Entries in 'recession' (24)
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.
The UK suffers double-dip recession
It has finally been confirmed that the UK has once again entered into recession.
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.
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.
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IGN cuts staff
EA offers guide to better times
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 ...
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.
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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.
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.
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 ...
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 ...
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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.
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 ...
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 ...
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 ...
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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 ...
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 ...
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 ...
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 ...
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 ...
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 ...
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 ...
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 ...
