Game profits crash amid ‘challenging’ console market
Game Digital revealed that its annual profits crashed more than 80 per cent as it battled against a “challenging UK console market”.
The retailer posted pre-tax profits of £4.9 million for the 53 weeks to the end of July, down from £25.8m the previous year, after seeing sales tumble.
It reported sales by gross transaction value down 5.2 per cent on a 42-week basis to £923.3m, but said it was seeing “significant early progress” from its turnaround plan, with trading in the first ten weeks since its year-end “in line with group plans”.
As part of its recovery, Game is pushing into new areas,... read more
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