Software launches are going well, but tailing off faster than historically, and with no new hardware coming through and an obviously weak consumer market, we are placing our forecasts and recommendation under review, despite solid progress on the strategic initiatives.
JON JACKSON | KILLIK & CO
Major software titles are launching in line with first week expectations, but are then seeing a quicker tail-off than historically experienced. Customer footfall and basket sizes are down, reflecting wider consumer uncertainty. Even online sales only achieved a flat performance.
AMISHA CHOHAN | MERCHANT SECURITIES
Another disappointing statement from Game Group – total sales were weaker than expected. Increased competition from supermarkets and online retailers combined with the weaker consumer sentiment does not bode well for the business. The video games market remains very challenging, as this statement shows.