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Tuesday, May 23, 2017
Best Buy Narrows Q4 Entertainment Sales Decline

Best Buy Corp. May 22 reported a 5.6% decline in same-store entertainment sales for the fourth-quarter (ended Feb. 1). The drop in sales of video games, music and movies was less than the 18.9% decline in same-store sales during the previous-year period.

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NPD: UltraViolet Users More Tech Savvy

UltraViolet users are 11 times more likely to have made an electronic sellthrough purchase in the past year, compared to other Americans, and four times more likely to own a connected Blu-ray Disc player or other streaming media device, according to new data from The NPD Group.

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Trans World Entertainment Increases Q1 Video Sales

Trans World Entertainment Corp. May 22 reported a 2.4% increase in same-store video sales in the first quarter (ended May 3), compared to the same period a year ago.

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GameStop Revenue Up, Profit Down

Gaming retailer GameStop enjoyed a 3.4% rise in revenue for its fiscal fourth quarter (ended Feb. 1) to $3.68 billion, thanks to strong sales of both the Xbox One and PlayStation 4 gaming consoles.

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Early Release the Way to Go

Publisher Thomas K. Arnold says early electronic sellthrough is a much easier way to sell the concept of digital ownership than initiatives such as UltraViolet.

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