Financial Times FT.com

Video gaming defies retail gloom

By Chris Nuttall in San Francisco

Published: December 7 2008 23:16 | Last updated: December 7 2008 23:16

The video game industry appears to be alone in bucking a retail recession as consumers turn to fitness workouts, musical jam sessions and fantasy worlds to take their minds off the credit crunch.

Microsoft has reported November as its biggest sales month in Europe for the Xbox 360 console – sales rose 124 per cent on a year ago. In the US it announced its best Black Friday, the day after Thanksgiving, with sales up 25 per cent on the year.

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