Entertainment
The latest news, updates and analysis on the entertainment segment of the the UK retail industry. Sign up to the Daily Briefing and let Retail Sector’s business journalists keep you in the picture.
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Oct- 2018 -29 October
HMV tops Amazon on physical music sales
HMV has overtaken Amazon for physical music sales, the entertainment retailer increased its market share to 28% during the 12 weeks to 23 September. According to research published by Kantar Worldpanel, the release of the 100th edition of Now That’s What I Call Music which sold almost double its predecessor,…
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3 October
Toys R’ Us to rise from the dead
Toys R’ Us is rumoured to be revived after an auction for its brand and rights was cancelled with a group of investors which originally ended the toy retailer’s reorganisation in April. According to documents obtained by the Wall Street Journal, the group has plans for “a new, operating Toys…
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Jun- 2018 -8 June
Games Workshop’s profits continue to rise
Games Workshop, the manufacturer and retailer of fantasy miniatures, continued to grow in sales and profit across all sales channels since the start of May. The retailer expects group sales to be about £219m with a pre-tax profit of £74m for the 53-week period to 3 June 2018. Games Workshop…
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Mar- 2018 -6 March
Consumer spending on ‘non-essentials’ increases
According to Barclaycard February 2018 saw increased sales of non-essentials, as consumers continued to prioritise their spending on the ‘experience economy’. Data from the group also revealed supermarket spending (3.2%) returned to levels previously seen over the past six months, after a spike of 4.4% in January 2018. Entertainment performed…
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Feb- 2018 -12 February
Game to open ‘e-sport arenas’ within Sports Direct stores
Video game retailer Game has announced plans to open e-sports ‘gaming arenas’ and concessions within Sports Direct stores. The Belong brand is the group’s competitive gaming and e-sports scheme centred around physical ‘arenas’, bringing both casual and competitive gaming to communities nationwide in cities, town centres and major shopping centres.…
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2 February
Amazon’s quarterly profits approach $2bn for first time
Online retailing giant Amazon has enjoyed its best ever quarter with profits almost reaching $2bn (£1.42bn) for the first time in the company’s history. The online retail giant reported that it saw its net income more than double to $1.9bn (£1.33bn) in the fourth quarter ending December 31 2017, up…
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1 February
2,400 jobs at risk again as Toys R Us UK future back in doubt
Toys R Us UK is again under threat amid reports that its US parent company is seeking a buyer for the British business just weeks after securing support for a rescue plan. According to Sky News, Alvarez & Marsal, the company dealing with the US retailer’s bankruptcy protection, has begun…
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Jan- 2018 -23 January
Mark Gifford resigns as Game’s CFO
Video game retailer Game has announced the resignation of its chief financial officer Mark Gifford. Gifford informed the board of his intention to leave so that he can focus on his other business and personal interests. An executive search has commenced to identify a suitable successor to his position. Commenting…
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17 January
The Works posts record Christmas sales
Discount retailer The Works has announced its strongest ever Christmas trading performance, delivering 15% total year-on-year sales growth over the 12 weeks ending 24 December 2017. The company, which sells gifts, arts and crafts and books recorded increased growth both in-store and online for a seventh consecutive year. Total like-for-like…
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12 January
GAME reveals first sales growth in two years
Video game retail store Game has posted its first positive sales growth in over two years. The retail group provided a trading update ahead of its annual general meeting, revealing that gross transaction value (GTV) was up 5.2% over the Christmas trading period and up overall by 3.8% for the…
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