Game sales weak for Toys R Us
Entertainment sector continues to decline for retailer
Retailer Toys R Us has revealed its holiday sales, noting that its entertainment category, which includes videogames, were weak over the Christmas period.
Sales of games continued to decline during the nine week holiday segment, said Toys R Us, despite overall US sales rising 5.4 per cent. International sales were down 3.6 per cent in December.
"The entertainment category, which includes videogame hardware and software, was the weakest as it continued to experience sales declines," said the company.
Yesterday, specialist retailer GameStop said it hit new records over the Christmas period, with over $3 billion in revenues driven by Microsoft Kinect, and new Call of Duty and Assassin's Creed games.
In the UK, entertainment retailer HMV had a poor Christmas, down 13 per cent on last year, forcing the retailer to close 60 stores over the next 12 months.
UK specialist GAME is due to release details of its holiday performance next week.