Content about Video game industry

March 28, 2013

GameStop Corp reported a nearly 50% increase rise in fourth-quarter profit fueled by gains in its mobile and digital businesses.

Grapevine, Texas -- GameStop Corp reported a nearly 50% increase rise in fourth-quarter profit fueled by gains in its mobile and digital businesses. Profit rose to $261.1 million from $174.7 million.

Revenue for the quarter ended Feb. 2, 2013, totaled $3.56 billion compared to $3.58 billion last year. Same-store sales were down 4.6%.

January 6, 2012

Family Dollar Stores Inc. reported that its first quarter profit rose 8% to $80.4 million, compared with $74.3 million in the year-ago period.

Matthews, N.C. -- Family Dollar Stores Inc. reported Thursday that its first quarter profit rose 8% to $80.4 million, compared with $74.3 million in the year-ago period.

Sales for the period ended Nov. 26, 2011, rose to $2.15 billion from $2 billion in the year-ago period, missing Wall Street’s expected $2.17 billion in revenue. Same-store sales rose 4.1%.

November 30, 2011

Despite all of the hype surrounding mobile commerce, just 36% of chief marketing officers at retail companies have included mobile in their holiday marketing strategies this year, according to a recent BDO USA survey.

Chicago -- Despite all of the hype surrounding mobile commerce, just 36% of chief marketing officers at retail companies have included mobile in their holiday marketing strategies this year, according to a recent BDO USA survey. And of the CMOs incorporating mobile, 84% say it accounts for less than 10% of their holiday marketing efforts. The findings are from the most recent edition of the BDO Retail Compass Survey of CMOs, which examined the opinions of 100 chief marketing officers at leading retailers located throughout the country.

November 30, 2011

After a strong Black Friday and Cyber Monday, overall holiday spending is expected to increase 3.3% to $64.3 billion, according to the industry research firm IBISWorld.

Los Angeles -- After a strong Black Friday and Cyber Monday, overall holiday spending is expected to increase 3.3% to $64.3 billion, according to the  industry research firm IBISWorld.

November 21, 2011

A report released by CBRE Econometric Advisors, a division of Los Angeles-based CBRE Group, said that the U.S. retail real estate sector’s availability rate is expected to decline to 12.4% by the end of 2012.

Boston -- A report released Monday by CBRE Econometric Advisors, a division of Los Angeles-based CBRE Group, said that the U.S. retail real estate sector’s availability rate is expected to decline to 12.4% by the end of 2012.

In 2013, the national retail availability rate, including neighborhood and community centers, will drop further, reaching 11.7%.
 
In third quarter 2011 the retail availability rate was 13.2%. This rate remains well above the previous availability peak of 11.3% set in second quarter 1992.

November 17, 2011

Dollar Tree reported that profit for the third quarter rose 12.1% to $104.5 million, from $93.2 million a year earlier.

Chesapeake, Va. -- Dollar Tree reported Thursday that profit for the third quarter rose 12.1% to $104.5 million, from $93.2 million a year earlier.

Revenue rose 11.9% to $1.6 billion, surpassing Wall Street’s expected $1.58 billion. Performance has been consistent with the strength of the category, as the discounter has recorded double-digit year-over-year percentage revenue increases over the past five quarters.

Same-store sales rose 4.8% in the third quarter.

November 17, 2011

E-commerce sales in the U.S. for the November and December holiday shopping season will rise 16.8% to $46.7 billion in 2011, up from $39.9 billion last year and representing a pace five times faster than total retail industry growth, according to eMarketer.

New York City – E-commerce sales in the U.S. for the November and December holiday shopping season will rise 16.8% to $46.7 billion in 2011, up from $39.9 billion last year and representing a pace five times faster than total retail industry growth, according to eMarketer.

That means online sales growth will reach double digits for the third consecutive year, even though the economy remains shaky and consumers are keeping tight budgets.

November 8, 2011

Online jewelry retailer Blue Nile announced that CEO Diane Irvine has resigned from the company, effective Nov. 11.

Seattle -- Online jewelry retailer Blue Nile announced that CEO Diane Irvine has resigned from the company, effective Nov. 11.

Vijay Talwar, senior VP and general manager of international, has been appointed interim CEO. During the transition period, chairman Mark Vadon will take an active role in the leadership of the company, working closely with Talwar. Vadon will also lead the search for a permanent CEO.
 

November 2, 2011

Casual Male Retail Group said that it has launched e-commerce site DestinationXL.com, created in tandem with e-commerce and digital marketing firm Acquity Group.

Canton, Mass. -- Casual Male Retail Group said Wednesday that it has launched e-commerce site DestinationXL.com, created in tandem with e-commerce and digital marketing firm Acquity Group.

The new site includes a built-in size profiler – a customization tool that allows customers to enter and save their size specifications for either current or future shopping experiences.

October 4, 2011

The 134-store arts and crafts chain A.C. Moore said Tuesday it has agreed to be acquired by an affiliate of arts and crafts distributor Sbar’s Inc. for about $40.8 million.

Berlin, N.J. — The 134-store arts and crafts chain A.C. Moore said Tuesday it has agreed to be acquired by an affiliate of arts and crafts distributor Sbar’s Inc. for about $40.8 million.

Last January, the company said it had formed a committee to review strategic alternatives, including a potential sale.

September 8, 2011

Videogame maker Electronic Arts has entered the retail arena, opening the EA Sports Experience store, at the Charlotte Douglas International airport, Charlotte, N.C.

New York City -- Videogame maker Electronic Arts has entered the retail arena, opening the EA Sports Experience store, at the Charlotte Douglas International airport, Charlotte, N.C. It will open two additional U.S. airport locations by the end of 2011.

The store sells EA Sports’ games and branded apparel, as well as gear from local sports teams. It features televisions with live sports programming, comfortable seating and electrical outlets to charge portable devices. Customers can also play their favorite EA Sports video games.

August 30, 2011

Barnes & Noble said Tuesday it narrowed its net loss in its fiscal first quarter as sales of its Nook e-book reader and e-books helped offset lower physical book sales.

New York City -- Barnes & Noble said Tuesday it narrowed its net loss in its fiscal first quarter as sales of its Nook e-book reader and e-books helped offset lower physical book sales. The chain, which recently received a $204 million investment from former suitor Liberty Media, said sales of Nooks, e-books and magazines and other digital content and accessories, rose 140% to $227 million during the quarter.

August 18, 2011

Casual Male Retail Group reported Thursday that second-quarter net income surged 17% to $6.6 million, compared with $5.6 million a year earlier.

Canton, Mass. -- Casual Male Retail Group reported Thursday that second-quarter net income surged 17% to $6.6 million, compared with $5.6 million a year earlier.

Revenue increased 3.8% to $100.9 million in the period, surpassing Wall Street expectations of $99.5 million.

June 27, 2011

Electronic Arts, the Redwood City, Calif.-based sports video game developer, will make its freestanding retail debut this fall, opening an EA Sports store in North Carolina’s Charlotte/Douglas International Airport.

New York City -- Electronic Arts, the Redwood City, Calif.-based sports video game developer, will make its freestanding retail debut this fall, opening an EA Sports store in North Carolina’s Charlotte/Douglas International Airport.

The company is looking to open at least two additional stores in the next year.

March 18, 2011

Casual Male Retail Group reported net income of $5.3 million for its fourth quarter, up from $3.6 million in the year ago period.

Canton, Mass. -- Casual Male Retail Group reported net income of $5.3 million for its fourth quarter, up from $3.6 million in the year ago period. The retailer also said it will expand its superstore format, Destination XL, with 10 to 14 new stores due to open this year.

Sales for the quarter ended Jan. 29 were up 0.7% to $111.5 million, from $110.7 million a year ago. Same-store sales rose 2.9%.

February 23, 2011

Dollar Tree's fiscal fourth-quarter earnings rose 20.4% to $162.5 million amid rising sales and widening margins.

Chesapeake, Va. -- Dollar Tree's fiscal fourth-quarter earnings rose 20.4% to $162.5 million amid rising sales and widening margins.

Net sales for the quarter, which ended Jan. 30, increased 10.7% to $1.73 billion . Same-store sales were up 3.9%.

The company's top-performing categories in the quarter included food, party supplies, health and beauty care, and housewares and home products.

November 30, 2010

Philadelphia - Monetate, which tests, targets, and personalizes websites, has renewed its contract with Canton, Mass.-based Casual Male Retail Group.
"Monetate continues to drive incremental revenue for us because of the exceptional testing and targeting features that it provides,” said Ric Della Bernarda, chief marketing officer and senior VP, Casual Male Retail Group. “With Monetate on our websites, we have the ability to deliver relevant and personalized content to all of our visitors, throughout their online shopping experience."

August 18, 2010

Casual Male Retail Group reported Thursday that net income jumped 54% in the quarter ended...

March 17, 2010

Casual Male Retail Group reported a profit increase in the fourth quarter as it cut...

March 16, 2010

A.C. Moore Arts & Crafts posted a smaller fiscal fourth-quarter loss Wednesday, helped by lower...

January 7, 2010

GameStop Corp. Thursday said its nine-week holiday same-store sales fell 8.6%....

January 26, 2009

Tuesday Morning reported Tuesday that net sales for the second quarter of fiscal 2009, ended...

January 6, 2009

Hot Topic reported on Wednesday that its December same-store sales rose 4.3%, compared to a...

December 2, 2008

Dollar General has appointed Richard Dreiling as chairman of the board, effective immediately....

November 19, 2008

Casual Male Retail Group said Thursday that the company had a net loss of $3.2...