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Retailer GAME Profits Jump 20% to More than £200M - News

by William D'Angelo , posted on 16 October 2014 / 6,180 Views

Retailer GAME had a strong year. The retailer saw both revenue and profits increase in its last fiscal year which ended on July 26. Revenue was up 31 percent year-over-year to £961.8 million. Profits increased 20 percent to £209.7 million.

"GAME has delivered a strong performance in what has been a transformational year for the company, which included our successful IPO in June,” said chairman David Hamid. "We are a dynamic and well-funded company with a strong platform from which to build and drive further growth and profitability."

The retailer has grown its marketshare in the UK and Spain. There are also more than one million new customers for its Reward Card loyalty program. That brings the total number of member to 16 million.

"I am proud of the achievements of our teams in both the UK and Spain over the last 12 months," said CEO Martyn Gibbs. "Their hard work has delivered a robust performance for 2014, but more importantly, it has placed the company on a sound footing to deliver success in future years. Our financial strength, together with the investments we have made, position us well to capitalise on the opportunities ahead."

"Our gaming communities lie at the heart of our business and we remain focused on working closely with our supplier partners, innovating and investing in our offer, to ensure we consistently deliver the best interactive gaming experiences possible," continued Gibbs.

"As we move into the key trading months of the year we are encouraged by the strength of the line-up of new physical and digital games being launched and are well positioned, with exclusives secured on many of the major pre-Christmas new game releases, great deals on both mint and pre-owned, increased supplier credit, and financing facilities in place in both the UK and Spain," he concluded.

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A life-long and avid gamer, William D'Angelo was first introduced to VGChartz in 2007. After years of supporting the site, he was brought on in 2010 as a junior analyst, working his way up to lead analyst in 2012. He has expanded his involvement in the gaming community by producing content on his own YouTube channel and Twitch channel dedicated to gaming Let's Plays and tutorials. Outside, in the real world, he has a passion for the outdoors which includes everything from hiking to having received his B.A. in Environmental Studies. You can contact the author at wdangelo@vgchartz.com or on Twitter @TrunksWD.


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4 Comments
Moonhero (on 16 October 2014)

All hail Playstation.

  • +4
Moonhero Moonhero (on 16 October 2014)

You know, because it sells like a beast.

  • 0
Locknuts Moonhero (on 17 October 2014)

While I'm glad the PS4 is keeping people employed, I wish it had better exclusives. Mine hardly gets used. Pretty sure my PS+ has lapsed but I haven't checked.

  • 0
daredevil.shark (on 16 October 2014)

All credit goes to PS4. PS4 is the flagship of console gaming. It will increase more in 2015.

  • +3