Video games retailer Game Digital has reported a drop in revenues and profits.
The firm is looking to “reposition and transform” its offering amid tough conditions on the High Street.
Its profits before tax fell to 拢4.1million in the year to 23 July, down from 拢25.8m a year ago.
In the same period sales dropped from 拢866.6m to 拢813.1m.
Game wants to incorporate multichannel retail, live gaming in stores and digital services.
Chief executive Martyn Gibbs said the market has “undoubtedly been tough in the past year”.
He added: “The management team responded quickly to these new market conditions and have made significant progress with its action plan since January.
“This has included improving supplier arrangements and terms, implementing efficiency and cost saving initiatives across the business; completing an organisation redesign and other process improvements.
鈥淭his programme of activity is ongoing and has started to help to improve our financial performance.”
Game hopes that the arrival of virtual reality and upgraded PS4 and Xbox One consoles will help it recover.