i personally like gamestop there customer service is great and they have a pretty good knowledge of just about any game u ask them about.
GameStop posts record annual sales of $9.47 billion
Specialty retailer hits new highs in fourth-quarter and full-year revenues, expects 2011 numbers to grow up to 8 percent.
The digital distribution sector for games may be bigger than ever, but the same can be said for significant chunks of the brick-and-mortar market. For example, specialty retailer GameStop today announced its results for the full year and fourth fiscal quarter ended January 29, reporting record revenues for both.
For the final three months of its fiscal year, GameStop reported sales of $3.69 billion, up 4.8 percent year-over-year. Profits were also up, as the company's net earnings for the holiday period totaled $237.8 million, 10 percent higher than the prior year's fourth quarter.
GameStop's full-year figures were similarly strong, with the chain's fiscal 2010 going down as its biggest campaign to date, with total sales reaching a new high of $9.47 billion, up 4.3 percent from fiscal 2009's take of $9.08 billion. The year also saw the company gain traction with its own digital distribution efforts, selling $290 million of downloadable content for consoles and PCs, up 61 percent from 2009. The company also posted its highest-ever net earnings for the year, finishing $408 million in the black.
The retailer expects its fiscal 2011 to be even bigger, as it projected first-quarter and full-year sales to be up 6 to 8 percent. To help achieve that goal, the company is spending $100 million on "digital initiatives, technology systems and loyalty program support," with another $70 million set aside for store openings and remodeling of existing locations. While it expects to open 200 new stores in the US in 2011, GameStop also plans to close 200 stores, typically those with expiring leases in areas already served by other GameStops.
Hot Stories
Newsmakers
-
Biden: No legal problem with taxing violent games
United States Vice President Joe Biden believes there is no legal restriction on ability to tax violent media. Full Story
- Posted May 14, 2013 5:50 am AEST
-
Just Cause dev promises 'holy f**king sh**' moments in future games
Avalanche Studios co-founder says developer's ambition is for action, not moments that make players cry; steampunk-style game on hold. Full Story
- Posted May 15, 2013 11:33 pm AEST
Featured Stories
-
Bungie shoots down Destiny for PS Vita rumor
Developer confirms image suggesting version of upcoming shared-world shooter in development for Sony's latest portable is a fake. Full Story
- Posted May 16, 2013 10:08 pm AEST
-
Ubisoft planning to release games more frequently
Assassin's Creed and Far Cry publisher says its network of 26 studios and over 7,000 developers will allow company to ship major franchises more regularly. Full Story
- Posted May 16, 2013 9:42 pm AEST
-
Metro: Last Light dev responds to workplace conditions claims
4A Games creative director Andrew Prokhorov thanks Jason Rubin for telling the studio's story, but says, "We deserve the ratings we get." Full Story
- Posted May 17, 2013 5:44 am AEST
-
EA opens DICE LA to make Star Wars games
DICE head would also like to poach top talent from rivals Infinity Ward and Treyarch. Full Story
- Posted May 15, 2013 8:28 pm AEST
-
EA dropping Online Passes - Report
Future EA games won't require Online Passes; the service is being scrapped after tepid player response. Full Story
- Posted May 16, 2013 1:28 pm AEST






