Sponsored by
Game plans expansion despite profits dip
RETAIL group Game today said half-year profits will be as much as 64 per cent lower after figures last year were boosted by blockbuster releases.
In an update on first half trading, Game said like-for-like sales in the 21 weeks to Saturday were down by 15.8 per cent in the UK.
It said this performance was in line with expectations after very strong sales in the comparative period a year ago, when sales were boosted by demand for games such as Mario Kart, Wii Fit and Grand Theft Auto IV.
The company expects profits for the half year of between 13 million and 16 million, compared with 36.4 million a year earlier.
However, it said it was looking forward to a "very encouraging" line-up of software releases in the second half, including Wii Fit Plus, DJ Hero and annual sequels to best-sellers such as Pro Evolution Soccer.
The company said it planned to open 50 to 60 additional stores before Christmas, mostly in its international business. It currently has 1,367 outlets, including 698 in the UK and Ireland.
Email to a friend
Print this page- Three-inch blanket of snow heading our way today
- Alan Shearer in list of favourites for Leeds and England jobs: Latest odds
- Barnsley’s Keith Hill invokes Fawlty Towers over link with Leeds job
- McCormack feels United search can be narrowed down
- Redfearn throws down gauntlet as queue builds at Elland Road
- Rival chips in with £500,000 to restore the original Harry Ramsden’s
- Visit from Princess as Serbian culture celebrated
- SportsTalk: Leeds United’s manager search, Super League and Calcutta Cup
- Libraries aren’t like supermarkets, they are magical places where dreams begin
- Strategic review will lead to job losses at Yorkshire Bank
Looking for...
Featured advertisers
Jobs
Search for a job
Motors
Search for a car
Property
Search for a house
Weather for Yorkshire
Saturday 11 February 2012
Today
Cloudy
Temperature: -1 C to 1 C
Wind Speed: 9 mph
Wind direction: South east
Tomorrow
Light rain
Temperature: 1 C to 6 C
Wind Speed: 8 mph
Wind direction: North west
