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Green Light For GameStop – US-FOREX.US
It’s a tough business if customers aren’t buying what you’re selling. This summer videogame sales have fallen sharply from last year, defying the prerecession assumption that the industry is growing so fast that nothing can stop it. Investors will get a look at the fallout when GameStop reports earnings on Thursday morning. The retailer is… »
Crack In Videogames Armor – US-FOREX.US
Sales of videogames have finally taken a hit from the financial crisis, weakened by record-high unemployment, uncertainty about the future and a growing number of Americans swapping credit cards for savings accounts. Game software and hardware sales fell a combined 31% in June compared with last year, according to hot market research firm NPD. That’s… »