GameStop Holiday Sales Down Overall, But Software Is Up
Well, when you don't have two brand new consoles to promote during the holidays, the numbers are bound to drop.
Even so, retailer GameStop didn't have a bad holiday season. The company has reported their sales for the nine-week period that ended January 3.
Overall sales fell 6.7 percent to $2.94 billion and comparable store sales fell 3.1 percent (3.3 percent in the US and 2.7 percent globally). Obviously, with the PlayStation 4 and Xbox One launching in November 2013, there was going to be at least a slight drop in 2014. Hardware fell 32 percent year-over-year; however, new software grew 5.8 percent thanks to the 94.4 percent jump in PS4 and Xbox One sales.
The retailer's pre-owned business dropped 1.3 percent but the growing mobile and consumer electronics category rose 28 percent, and the digital business leaped 42.8 percent ($296.6 million) so really, it's still mostly roses for GameStop.
1/13/2015 9:14:35 PM John Shepard