Videogame sales down at Best Buy
US retailer blames reduced sales of home consoles for single digit decline
Sales of videogame software were down over the Christmas period for US retailer Best Buy, which blamed slower hardware sales for the decline.
The company generated USD 7.5 billion in revenues in December, a rise by four per cent over the previous year, but sales for entertainment software were down 12.2 per cent.
"Videogaming comparable store sales declined by the mid single digits, primarily due to a shift toward software and reduced sales of large-ticket consoles, as well as comparisons with strong results in the prior year’s period," said the company in a statement.
Entertainment software, which includes DVD and music CD sales, generated USD 1.9 billion during the month.