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Article: GameStop Corp. Reports Holiday Sales; Video Game Software Grows 22 Percent; Reaffirms 2002 Earnings Guidance.
- Article from:
- Business Wire
- Article date:
- January 8, 2003
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Business Editors & High Tech Writers
GRAPEVINE, Texas--(BUSINESS WIRE)--Jan. 8, 2003
GameStop Corp. (NYSE:GME), the nation's largest video game and entertainment software specialty retailer, today reported sales results for the nine-week holiday period ended January 4, 2003.
Total sales for the nine-weeks ended January 4, 2003, were $420.4 million, a 1.6% decrease from the prior year holiday period of $427.3 million. Comparable store sales decreased 9.4% for the same period. The general weakness in the overall economy, coupled with six fewer shopping days between Thanksgiving and Christmas, made for a challenging retail season; yet, GameStop ...