Tag Archives: recession

Christofer Sundberg believes the industry has become a â??big chicken farmâ? following the recession

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 Schappert used his DICE presentation in Las Vegas to show the industry a way out. He said EA and the …

Studios could be left waiting as publishers look to maximise efficiency

Industry job losses remain high, but are things getting better?

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 2009, and industry heads are wary of the prospect of a ‘double dip recession’ – where the UK economy re-enters a …

But only just; GDP up 0.1 per cent behind analyst expectations

As was expected, the ONS has confirmed that the recession that has dogged the UK economy for the last 18 months is officially over. The economy grew by 0.1 per cent in the final quarter of 2009. The growth comes after a record six successive quarters of decline – the …

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. In a year of financial troubles, company closures and an erratic release slate, a whopping 91 per cent of retailers claimed they were confident …

The British economy contracted by 0.8 per cent in the last quarter – more than double the figure predicted by analysts. According to the BBC, these figures increase the annual rate of decline to 5.6 per cent, which represents the biggest fall since when records began in 1955. There’s more …

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 reaction to Argos’ bold step of raising – not dropping – prices in its new catalogue. Leading outlets have told …