After years of record-breaking holiday sales, GameStop reports its second-highest holiday sales ever, citing economic weakness, item shortages, and winter storms as reasons for the lack of upward momentum.
The 2007 holiday season saw GameStop sales up 35% over the previous year. In 2008, they were up 22%. This year, however, things remained relatively flat as far as GameStop's year-over-year holiday sales went, with numbers failing to surpass 2008's by a small margin. Indeed, the company reports sales of $2.86 billion for the 9-week period ending on January 2nd, while last year's figure was $2,856.0 million. I'm assuming they rounded up.