European high street retailer GAME has announced that the company has performed in line with forecasts for the first half of 2006, with group sales up by more than 20 per cent.
In a statement issued in advance of GAME's annual general meeting, which takes place today, chairman Peter Lewis said: "I am pleased to report that we are performing in line with our expectations for the first half of the year."
The statement went on to reveal that total group sales for the 22 week period ending on July 1st were up by 21.1 per cent, while like-for-like group sales rose by 10.1 per cent.
In the UK and Ireland, sales were up by 13.6 per cent, and LFL sales were up by 21.1 per cent. In Continental Europe, total sales and LFL sales rose by 49.7 per cent and 7.8 per cent respectively.
Lewis went on to confirm that the retailer plans to open between 60 and 70 new branches the end of the year, bringing the total number of GAME stores on European high streets to 800.
"Looking forward, the planned launch of the Sony PS3 and the Nintendo Wii in the run up to the Christmas trading season will benefit our second half," he concluded.