Entries in 'recession' (24)

Retail sales fall in wettest April on record

Retail sales fall in wettest April on record

UK retailers saw a year-on-year decline in sales as excessive rain deterred shoppers from venturing to the High Street.

James Batchelor
by James Batchelor
on May 9th 2012 at 10:49AM in News
The UK suffers double-dip recession

The UK suffers double-dip recession

It has finally been confirmed that the UK has once again entered into recession.

Ben Parfitt
by Ben Parfitt
on Apr 25th 2012 at 9:50AM in News
Games hardest hit as entertainment retailers struggle

Games hardest hit as entertainment retailers struggle

It has been a bleak year for music and films so far, but it’s video games that have suffered the most.

Christopher Dring
by Christopher Dring
on Sep 23rd 2011 at 8:19AM in News
Iwata: Past hits don’t sell any more

Iwata: Past hits don’t sell any more

Satoru Iwata has claimed that the best way to improve the industry’s falling sales is to abandon previous winning formulas.

James Batchelor
by James Batchelor
on Jun 24th 2010 at 3:09PM in News

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IGN cuts staff

IGN cuts staff

Reports are surfacing that IGN has made significant lay-offs to its main U.S. operation.

by Colin Campbell
on Mar 16th 2010 at 11:44PM in News
EA offers guide to better times

EA offers guide to better times

Electronic Arts' troubles - fiscal losses, massive job cuts, a thinning roster, waning market confidence - serve as an illustration of the whole industry's troubles. The firm's second-in-command, COO John ...

by Colin Campbell
on Feb 20th 2010 at 3:59PM in News
Bosses cautious about end of recession

Bosses cautious about end of recession

The UK may be out of the recession – but publisher bosses are mindful of a slow recovery for video games.
UK GDP rose just 0.1 per cent during Q4 ...

Ben Parfitt
by Ben Parfitt
on Feb 5th 2010 at 10:22AM in News
UK officially exits recession

UK officially exits recession

As was expected, the ONS has confirmed that the recession that has dogged the UK economy for the last 18 months is officially over.

Ben Parfitt
by Ben Parfitt
on Jan 26th 2010 at 11:05AM in News

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Games retailers confident about 2010

Games retailers confident about 2010

UK retailers believe they have cracked the formula to  survive the next decade – after enduring a true annus horribilis on the High Street in 2009.

James Batchelor
by James Batchelor
on Dec 11th 2009 at 12:43PM in News
Further decline in UK economy

Further decline in UK economy

The British economy contracted by 0.8 per cent in the last quarter – more than double the figure predicted by analysts.

Ben Parfitt
by Ben Parfitt
on Jul 24th 2009 at 3:43PM in News
Could price-cutting be over in 2009?

Could price-cutting be over in 2009?

Will we see a cessation in rampant price-cutting from UK retail this year? That was the question from trade experts this week, as the High Street began to contemplate its ...

Ben Parfitt
by Ben Parfitt
on Jul 23rd 2009 at 4:20PM in News
Pre-owned purchases at “all time high”

Pre-owned purchases at “all time high”

Whilst the ‘green shoots’ of economic recovery continue to fight their way through to the sunlight, the effects of the global recession are making their presence felt on the shopping ...

Ben Parfitt
by Ben Parfitt
on Jul 7th 2009 at 11:02AM in News

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New low for non-food retailers

New low for non-food retailers

Non-food retailers have experienced their worst month since July 1992, after sales fell by three per cent on 2008.

Ben Parfitt
by Ben Parfitt
on Jun 19th 2009 at 3:07PM in News
Sony to halve its 2,500 suppliers

Sony to halve its 2,500 suppliers

Sony is set to terminate partnerships with more than half of its parts and materials suppliers by 2011 in a new extraordinary effort to save the company around 500 billion ...

by Rob Crossley
on May 21st 2009 at 6:13PM in News
One in four UK households owns a console

One in four UK households owns a console

Money is tight, going out is expensive – it’s bad news for the economy but not, it seems, for games retail. New research from Harris International shows that spending on ...

Ben Parfitt
by Ben Parfitt
on May 12th 2009 at 1:24PM in News
Budget 2009: Economy turnaround ‘by 2010’

Budget 2009: Economy turnaround ‘by 2010’

A daring and contentious budget speech by UK Chancellor of the Exchequer Alistair Darling was punctuated with an interesting promise: the UK economy is set to grow at the start ...

by Rob Crossley
on Apr 22nd 2009 at 2:54PM in News

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Activision Blizzard considering further acquisitions

Activision Blizzard considering further acquisitions

Activision’s president and CEO of publishing Mike Griffith has stated that the global economic crisis, and more importantly resulting deflated company values, could pave the way for his firm making ...
Ben Parfitt
by Ben Parfitt
on Mar 4th 2009 at 4:44PM in News
Riccitiello: EA got too fat and too reliant

Riccitiello: EA got too fat and too reliant

Outspoken EA boss John Riccitiello has boldly stated that his company had become too complacent with itself, adding that the worsening economic recession could be “a blessing in disguise” as ...
Ben Parfitt
by Ben Parfitt
on Feb 20th 2009 at 9:54AM in News
Recession threatens new IP push

Recession threatens new IP push

Responding to claims from EA that it’s recent financial troubles will not spell the end of its renewed commitment to original IP, Wedbush Morgan’s Michael Pachter has admitted that ...
Ben Parfitt
by Ben Parfitt
on Feb 9th 2009 at 10:15AM in News
Casual gaming can "thrive" from recession

Casual gaming can "thrive" from recession

Some of the biggest names in the casual games sector have told MCV's sister site CasualGaming.biz that the casual games sector can not just survive the global recession, but actually ...
Ben Parfitt
by Ben Parfitt
on Jan 29th 2009 at 11:53AM in News
UK officially enters recession

UK officially enters recession

The UK government has confirmed that the nation’s gross domestic product fell by 1.5 per cent in the final three months of 2008, and following the 0.6 per cent drop ...
Ben Parfitt
by Ben Parfitt
on Jan 23rd 2009 at 12:27PM in News
NPD: Games industry “already being affected by the recession”

NPD: Games industry “already being affected by the recession”

The latest stats from NPD show that 2008 was a record year for the video games industry in North America – but signs that the worsening global economic climate is ...
Ben Parfitt
by Ben Parfitt
on Jan 16th 2009 at 10:55AM in News
UK economy suffering “frightening deterioration”

UK economy suffering “frightening deterioration”

A survey conducted by The British Chambers of Commerce have found that the nations’ economy is in the midst of a “frightening deterioration”, with December’s High Street numbers proving the ...
Ben Parfitt
by Ben Parfitt
on Jan 13th 2009 at 9:43AM in News
Core Gamers crucial to surviving recession

Core Gamers crucial to surviving recession

Despite the popularity of the Wii and DS leading Microsoft and Sony to expand their casual appeal, the games industry may have to depend on its more traditional ‘core’ market ...
James Batchelor
by James Batchelor
on Dec 19th 2008 at 9:31AM in News