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GameStop Corp. Message Board

  • stock2retire_4 stock2retire_4 Jan 9, 2012 11:57 AM Flag

    Digital Sales Up 60%

    The video-game retailer expects a same-store sales decline of 1% to 2% for the year, down from its November's reduced guidance of flat to down 1%, though it backed its full-year and fourth-quarter earnings guidance.
    The company said hardware sales dropped 20% for the nine weeks ended Dec. 31 as there were no new consoles to stimulate consumer demand as in 2010. Meanwhile, sales of new video game software rose 9.9% and digital sales grew 60%, driven by subscriptions for downloadable content like Call of Duty Elite. Pre-owned sales increased 3.5%.
    Overall, holiday same-store sales fell 0.3% as a 1.5% drop internationally outpaced the 0.3% rise in the U.S. Total sales were $3.02 billion, essentially flat with the year-earlier period.

 
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