Game Group profit hit as price promotions weigh

first_imgWednesday 8 December 2010 7:19 pm Game Group profit hit as price promotions weigh whatsapp KCS-content COMPUTER games retailer Game Group said its profit margins would fall by more than expected as it steps up promotions to lure cash-strapped shoppers and maintain share in a cut-throat competitive market.Game, which has been hit by the absence of new games console launches this year, said yesterday sales trends had improved in recent weeks, helped by new title launches such as “Call of Duty: Black Ops” and “FIFA 11.”It also has high hopes for Microsoft’s Kinect motion-sensitive gaming product, which Britain’s biggest retailer Tesco tipped to be a top-seller this Christmas.However, Game said hard-pressed shoppers were becoming ever more focused on bargains, and it remained cautious about the outlook for 2011 amid a continued lack of new console launches.“Consumers appear to be more deal hungry, more value-seeking than perhaps they were even last year,” chief executive Ian Shepherd said. Britain’s retailers are worried that higher taxes and public spending cuts aimed at reducing government borrowing will hit consumer demand in the months ahead. whatsapp by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailNoteabley25 Funny Notes Written By StrangersNoteableySerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBetterBe20 Stunning Female AthletesBetterBeHistorical GeniusHe Was The Smartest Man Who Ever Lived – But He Led A Miserable LifeHistorical GeniusMagellan TimesThis Is Why The Roy Rogers Museum Has Been Closed For GoodMagellan TimesElite HeraldExperts Discover Girl Born From Two Different SpeciesElite Heraldcenter_img Tags: NULL Show Comments ▼ Share Read This NextFresh Fruit Sushi: Recipes Worth CookingFamily ProofCreamy Pumpkin Soup: Delicious Recipes Worth CookingFamily ProofYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofChicken Bao: Delicious Recipes Worth CookingFamily ProofWhat to Know About ‘Loki’ Ahead of Disney+ Premier on June 9Family ProofBack on the Rails for Summer New York to New Orleans, Savannah and MiamiFamily Proof’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofA Once in 17 Years Cicada Event in Princeton, New JerseyFamily Prooflast_img

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