed Nick Cooke as the supermarket’s new head of games. He replaces former games boss Sarah Kaye who has left the retail giant for family reasons. Cooke (pictured) has been at Tesco for six years and has held several buying and commercial roles within the company’s toys category, …
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