informa
/
1 MIN READ
News

HMV Revenues Rise As Video Game Console Demand Increases

UK music retailer HMV Group saw its 18-week revenue jump by 4.3 percent at stores open for at least a year, an increase attributed to rising demand for video game consoles. The company also revealed plans to launch a loyalty card scheme and a used games p
Rising demand for video game consoles boosted UK music retailer HMV Group's 18-week revenue by 4.3 percent at stores open for at least a year, according to a report by the Bloomberg news agency. Same-store sales were up 1.3 percent for the 18-week period ending August 30th, compared to the 10% gain reported for the 16-week period ending April 26th. Taking advantage of this "increased participation in games," which now accounts for a fifth of the company's sales, HMV installed downloading terminals in several of its locations and is dedicating more space to video games. HMV also revealed plans to launch a loyalty card scheme and a used games program by the end of the year. In addition, the company will debut an MP3 digital downloading service later this month. The company also opened two "next-generation" stores during the period, which feature digital download hubs, gaming stations, and smoothie bars. Four U.K. outlets and eight Canadian stores were refitted as well. HMV Group CEO Simon Fox says the company's initiatives are on track despite a "tough consumer environment." "As we approach the peak selling period, our focus is on continuing to provide our customers with the very best offers, from what is shaping up to be a strong line-up across all product categories for Christmas," says Fox.

Latest Jobs

Treyarch

Playa Vista, Los Angeles, CA, USA
2.03.23
Senior Physics Gameplay Engineer - Treyarch

High Moon Studios

Carlsbad, CA, USA
2.03.23
VFX Artist - High Moon Studios

Anne Arundel Community College

Arnold, MD, USA
1.30.23
Instructor/Assistant Professor, Game Art

Treyarch Vancouver

Vancouver, BC, Canada
2.02.23
Producer - Treyarch Vancouver
More Jobs   

CONNECT WITH US

Explore the
Subscribe to
Follow us

Game Developer Job Board

Game Developer Newsletter

@gamedevdotcom

Explore the

Game Developer Job Board

Browse open positions across the game industry or recruit new talent for your studio

Browse
Subscribe to

Game Developer Newsletter

Get daily Game Developer top stories every morning straight into your inbox

Subscribe
Follow us

@gamedevdotcom

Follow us @gamedevdotcom to stay up-to-date with the latest news & insider information about events & more