HMV and Game show “impressive” sales amid struggling market

BEN STEVENS | August 6, 2018

article image
HMV and Game have both boosted their physical entertainment market share despite the sector struggling overall.According to new data from Kantar Worldpanel, video game retailer Game saw its market share of physical entertainment sales increase from 6.6 per cent in 2017 to 8.1 per cent in the three months to July 1.Meanwhile, HMV’s entertainment of physical entertainment sales jumped from 15.2 per cent to 17.7 per cent year-on-year, alongside a three per cent increase in its share of physical music sales. This demonstrates an “impressive” resilience from both high street retailers in a tough market, with physical games sales diving 11 per cent in the same period, and physical music sales dropping nearly six per cent. This was largely driven by the release of the new God of War title, which alone drove a 0.3 per cent increase in first-hand video game sales, with one in four copies being sold by Game. Average spend per buyer also helped the retailers expand their grip on the market, growing by £4 during the period. “Despite fewer people buying video overall, HMV managed to increase its share of physical sales by 1.1 per cent – an impressive achievement for the high street chain,” Kantar Worldpanel analyst Giulia Barresi said.

Spotlight

NJOY

NJOY is one of the largest independent vaping companies in the U.S. and a leader in the revolution against cigarettes. With a clear mission to Make Smoking History, NJOY offers a range of e-cigarettes and vaping devices for the millions of adult smokers looking for an alternative. NJOY is driven in its mission and commitment to improve the lives of adult smokers.

OTHER ARTICLES

3 Ways Location Technology is Changing Retail

Article | February 27, 2020

Changes fire rapidly in today’s retail environment, and legacy retailers like J.C. Penney, Walmart and others are seeking innovative new ways to capture shopper attention. While e-commerce gains raise concerns that in-store experiences are obsolete, traditional retailers continually strike back and, ultimately, online sales make up only 10 percent of all retail sales. However, traditional retailers should take heed: online shopping illustrates innovative experiences that capture consumer attention and provide inspiration in stores. Today, e-commerce platforms allow retailers to personalize shopping experiences, uncover data behind every decision, and move customers efficiently through the purchase path. While stores have struggled to do the same, location technology has helped make up the difference.

Read More

How is coronavirus impacting the retail industry?

Article | March 19, 2020

Primark is one of the latest retailers to announce the temporary closure of some of its stores, in a bid to help stop the spread of coronavirus. It has closed outlets in Italy, France, Spain, and Austria (where 30% of its revenue is generated), while its UK and Northern Ireland stores at the time of publication at least remain (perhaps controversially) open. Primark is certainly not the only one to take this kind of action. Global retailers including Glossier, Nike, Urban Outfitters, and Patagonia have all indefinitely shut their stores, purely to help prevent further outbreak. In the majority of cases, employees are being paid for lost shifts. At the same time, retailers have also updated working policies to help ease the strain on staff. Starbucks, for example, has announced that it is implementing ‘catastrophe pay’ to US employees, meaning that it will now pay staff for up to 14 days if they have been diagnosed or in close contact with someone who has coronavirus.

Read More

How to Boost Your Sales with Ecommerce Fulfillment

Article | March 3, 2020

Conditioned by ecommerce behemoths, consumers now have high expectations for online shopping and ecommerce fulfillment. They demand more than just easy product selection and ultra-fast or same-day delivery; they also want flexibility in both delivery location and delivery time, and real-time updates throughout the parcel’s journey. Smart retailers understand these rising customer demands, and therefore increasingly put the customer first – not the product – in order to build loyalty. Even one unsatisfactory experience can end an otherwise fruitful customer relationship. A recent study from BigCommerce indicates that some relationships end before they even get started. The study found 77% of online buyers abandon their purchase if the shipping cost and services are deemed unsatisfactory, and 87% will choose a retailer specifically because free shipping is offered.

Read More

Former Amazon exec on the state of retail e-commerce

Article | February 27, 2020

The e-commerce retail environment is only getting more competitive thanks to digital and increasing mobile retail innovations. And while Amazon reins supreme, and often cited as the one to beat in e-commerce, the mega omnichannel player's marketplace can be a prime opportunity for online retailers big and small, brand name or no name. To get insight on what retailers should be doing and not doing in e-commerce to attract customers and drive business we reached out to James Thomson, who headed up Amazon Services for years and runs a summit/education conference for large Amazon sellers. He's also a partner in Buy Box Experts, an agency supporting brands that sell online.

Read More

Spotlight

NJOY

NJOY is one of the largest independent vaping companies in the U.S. and a leader in the revolution against cigarettes. With a clear mission to Make Smoking History, NJOY offers a range of e-cigarettes and vaping devices for the millions of adult smokers looking for an alternative. NJOY is driven in its mission and commitment to improve the lives of adult smokers.

Events