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GAME Group to set out three year plan

GAME Group to set out three year plan.

CITY & CORPORATE

GAME Group to set out three year plan

GAME Group to set out three year plan.

The retailer of pc and video games will host a strategic update for analysts today in London, outlining the initiatives for further business development. The presentation will be hosted by Ian Shepherd, Group Chief Executive and Ben White, Group Finance Director.
 
During the presentation GAME will unveil strategic goals which will result in the following:
 
•      Delivery of a step change in GAME's online revenues
•      Achieving seamless multichannel integration
•      Driving increased footfall conversion rates
•      Maximising new revenue streams and providing new payment options
•      CRM initiatives to deliver material revenue upside
 
Ian Shepherd, Group Chief Executive commented,'Today is an important day for GAME as we set out our strategic direction for the business. Importantly we will set out how we will invest behind our strategy and give clarity about how we will track delivery of our plans.
 
Over the next three years we are confident that the delivery of our strategic goals will be profit enhancing. The activities announced today will increase our revenues from new and existing channels, which will improve overall profitability. The gross margin percentage will decrease as online and digital revenues become a larger part of our sales mix. In 2011/12 we anticipate there will be a margin impact of around 100 bps as we reposition our business to be truly multichannel.
 
Across the three year period we expect our operating cost base and capital expenditure to be broadly in line with 2010/11. In the short term, we have chosen to invest nearly all of the £15m of cost savings we expected to achieve in 2011/12 to deliver on our strategic goals.'

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