HMV may cut back video game sales
Fox considers dropping older titles following poor Xmas performance
Entertainment retail chain HMV has said that it may cut back on the number of video games it sells, dropping support for older software.
Yesterday it revealed that sales over the Christmas period were down by 16 per cent, with chief exec Simon Fox admitting the company lost share in games to supermarkets and online rivals.
According to a report by The Telegraph, video games make up 20 per cent of the retailers offering, but Fox said that "one of the things we will do is look at what percentage of games should make up as part of the mix."
Abandoning "the long tail of older software" HMV could just focus on new releases, said Fox.
The retailer has £160 million worth of debt. It has made headway in new sales by introducing technology product to its stores, with sales up 51 per cent, primarily due to the trade in headphones.