You Won't Believe How Much GameStop Raked in Over the Holidays

[Greg Tito]

You Won't Believe How Much GameStop Raked in Over the Holidays

If the last nine weeks of 2010 are any indication, it was a very good year for GameStop.

The largest U.S. game retailer reported today that it sold $3.02 billion worth of games and hardware this Holiday season. There was growth in nearly every sector of its business, with total sales up 5.4 percent from last year, gift card sales climbing up 32 percent, and digital sales doubling. GameStop CEO, Paul Raines, points to Microsoft's Kinect and his commitment to the digital marketplace as the root of all of his money hats.

"GameStop exceeded its holiday sales plan based on the strength in Kinect hardware and new software sales driven by core titles," said Raines. "Additionally, our PowerUp Rewards loyalty program, already six million members strong, gave consumers more reasons than ever to shop GameStop across multiple channels."

Big name titles like CODBlops and WoW: Cataclysm didn't hurt either, pushing new software sales up 3.3 percent and "Other" sales (where GameStop inexplicably puts PC games and peripherals) grew 15 percent. Even used sales got a bump over 2009, with an 8.5 percent lift in December.

In short, GameStop is loaded [http://www.imdb.com/title/tt0110074/].

Source: Gamesindustry.biz [http://www.gamesindustry.biz/articles/2011-01-06-kinect-new-core-titles-drive-USD3bn-xmas-for-gamestop]

(Image [http://www.flickr.com/photos/moe/2574430333/])

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[Jamboxdotcom]

nice gross, but what was its net? i bet it ain't that great, unless most of their sales were used crap.

 

[JeanLuc761]

Nice. So we had the best year in recent history, yet they still cut our hours below the minimum? Bah!

 

[the_pleasure_is_mine]

I wonder how GAME/Gamestation did... I only really shop at GAME and CEX anymore.

 

[Swaki]

damn, GameStop in the states must be awesome, in Denmark they are a joke, they have almost no games with a single title filling up a entire display, charge 20% more than its competition, have almost no stores and have terrible customer support, they are actually getting their ass handed to them by blockbuster, who have gone bankrupt in the states, but over here they are at every corner.

so yeah, American retailers do completely opposite in Denmark.

 

[Celtic_Kerr]

damn, GameStop in the states must be awesome, in Denmark they are a joke, they have almost no games with a single title filling up a entire display, charge 20% more than its competition, have almost no stores and have terrible customer support, they are actually getting their ass handed to them by blockbuster, who have gone bankrupt in the states, but over here they are at every corner.

so yeah, American retailers do completely opposite in Denmark.

The Canadian Equivalent to Gamestop is actually really good. Good prices, good deals (the ones I've gone to atleast). Sorry to hear that Denmark is a bit backwards in terms of game stores

 

[Count Igor]

I laughed when I saw Codblops.
I shall use that from now on when talking about Black Ops.
It's pronounced Cod. Blops. Not Black Ops. Cha.

 

[SoulChaserJ]

Gamestop should be renamed MoneyStop(And Drop). I love the place as a real live haven for geeks/nerds/gamers to shoot the shit with other geeks/nerds/gamers. But as a retailer of used goods they're outrageous. Only Gamestop and used car dealers offer you 25%(or less) of the retail price to buy your used goods, then turn around and charge 85% of retail to sell it.

 

[Assassin Xaero]

nice gross, but what was its net? i bet it ain't that great, unless most of their sales were used crap.

And they had buy two get one free used game sales every other month or so...

 

[Worgen]

Gamestop should be renamed MoneyStop(And Drop). I love the place as a real live haven for geeks/nerds/gamers to shoot the shit with other geeks/nerds/gamers. But as a retailer of used goods they're outrageous. Only Gamestop and used car dealers offer you 25%(or less) of the retail price to buy your used goods, then turn around and charge 85% of retail to sell it.

I dont know, I got 30 bucks trade in for ass creed bro hood and it retails for only 40 right now

really depends on the item you trade in

 

[Tim Latshaw]

nice gross, but what was its net? i bet it ain't that great, unless most of their sales were used crap.

Isn't used crap their specialty?

 

[XT inc]

Its because their prices were rip offs, I had to scold my mom for shopping there, when I saw the game prices when I returned udraw. the games I wanted were 5,9,19,19,39 bucks new and she had to spend way over that and get used.

Just saying if they pricematched and then did used pricing they wouldn't make much.

 

[DeadlyYellow]

I'm sure the "Buy Two Used Games Get One Free" deal helped as well.

 

[antidonkey]

I'm happy to say they didn't get any money from me. I avoid that place as I'm not a fan of their business model. That and I really, really hate the whole magazine/preorder crap they spew when you just want to get your copy of Babrie: Pretty Pony Parade and get the hell out of there.

 

[LawlessSquirrel]

Well, good for them, I suppose. The game stores here are ludicrously overpriced and I'd love to see them start to drop away from lack of funds as an example to each other, but that's more of a local complaint.

I feel I need to comment on the little 'You Won' tab that pops up when I hover over the article link. That amused me.

 

[ace_of_something]

Yet they STILL charge more for used games than a local used game store chain we have.

 

[Rigs83]

Nice. So we had the best year in recent history, yet they still cut our hours below the minimum? Bah!

Remember the company does not care about you.

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[Chibz]

damn, GameStop in the states must be awesome, in Denmark they are a joke, they have almost no games with a single title filling up a entire display, charge 20% more than its competition, have almost no stores and have terrible customer support, they are actually getting their ass handed to them by blockbuster, who have gone bankrupt in the states, but over here they are at every corner.

so yeah, American retailers do completely opposite in Denmark.

Wait, blockbuster went under in the US? They're doing amazing in Canada!

And as someone said here. EB Games is pretty amazing in Canada. Also I've seen two or three Gamestop locations. Odd.

 

[leeloodallasmultipass]

I haven't seen one GameStop where I live in Australia (though I think there is one somewhere. Or maybe not?)

Dude, EBGames IS GameStop