Grapevine-based GameStop reports record holiday sales

by PegNews wire

GRAPEVINE — GameStop Corp., the world’s largest video game and entertainment software retailer, today reported sales results for the nine-week holiday period ending January 5, 2008.

Total sales for the 2007 holiday period were $2,334.4 million, a 34.7% increase from the prior year holiday period of $1,732.8 million. Comparable store sales for the holiday period increased 20.0%.

R. Richard Fontaine, Chairman and Chief Executive Officer, commented, “Driven by robust domestic and international sales, GameStop achieved the most successful holiday season results ever. Video game software sales grew by 45%, while the next generation installed base is now triple last year’s base and a very positive leading indicator for future sales growth.”

The top five video games sold during the holiday period were Activision’s Guitar Hero III, Call of Duty 4: Modern Warfare, Assassin's Creed by Ubisoft, Electronic Art’s Rock Band and Nintendo’s Super Mario Galaxy.

Source: Gamestop