Game's profits fall

Retail giant 'positive' but 'cautious' as UK sales fall 14.7 per cent
Publish date:
13_Game Logo Sml.jpg

The gaming retailer Game has warned that its profit margins will fall more than expected this financial year as it cuts prices in the face of increased retail competition.

The firm also revealed that for the 44 weeks ending December 4th, 2010, like-for-like group sales were down 8.8 per cent, while UK sales have fallen 14.7 per cent. International sales fared better, up 1.2 per cent. It blames the weak performance of hardware and casual gaming products for the decline.

Read the full story
at our sister site MCV.