Retail

Wii price set to rise in the UK

Nintendo has confirmed to MCV that it is to increase the trade price of its Wii console for UK retailers, a move that could lead to the console’s price rising on the UK High Street. However, retail will decide whether the machine’s current 179.99 price point sticks, or whether consumers …

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Retail sales dip in February

The unexpected upturn in retail fortunes seen in January has not been carried over to February, with the British Retail Consortium reporting a 1.8 per cent like-for-like drop on the High Street compared to the same month in 2008. Retail Week reports that total sales did grow, at least, increasing …

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Major retailers back GamePlan

Leading High Street games retailers GAME, HMV and Asda have all pledged to support upcoming games retail event GamePlan, which takes place this June. In addition, the former boss of Woolworths’ games division Gerry Berkley has agreed to work on a consultancy basis with GamePlan. I am delighted to become …

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Pirate Bay lawyers make their final case

The Swedish prosecution of the owners of BitTorrent site Pirate Bay has ended with the site’s defence lawyers arguing that the four accused cannot be held accountable for the conduct of the website’s users. It is not proved that Fredrik Neij has earned any money, just that the Pirate Bay’s …

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Microsoft slashes XBL price

Xbox 360 platform holder Microsoft has cut the price of Gold membership to its Xbox Live service in both Europe and North America in what it is describing as a limited time” deal The North American price has dropped from $49.99 to $39.99 whilst the UK price has fallen 5 …

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Capcom: Downloads more important than retail for PC

Japanese publisher Capcom has stated that it now believes that digital distribution is more important to the PC market that traditional High Street retail. Is digital distribution more important to the PC than retail? For me? Absolutely. No question in my mind,” Capcom’s vice president of strategic planning Christian Svensson …

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Blockbuster not filing for bankruptcy

Blockbuster has denied that it is using law firm Kirkland & Ellis to help it file for bankruptcy. National newspapers reported this morning that the retailer had recruited Kirkland to advise it on ‘bankruptcy or restructuring’. However, Blockbuster spokeswoman Karen Raskopf has told Bloomberg: We’ve hired them for refinancing and …

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Blockbuster close to collapse

Giant entertainment retail chain Blockbuster is close to collapse, according to national reports. The US chain, which has 700 stores in the UK, has been suspended on the New York Stock Exchange after its shares fell more than 76 per cent. The firm has asked law firm Kirkland & Ellis …

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PRICE CHECK: F.E.A.R 2 cheapest at Play.com

RETAIL BIZ: MCV visited Staines, Middlesex, this week for its latest retail price check, looking at the price differentiation between High Street and online outlets on the latest releases. Play.com was the cheapest retailer overall, undercutting both its online and bricks-and-mortar rivals on three out of five titles. It sold …

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Midway haemorrhaging cash at an alarming rate

Midway owner Mark Thomas, who bought the publisher for $100,000 last December , has admitted that Midway’s cash reserves are rapidly depleting. In a filing unearthed by GamePolitics, Thomas states: Midway has an immediate need to access and use AHS’s Cash Collateral [another company owned by Thomas]. Nor can it …

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