Gamestop Holiday Sales Tick Up Over Last Year
The transition toward digital doesn't seem to be hurting Gamestop much, at least not during the holiday season.
In the nine week period leading up to January 4th Joystiq reports that Gamestop has posted $3.15 billion in global sales. That is an increase of 9.3 percent over the 2012 holiday season.
Whether you are a Gamestop fan or not the information breaks down in an interesting way for industry followers. $1 billion of that was in new hardware sales, nearly twice that of 2012. Obviously this was fueled by next generation hardware. New software sales were down by about $300 million from last year, and used game sales saw a small uptick.
Chief Financial Officer Rob Lloyd said on the press release that the drop in sales of last generation hardware was steeper than expected but that interest in new hardware has offset those issues.
"Based on these results, GameStop now expects its fourth quarter and full year 2013 same store sales to be at the high end of the current guidance range," added Lloyd.
1/14/2014 12:29:26 PM David D. Nelson