All Entertainment articles – Page 90
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NewsRetail insolvencies rise 60 per cent
Retail collapses soared in the first quarter as companies fell victim to falling consumer confidence and a deteriorating financing environment.On average, more than seven retailers hit the wall a day in the three months to March. The number of insolvencies jumped 24 per cent on the previous quarter, according to ...
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NewsHMV to trial cinemas
HMV will open its first cinema this autumn as it continues to expand its reach beyond core entertainment retailing.
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Game posts record year but slower start to 2009
Game’s underlying pre-tax profit rocketed 67 per cent to £126.2m in the 53 weeks to January 31, although present trade has slowed.
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OpinionIT spending for success
Despite the recession and general budget belt-tightening, the results announcements from several retailers this week show just how busy IT departments are being kept.Buried in Tesco’s results is the nugget that the grocer is beavering away on migrating the systems used by Tesco Personal Finance to its own computing platforms. ...
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NewsRecord year for Game but current trading slips
Game’s underlying pre-tax profit rocketed 67 per cent to £126.2m in the 53 weeks to January 31.
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NewsBRC demands credit insurance redress at Budget
Half of large retailers say the reduction or withdrawal of trade credit insurance has undermined their ability to trade.According to the British Retail Consortium’s Credit Conditions Survey, 40 per cent of small and medium-sized retailers also say the reduction or withdrawal has undermined their position.Two thirds of larger retailers believe ...
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Play.com spurred by sales in home entertainment
E-tailer Play.com has stormed ahead of its sales expectations in the year to date, led by demand for home entertainment products such as DVDs.Chief operating officer Stuart Rowe said: “We are ahead of budget with customers spending in all areas with lower price points. We are not selling as many ...
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HMV calls time on trial store at service station
HMV has terminated the service station trial that it launched in April last year.The retailer said it felt there were “better opportunities that we could pursue elsewhere”.HMV said at the time it felt that service stations were an “interesting, low-risk opportunity worth exploring”. The store was located in a service ...
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AnalysisWhat are you doing on Twitter?
The micro-blogging website is this year’s internet phenomenon, so can Twitter form part of a serious marketing and customer insight strategy for retailers? Joanna Perry investigates
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NewsThe Entertainer ups multichannel fulfilment options
Toy retailer The Entertainer is to expand its multichannel offer by introducing collect in-store and home delivery services.
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Borders US fears grow as market woes widen losses
Embattled bookseller Borders US has plunged further into the red, prompting some experts in the US to suggest Chapter 11 bankruptcy may be its only chance of survival.The company reported a consolidated loss of $16.2m (£10.9m) in the year to January 31 compared with a consolidated loss of just $400,000 ...
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Strong range and academic focus help Blackwell defy downturn
Academic bookseller Blackwell is defying the slump in the book industry, with like-for-likes up 2 per cent in its financial year to date.
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Downloads and downturn hit independent music stores
A quarter of the UK’s independent music stores have shut over the past year, a study has found.The Entertainment Retailers Association (ERA) reported that there are now only about 300 such shops left, compared with 408 in 2007 and more than 1,000 a decade ago.Indie music shops have fallen victim ...
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NewsHalf of Brits fear losing their jobs, according to Asda survey
Half the population fear losing their jobs during the next six months and two thirds would be prepared to take a pay cut or a reduction in hours to avoid being made redundant, according to an Asda survey.The survey of 1,000 people also found that half expect their pay to ...
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NewsArgos launches entertainment website
Argos has launched an entertainment website selling 125,000 CDs and DVDs.Argosentertainment.co.uk is separate to the retailer’s main site and will enable it to “enter a popular market and offer a large choice of CDs and DVDs to customers shopping online”.Games will not be available on the site, but can be ...
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Game streaming service threatens the specialists
Video game specialists are likely to come under threat as a new online game distribution system emerges from the US.Onlive allows players to stream high quality on-demand games onto any Intel-based Mac or PC running XP or Vista. Games do not have to be downloaded and no specific console hardware ...
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Operating in a downturn: strategies for success
It’s not all doom and gloom. The big hitters had lots of practical insight into surviving the crunch at this year’s Retail Week Conference. We summarise some of the hot topics discussed at the event
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February sales volume growth slows
The volume of retail sales in February was 0.4 per cent higher than last year, showing the lowest growth rate since September 1995.
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Woolworths' former book wholesale arm sold to Smiths News
Bertram, the book wholesaler formerly owned by collapsed retailer Woolworths, has been sold to Smiths News for 8.6m.
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Games sales help retailers defy downturn
Entertainment retailers were lifted by rising sales of computer games last year, according to the Entertainment Retailers Association.