GAME emerges as one of High Street's festive winners

Like for like sales surge 90 per cent YOY for six weeks ending January 4th.
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Like-for-like sales at the UK’s leading video games retailer GAME grew 90 per cent year-on-year for the six weeks ending January 4th.

Total sales jumped 83 per cent with online sales rocketing by 213 per cent.

The news has prompted speculation that the retailer - which less than two years ago had to be bought out of administration - will make a return to the stockmarket. Sky News reported earlier this week that GAME Retail is close to cementing plans for a £300m flotation and is near to appointing HSBC, Canaccord Genuity and Liberum Securities to coordinate an initial public offering for later this year.

GAME fell into administration in March 2012, resulting in the closure of nearly 300 stores.

It was acquired in April 2012 by a consortium of investors.

Successful launches of Microsoft's Xbox One and Sony's PlayStation 4 boosted the retailer through the Christmas period.

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