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Videogame Retail Thrives Despite Recession

December 12, 2008 in Industry News comments 5

Electronic Theatre reports on a UK retail survey by respected industry publication MCV stating that high street spending on videogames is actually up on 2007.

Despite a widely-reported slowdown in consumer spending on the High Street, the majority of specialist games retailers are enjoying a more lucrative Christmas than they did last year. This is according to the findings of a new nationwide study – the MCV Retail Survey 2008 – which shows that 58 per cent of UK retailers believe their Christmas takings are up on 2007...
kevcothirtythree via electronictheatre.co.uk »
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  • 0
    BlackLabel Dec 12, 08
    Chances are that games being an escapist entertainment medium, the $50 spent to get away from the worries in life are far more rewarding than say spending the same on a coffee machine. The same is probably also happening with DVD and Blu-Ray, anything digital is probably selling well in comparison to necessary items that just keep the user deep in the reality of the situation at hand.
  • 0
    kevcothirtythree Dec 12, 08
    Personally, I think it's all hysteria caused by the media.


    YES, things are VERY BAD at the minute, but the average guy on the street isn't £100's down every month as the papers suggest, he's £40 down a month. What the media does is slap a bad face on it all and discourages people from doing things like going for a night out or on holiday and buying new cars etc., but when they find they actually DO have a bit of spare cash, they'll spend it on something to do on all those nights they're now spending at home...

    That's just my opinion, however.
  • 0
    EOM Bassist Dec 12, 08
    Yeah, the recession isn't as bad as everyone's making it out to be. Sure, if you own a shop, then unlucky, but for normal people, it's not TOO bad, sometimes good, especially if shops are selling stuff cheaper, which COULD very well explain why gaming hasn't gone down since.
  • 0
    Sayyed Dec 12, 08
    Not to mention the fact that there was a crap load of great games that released this fall. And we all know how gamers are when he comes to their video games.
  • 0
    Dramon Knight Dec 13, 08
    There was a lot of good games and money is becoming tighter, so it;s kinda natural high street spendings would be up.

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