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Toy R US, Argos hit by poor game sales

Retailers blame slow demand for systems and software in Q2

Retailers on both sides of the Atlantic have blamed poor sales of videogames for weak financial results in the second quarter.

In the US, Toys R Us singled out a slowdown in the sale of videogame systems in the entertainment sector, alongside fewer new releases. Sales in its Entertainment category were down 9.4 per cent to $248.8 million. (£160.9m)

In the UK, Home Retail Group reported total sales down 2.8 per cent at catalogue store Argos, to £924 million ($1.4bn), with like-for-like sales down 5 per cent. The drop was blamed on videogames and large ticket home items, although computers and toy sales were up.

Last week entertainment retailer HMV cited "weak" sales of videogames for a 15 per cent decline in like-for-like sales.

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Matt Martin

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Matt Martin joined GamesIndustry in 2006 and was made editor of the site in 2008. With over ten years experience in journalism, he has written for multiple trade, consumer, contract and business-to-business publications in the games, retail and technology sectors.

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