NEWS - Wednesday, July 7, 2004

Game Group Expects Second Half Pick-Up

Same-store sales at Game Group fell 14 percent in the first 22 weeks of its financial year, but the video games retailer says it expects a satisfactory outcome for the full year. The sales decline in the 22 weeks to July 3 was partly due to the effect on comparisons of the release of Gameboy Advance SP in the comparative period last year. New software releases for this year were scheduled for the second-half, Chairman Peter Lewis said in a statement ahead of the company’s annual general meeting. However, gross margins improved by over 150 basis points. "Game remains confident that the software release schedule in the second half of the year, which typically accounts for around two thirds of our annual turnover, is very strong," Lewis said on Wednesday. A reduction in the price of the PlayStation 2 and Xbox consoles in the autumn would also stimulate demand, he said. Game GMG.L , which operates 580 stores and franchises throughout Europe, said it continued to evaluate opportunities for further expansion. Game shares stood 5.5 percent higher in early trade at 53-1/4 pence.


Site Statistics

Registered Members: 43,985
Forum Posts: 725,147
Xbox One Titles: 657
Xbox 360 Titles: 1,084
Xbox 360 Kinect Titles: 95
Xbox 360 Arcade Titles: 583
Xbox Titles: 847
Staff Reviews: 1,449
Member Reviews: 10,339
News Articles: 13,092
Screenshots: 28,876
Xbox 360 Achievements: 45,112
Xbox 360 Faceplates: 2,016
Cheat Codes: 1,706

Latest News

See News Archives

Community Forum Activity

Games with Gold for November - Count me in
Post by TheOutcast-XBA
1 Replies, 50 Views

Xbox One Edition Limitee Borderlands The Handsome Collection
Post by oryanphine
1 Replies, 53 Views

Xbox One Edition Limitee et controllers
Post by oryanphine
3 Replies, 81 Views

GOW 4 Horde Credit and XP Earn Rate Updates
Post by Nato King
1 Replies, 83 Views

Post by Nato King
1 Replies, 73 Views

Red Dead Redemption 2 releasing Fall 2017
Post by Nato King
5 Replies, 126 Views

Xbox One S Protoype Zebra
Post by oryanphine
3 Replies, 171 Views

Xbox One South Korea Edition Limitee Mother Pearl
Post by oryanphine
1 Replies, 108 Views

Xbox One Official China Edition limitee Lunar New Year Monkey 2016
Post by oryanphine
2 Replies, 122 Views

Xbox Play Anywhere Set up.
Post by Nato King
6 Replies, 189 Views

CONTEST! Win a copy of Worms W.M.D.!
Post by Variation-XBA
9 Replies, 366 Views

The Gears of War 4 Live Broadcast Airs Today
Post by Nato King
7 Replies, 223 Views

Post by Nato King
9 Replies, 269 Views

Spoiler: First 12mintues of Battlefield 1
Post by Nato King
9 Replies, 258 Views

Custom Xbox Addict Controller!
Post by Variation-XBA
8 Replies, 331 Views

© 2000-2016 - All rights reserved. All trademarks are properties of their respective owners.
Xbox is a registered trademark of Microsoft. is not affiliated with Microsoft.

Made in Canada
Site Design by Cameron Graphics