On Saturday we reported about the slump in business for UK retailers, leading to the lowest week in software sales since records began. After the slow summer season salvation may be around the corner however, as the Christmas rush for AAA releases could bring in as much as £320 million to stores across nation. …
It seems the summer slump in blockbuster releases has hit the retail gaming market in the UK hard. Data from the UKIE/GfK Chart-track shows that retailers in the UK made as little as £8.4m from software sales last week, the lowest amount since records began. This is bad news for retail shops such as GAME, who recently went into administration and are struggling with the increasing presence of the online and downloadable market.
MCV have given various reasons as to why the recent slump might have occurred, pointing the blame to the economic state and the fact that we are nearing the end of a console cycle, with next-gen just around the corner. The lack of AAA releases over the summer can’t have helped the situation, with the usual rush of blockbuster releases being scheduled for the end of the year.
Other factors in the sales slump could include the high number of sporting events occurring over the summer, with the European Championships and now the London Olympic games distracting people from their consoles and computers. Let’s hope the crammed end of year schedule will bring some much-needed relief for the gaming retailers of the UK.
The recent escalation of issues at leading UK games retailer GAME Group are nearing a head with reports emerging this afternoon that senior management are bracing themselves for the group to enter administration. GAME Group, which runs GAME and GameStation stores up and down the country, has had several big blows recently with the inability to stock Mass Effect 3 for today’s launch the most striking for gamers. There is currently a massive sale now on at GAME on new releases, pre-owned titles and hardware, part of an attempt to generate some cash flow with administration possibly on a couple of weeks away.
It is difficult to see a way back know for the company unless a takeover package is put together by US giant GameStop, if that fails to materialise we could be witnessing the death of a key player in the British games industry. Best of luck to all involved.
The pre-gesticular stage of The Reticular Cycle is upon us once more. A time of puffing and strutting and the gratuitous public display of our inner workings. Eligible mates – I implore you – position yourself downwind and ready yourself to receive a warm dollop of DuBBle, for I have another game idea. This is how the menu screen shall display itself – note the wonderful plumage: