Retail

Home Retail Group has seen its profits slashed by a quarter, as the recession hits its Argos and Homebase brands. Profits at the group fell to 328m for the year to February 28th. However, the group recorded a loss of 402m due to write downs of 694m and what it …

Apple’s current stance in the digital mobile content market is, by most measures, as close to a monopoly as you can find in the modern games industry – and whilst credit must go to Apple for the success it has created, questions are being asked about how healthy the situation …

High Street retailer GAME has launched a special offer for customers following its success at the MCV Awards last week. The chain’s ‘award winning offers’ includes a Wii for 164.99 and a DSi for 139.99, and will run until May 4th. The cut-price hardware can only be gained by using …

Apple has cut around ten per cent of its workforce during the second quarter of 2009, according to documents released to the Securities and Exchange Commission. According to the document, Apple cut its full-time workforce from 15,600 to 14,000 during the second quarter. It is unclear if the retailer made …

National entertainment retailer HMV is the star games performer in a new comparison of the nation’s leading retail websites, according to survey conductor The Retail Bulletin. HMV was one of the star performers, with the technical performance and functionality improvements seen on its website seeing it jump 49 places to …

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 of next year. Speaking in the Commons, Darling said that GDP will grow 1.25 per cent by 2010 and climb …

Value retail chain Poundland has today announced that it has purchased 12 ex-Woolworths stores. One hundred former Woolies staff have been taken on by the firm following the buy, which forms part of Poundland’s planned expansion. The retailer is committed to opening at least 30 new stores in the UK …

GAME Group has posted encouraging gains in both turnover and profit during its preliminary results for the year ended 31 January 2009. Group turnover reached 1.97bn for the period, an impressive 32 per cent gain on the 1.49bn achieved in the same period last year. At the same time the …

The UK annual inflation measured by the Retail Prices Index has for the first time since 1960 today revealed that the UK economy is in a state of deflation – but video games remain one of the few categories increasing in price. The BBC reports that the RPI fell to …

An undercover investigation by a Trading Standards authority has exposed a number of retailers for selling mature games to a 14 year-old volunteer. The operation, which took place last week, saw the volunteer attempt to purchase 18-rated video games across 16 separate retail outlets. According to Dundee Council, twelve of …