Games retailer Gamestop revealed a profit hike of 13.4 per cent to $70.4m (£44.4m) while like-for-likes fell 1.5 per cent in its first quarter to May 2.

The world’s largest games specialist said the like-for-like decline was due to “sharper recessionary effects in Europe and a slowdown of new console sales”. Total sales jumped 9.2 per cent to $1.98bn (£1.25bn).

Gamestop chief executive Daniel DeMatteo said: “In the second quarter we face very strong comparisons to the prior year and a significantly more brittle global economy.”