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GameStop reports record holiday sales
FROM TWICE: Net sales rise 34.7%
By Alan Wolf of TWICE -- Video Business, 1/14/2008
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JAN. 14 | FROM TWICE: GameStop, the world’s largest videogame specialty chain, reported a record holiday period, with net sales rising 34.7% to $2.3 billion and comp-store sales growing 20% for the nine weeks ended Jan. 5.
CEO R. Richard Fontaine said software sales grew 45%, aided by a three-fold increase in the installed base for the Xbox 360, PlayStation 3 and Nintendo Wii platforms.
The chain’s five top-selling video game titles during the holiday period were Activision’s Guitar Hero III and Call of Duty 4, Assassin’s Creed by Ubisoft, Electronic Art’s Rock Band and Nintendo’s Super Mario Galaxy.
Read the full story on TWICE.com.
