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Take-Two: Retail Environment “Remains Challenging”

“The retail environment remains challenging; retailers continue to be cautious with their spending and inventory builds… That said, for hit titles – and we’ve seen a few already this Holiday season, there’s plenty of room for inventory and plenty of appetite.”

“We get asked a lot about consumers, and if they’re going to show up this Christmas – I think it’s too early from our perspective. We wouldn’t be surprised if many consumers waited until the last minute.”

“Our own view is that there’ll be fewer bargains at the end of the Holiday season, only because retailers have been tight with inventory – and we expect that our catalogue will continue to provide predictability and visibility into our business.” – Take-Two CEO Ben Feder

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-Justin

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