GAME shares crash on sales drop

By Patrick Garratt
8 December 2009 10:27 GMT


GAME’s shares dropped 15 percent this morning after the UK retailer showed significant drops in sales.

For the 18 weeks to December 5, GAME reported same-store sales fell 13.9 percent, with its 701 UK and Irish stores registering a 16.6 percent drop.

Price cuts, Modern Warfare 2 and FIFA 10 clearly didn’t help.

GAME blamed increased competition from supermarkets for the rough figures.

More on MarketWatch.

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