Game ahead of hopes
Computer games retailer Game today said a strong market and a raft of hit games releases had helped it beat expectations in the first half of the year.
The firm said it was “slightly ahead” of hopes thanks to new titles including Grand Theft Auto IV and Nintendo’s Wii Fit.
Demand for consoles also shows no sign of wavering, the group added, as like-for-like sales rose 28.1% in the 22 weeks to June 28.
The update was well-received by analysts, with Altium Securities’ David O’Brien saying: “One word can describe the latest trading update – wow!”
Despite the positive figures, Game initially fell 4% as the gloom hitting the wider retail sector weighed on the firm.
