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Posts tagged retail

GameStop sees increased Xbox One interest following price drop reveal

GameStop President Tony Bartel noted an increased interest for Microsoft's Xbox One following the hardware manufacturer's recent decision to change course and package the console without the Kinect camera peripheral. "I definitely think we're already seeing in our stores with our reservation progra...

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GameStop to close 120 stores, increase focus on mobile

GameStop intends to close 120 video game retail stores in the current fiscal year as part of its "GameStop 3.0" initiative, the company announced at its 2014 Investor Day event this week. Its plan to scale back gaming operations involves a bigger push into the mobile space, as it will open between ...

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Walmart dips into trade-in market this month, selling used games in summer

The used game market just grew immensely, as Walmart announced plans today to begin taking video game trade-ins across the United States, putting itself in direct competition with GameStop. Starting March 26, those trading their games in at more than 3,100 Walmart stores will receive a gift card us...

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RadioShack closing 1,100 stores nationwide

Electronics and video game retailer RadioShack is closing 1,100 of its stores in the United States after a disappointing holiday sales performance, Reuters reports. RadioShack's stock dropped by 23 percent after the company announced a quarterly loss this week. Its planned store closures compris...

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Over 60 percent of Sony Stores to be closed

Sony announced a restructuring of its Sony Electronics division, resulting in the closure of 20 Sony Stores across the United States. The restructuring will affect approximately 1,000 employees "across all sites," which Sony says will amount to a staff reduction of one-third by the end of the calen...

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UK retailer GAME forced to pay £3M in back rent fees

British video games retailer GAME has lost a legal case filed by its landlords, and has been ordered to pay £3 million in rent fees accrued during its administration (bankruptcy equivalent) period in 2012, Retail Week reports. GAME's landlords banded together last year in an attempt to rec...

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Report: GAME preparing to rejoin stock market

2012 wasn't kind to retail chain Game - after closing more than 200 stores in the UK and Ireland, shuttering its Australian division, filing for administration (bankruptcy) and getting delisted from the stock exchange, its operations were purchased by sister investment companies. Luckily for GAME,...

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Xbox One online games store is live

Microsoft's web store for Xbox One is now open for business. The store offers players a means of buying Xbox One games through their PC, which will then download to their console, much like Microsoft's online store in the past. The store features screens and videos for games, a "related games" r...

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Leisure Suit Larry: Reloaded creeps to retail October 29

Leisure Suit Larry: Reloaded is getting a boxed retail version, which will hit store shelves on October 29. The game is a remake of the first game in the series, and features music by Austin Wintory, the composer of Journey's Grammy-nominated soundtrack. Reloaded earned $655,182 on Kickstarter i...

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Report: UK retail sales climb for first time in four years

The UK games market moved 5.17 million boxed games in the last month, a sum that has broke the region's 59-month streak of gradually declining sales, CVG reports. The total is a 45 percent year-on-year increase and the first growth for games retail in the UK since December 2008. MCV reports tha...

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