Sentences with phrase «hurts holiday demand»
NEW YORK (Reuters)- Sony Corp's PlayStation 3 video game console and its portable cousin, the PSP, are selling faster than expected and are poised to meet full - year sales targets even if the current economic crisis hurts holiday demand, Sony said on Wednesday.
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The demand woes are essentially tied to three main factors: Across the industry, retailers still had to unload food shipments from the fourth quarter, resulting in some delayed ordering at the start of 2017; executives also blamed a delay in tax refunds for hurting consumer demand during the quarter; and then there was a shift in the timing for Easter — the holiday landed in March for 2016 but April this year.