UK high street retailers GAME have posted that despite titles such as new super Mario bros, fifa 10 and call of duty modern warfare 2 the company has seen a fall in profit buy 10.8% for the 44 weeks ending December 5th and that like of like sales for that period were down 15.1% along with total UK sales down 14.3%.
"Since the half year, there have been a number of major software releases including Call of Duty: Modern Warfare 2 and FIFA 10, which both broke records in their first week of launch."
"However, the exceptionally strong performance of these titles was in part offset by softer than expected sales of some other releases."
"We have seen strong competition in all of the markets that we operate in. In the UK, in particular, we have seen significant pricing activity from the supermarkets. However, our overall year to date market share position has improved due to the strength of our consumer proposition, including our trade-in offers, loyalty card discounts, breadth of range and specialist staff. "
"Our preowned business has continued to perform well as it offers real value for our customers, particularly in the current economic climate."
Hang in there GAME we are sure it will all come good.
"Since the half year, there have been a number of major software releases including Call of Duty: Modern Warfare 2 and FIFA 10, which both broke records in their first week of launch."
"However, the exceptionally strong performance of these titles was in part offset by softer than expected sales of some other releases."
"We have seen strong competition in all of the markets that we operate in. In the UK, in particular, we have seen significant pricing activity from the supermarkets. However, our overall year to date market share position has improved due to the strength of our consumer proposition, including our trade-in offers, loyalty card discounts, breadth of range and specialist staff. "
"Our preowned business has continued to perform well as it offers real value for our customers, particularly in the current economic climate."
Hang in there GAME we are sure it will all come good.
RSS Feed