Feeds

Game Group growth slows

Fewer customers through console door

Boost IT visibility and business value

Game Group saw sales growth slow to 11.4 per cent in the 44 weeks ended 29 November, down from 44.1 per cent in the same period last year but recent trading has been substantially worse - for the last 18 weeks of the period like-for-like sales fell to just 1.5 per cent.

Game's international sales were even worse with like-for-like sales up just 0.7 per cent. Despite this, the retailer, which controls about a third of Blighty’s computer gaming market, said in an interim trading statement that it was “confident of a successful outcome for the year”.

Game, which sells a range of popular consoles and games including PlayStation3, Xbox 360 consoles and Nintendo’s Wii, said its customers spending patterns had remained “relatively resilient considering the challenges in the wider economy”.

Analysts have said that the company could benefit from Woolworths' demise after the retail giant went into administration last week.

Game, whose shares have fallen about 40 per cent so far this year, said it has opened 183 new stores in the past 12 months and will have 1,340 shops open in the run up to Christmas.

It will report crucial Christmas results on 13 January 2009. ®

Maximizing your infrastructure through virtualization

More from The Register

next story
BBC goes offline in MASSIVE COCKUP: Stephen Fry partly muzzled
Auntie tight-lipped as major outage rolls on
iPad? More like iFAD: We reveal why Apple fell into IBM's arms
But never fear fanbois, you're still lapping up iPhones, Macs
Stick a 4K in them: Super high-res TVs are DONE
4,000 pixels is niche now... Don't say we didn't warn you
Philip K Dick 'Nazi alternate reality' story to be made into TV series
Amazon Studios, Ridley Scott firm to produce The Man in the High Castle
Bose says today is F*** With Dre Day: Beats sued in patent battle
Music gear giant seeks some of that sweet, sweet Apple pie
There's NOTHING on TV in Europe – American video DOMINATES
Even France's mega subsidies don't stop US content onslaught
You! Pirate! Stop pirating, or we shall admonish you politely. Repeatedly, if necessary
And we shall go about telling people you smell. No, not really
Too many IT conferences to cover? MICROSOFT to the RESCUE!
Yet more word of cuts emerges from Redmond
Joe Average isn't worth $10 a year to Mark Zuckerberg
The Social Network deflates the PC resurgence with mobile-only usage prediction
prev story

Whitepapers

Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
Consolidation: The Foundation for IT Business Transformation
In this whitepaper learn how effective consolidation of IT and business resources can enable multiple, meaningful business benefits.
Application security programs and practises
Follow a few strategies and your organization can gain the full benefits of open source and the cloud without compromising the security of your applications.
How modern custom applications can spur business growth
Learn how to create, deploy and manage custom applications without consuming or expanding the need for scarce, expensive IT resources.
Securing Web Applications Made Simple and Scalable
Learn how automated security testing can provide a simple and scalable way to protect your web applications.