GAME Has a Pop at Nintendo Over Sales Decline

The Game Group has released its Christmas 2010 Trading Statement and it makes for dour reading.

Sales and revenues were down. Chairman Peter Lewis blames Ninty, saying, "In the UK, the pc and video games market declined by 24% in 2009 compared to a prior year that enjoyed unprecedented demand for hardware and exceptional launches of new peripherals and software. Much of the decline is due to a fall in revenues from the Nintendo formats."

The basic facts:

Sales for the 5 week period ending 9 January 2010
- Total Group sales decreased by 12.1%. Group like for like (‘lfl’) sales were down by 13.8%.
- Total sales for the UK and Ireland decreased by 18.0% with lfl sales down by 17.5%.
- Total sales for International increased by 0.9% with lfl sales down by 5.9% on a constant currency basis.

Sales for the 49 week period ending on 9 January 2010.
- Total Group sales decreased by 11.1%. Group lfl sales were down by 14.8%.
- Total sales for the UK and Ireland decreased by 15.1% with lfl sales down by 16.8%.
- Total sales for International decreased by 1.3% with lfl sales down by 10.2% on a constant currency basis.



Plough through it here.