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GameStop sales dip; Still doing better overall than rest of video games industry


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Showing 1-16 of 16 posts in this discussion
Initial post: Jan 8, 2013 1:12:04 PM PST
http://www.mcvuk.com/news/read/digital-up-pre-owned-down-as-gamestop-reports-4-6-sales-drop/0108976

Global games retailer GameStop has fared better than the overall games market by posting a sales drop of just 4.6 per cent for the nine weeks ending December 29th.

Global sales for the period were $2.88bn. Like-for-like sales fell 4.4 per cent, with the US declining 3.5 per cent and international falling 6.4 per cent.

Hardware sales in the period fell 2.7 per cent despite 320,000 Wii U unit sales. New game software sales dipped 5.1 per cent while pre-owned nosedived by 15.6 per cent - a number GameStop blames on "limited inventory due to fewer new titles released throughout 2012 and less promotional activity negatively impacted sales compared to last year".

Digital sales were the exception, however, climbing over 40 per cent. Global e-commerce sales were up 20.5 per cent.

GameStop has changed fourth quarter predictions from between -7.0 per cent and -4.0 per cent to between -9.0 per cent and -7.5 per cent.

"GameStop experienced mixed results during the holiday selling period. Our successful Wii U launch, strong digital growth and continued momentum in the mobile space were countered by a decline in store traffic," CEO Paul Raines stated.

"As a result, GameStop expects its fourth quarter 2012 earnings per share results to be at the low end of its current guidance range. Our strong market share positions us well for the future, and we look forward to new product launches in 2013."

Posted on Jan 8, 2013 1:17:39 PM PST
"fewer new titles released throughout 2012"

Fewer than in 2011? Is this accurate?

Also, does anyone use GameStop's digital distribution?

Posted on Jan 8, 2013 1:18:13 PM PST
Lyrick_ says:
Strong digital growth and a decline in store traffic...

Sounds like the future is coming.

In reply to an earlier post on Jan 8, 2013 1:18:36 PM PST
What is GameStop's digital distribution? Kongregate? I think I looked at it once but never bought anything.

In reply to an earlier post on Jan 8, 2013 1:20:40 PM PST
Nothing but Donkey Kong here at GameStop!

In reply to an earlier post on Jan 8, 2013 1:22:35 PM PST
I think that pretty much answered my question.

Kongregate is mostly browser games, I think, but is owned by Gamestop.

http://www.impulsedriven.com/

This is Gamestop's digital distro service. They bought it from Stardock a few years ago.

In reply to an earlier post on Jan 8, 2013 1:23:30 PM PST
uncledonnie3 says:
Impulse.

In reply to an earlier post on Jan 8, 2013 1:24:38 PM PST
Last edited by the author on Jan 8, 2013 1:24:54 PM PST
Oh, well... let's have a look.

Saints Row the Third Full Package for $49.99? Great deal!

http://www.impulsedriven.com/products/ESD-IMP-W3881

Now I know why I haven't purchased any digitally distributed products from GameStop.

Posted on Jan 8, 2013 1:25:10 PM PST
StriderNeo15 says:
I'm going to give Gamestop some sales this afternoon.

Posted on Jan 8, 2013 1:26:44 PM PST
Benpachi says:
I will be picking up Anarchy Reigns from these evil people in about an hour.

In reply to an earlier post on Jan 8, 2013 1:29:15 PM PST
You bastard! You're helping the terrorists!

In reply to an earlier post on Jan 8, 2013 1:29:37 PM PST
Benpachi says:
Bakkalakadaka!

In reply to an earlier post on Jan 8, 2013 1:47:28 PM PST
MrFoxhound says:
Time to close the margin even more between used and new. Maybe $.50 difference?

Posted on Jan 8, 2013 1:50:16 PM PST
This is one of the moments that I miss the poster Gamestop. I could see him writing, "I put my hand up on my hip. When I dip, you dip, we dip." Of course, he would only do this if he was as dorky as I am.

In reply to an earlier post on Jan 8, 2013 1:53:14 PM PST
jtshiel says:
I miss Gamestop.
I'll ask him to come back.

In reply to an earlier post on Jan 8, 2013 1:55:10 PM PST
Ahhhh! Durka Durkastan! I should have guessed!
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This discussion

Discussion in:  Video Games forum
Participants:  11
Total posts:  16
Initial post:  Jan 8, 2013
Latest post:  Jan 8, 2013

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