GAME share price continues to fall
UK retailer sees almost a quarter of the company's value wiped out in two days
UK-based specialist retailer, The GAME Group, has seen a further 8 per cent fall in the value of its shares today, following big losses yesterday.
At the time of writing the company has now lost around 23 per cent of its overall value since the markets opened on Tuesday, following bad news on sales in the 18 weeks up until December 5.
The retailer has suffered from a 14 per cent year-on-year drop in that time, despite hardware price points falling in the past few months, and pointed to the price-killing activities of supermarkets for key games titles such as FIFA 10 and Modern Warfare 2 - both of which were sold for less than half the SRP.
The GAME share price stood at 144.6 pence at close on Monday, but since plunged to 108 pence as of midday on Wednesday.