GameStop Post Bumper Sales Figures

By Darryl Kaye on March 24, 2011, 1:04PM EDT
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North American retailer, GameStop, has posted record figures again, as details of its 2010 fiscal year were published. Compared to the previous year, the company saw a net earnings increase of 8.1 percent.

One of the key elements to this rise was the digital marketplace. GameStop saw a 61 percent year-on-year increase in revenue generated by the sales of digital console and PC titles.

Its total revenue generation for the year stood at $9.47bn, with net earnings reaching $408m. Because of this, GameStop announced that they would be opening 200 new stores throughout 2011 - although 200 ineffective stores would be shutting down as a result.

Source: MCV

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