Gamestop vacation gross sales down 6.7 % to $2.ninety four billion

Gamestop holiday sales down 6.7 percent to $2.94 billion

Because it does each January, ubiquitous mall retailer Gamestop has issued its vacation gross sales report. Although gross sales of $2.ninety four billion mark a yr-on-yr decline in enterprise, it comes as little shock and the retailer stays optimistic.

That $2.ninety four billion determine is overshadowed by the $three.15 billion Gamestop reported final yr (although it tops the $2.88 billion from the earlier yr’s gross sales report). The important thing purpose for this can be a yr-on-yr 32 % decline in new hardware gross sales. Whereas that appears dire, understand that the 2013 vacation season noticed the launch of each the Xbox One and PlayStation four, so the $three.15 billion Gamestop reported final yr is probably going significantly enhanced by the looks of latest hardware available on the market. The spotlight of Gamestop’s vacation gross sales report is a 5.eight % improve in new software program gross sales, which the retailer attributes primarily to a ninety four.four % bounce in gross sales of video games for the now-established Xbox One and PlayStation four consoles.

“Through the vacation interval, shopper demand for video video games was robust, leading to new software program gross sales progress,” stated Gamestop CEO Paul Raines. “We anticipate that development to proceed into the primary quarter. General, every of our enterprise models carried out nicely giving us constructive momentum as we glance towards 2015.”

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This text was initially revealed on Joystiq.

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