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GameStop Makes $1.69 Billion, Names Quarter's Best Sellers

Illustration for article titled GameStop Makes $1.69 Billion, Names Quarters Best Sellers

The GameStop corporation happily announced today that its earnings had shot up 5.2% for the quarter ending November 1, with over $1.69 billion in sales. During that quarter GameStop opened 191 new stores, 94 in the United States and 97 internationally. It also snatched up French games retailer Micromania, expanding its influence even further. We hope they bought the protection plan with their Micromania purchase, just in case it gets scratched or... or worse! New video games sales were up 10%, with GameStop reporting that its five best sellers were Madden NFL 09, Star Wars: The Force Unleashed, Fable II, Wii Fit and Guitar Hero World Tour. "Despite the dramatic decline of the global economy and its severe impact on the entire retail industry, GameStop had a strong quarter," Daniel DeMatteo, Chief Executive Officer, said. "Sales have been very robust over the last several weeks, driven by strong new title releases such as Activision's Call of Duty: World at War and World of Warcraft: Wrath of the Lich King, and Microsoft's Gears of War 2."


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Its incredible that a gaming store could thrive in this economy. You would think that games would be among the first things cut out in these times, I know I've had trouble affording all the new releases...