UK retailer blames supermarkets for sales drop
UK retail chain GAME has blamed stiff competition with supermarkets for a large drop in sales.
GAME shares were down a whopping 15 percent, after it was revealed that sales dropped nearly 14 percent in the 18 weeks to December 5th, over the same period in 2008.
Apparently, GAME's 701 UK and Irish stores took the brunt of a 16.6 percent decline.
Price wars over games like Modern Warfare 2 and FIFA 10 are blamed for causing the decline, with stiff competition from traditional retailers proving great news for consumers but tough on stores like GAME. More soon.
- Thomas Was Alone gets a release date for PS4 and Wii U
- New Warframe update adds space-flight to the gameplay with Archwing mode
- New poll indicates that people believe online gaming is “the least welcoming space” for women
- CD Projekt RED releases The Trail, the opening cinematic from The Witcher 3
- New Project CARS trailer pulls up to the starting grid
- Far Cry 4 dev says linear games will suffer in the new world of gameplay video sharing
- Almost 1,100 developers, students and journalists sign the new #gamediversity petition embracing diversity in games
- Felicia Day breaks her silence about #Gamergate, is almost immediately doxxed
- Ubisoft announces PC specs for Assassin's Creed: Unity and they're killer