{"id":4434,"date":"2013-03-30T18:25:59","date_gmt":"2013-03-31T01:25:59","guid":{"rendered":"https:\/\/kmtechblog.com\/?p=4434"},"modified":"2013-03-30T18:25:59","modified_gmt":"2013-03-31T01:25:59","slug":"gamestop-sales-flat-ahead-next-generation-console-launches","status":"publish","type":"post","link":"https:\/\/kmtech.blog\/?p=4434","title":{"rendered":"GameStop Sales Flat Ahead of Next Generation Console Launches"},"content":{"rendered":"<p>GameStop\u00a0chief Paul Raines referred to 2012 as a \u201cchallenging year for console gaming\u201d in a statement related to the new and used game retailer\u2019s financial report for its fourth quarter and fiscal year ended February 2, 2013. Total global sales stayed flat at $3.56 billion compared to $3.58 billion in the same quarter a year ago, and consolidated comparable store sales decreased 4.6 percent. With new consoles on the horizon from Sony and Microsoft, GameStop expects sales to pick up by year\u2019s end.<\/p>\n<p><!--more--><\/p>\n<p>\u201cWe focused on factors within our control. We expanded our market leadership position, maintained our financial strength and controlled our spending,\u201d\u00a0<a href=\"http:\/\/phx.corporate-ir.net\/phoenix.zhtml?c=130125&amp;p=irol-newsArticle&amp;ID=1801375&amp;highlight=\" target=\"_blank\" rel=\"noopener\">Raines said in a statement<\/a>. \u201cPerhaps most importantly, we invested in our mobile and digital businesses to position the company for future success. These channels delivered as planned and significantly contributed to our highest ever gross margin and profitability.\u201d<\/p>\n<p>GameStop noted 60.3 percent growth in digital receipts, along with $100 million in mobile sales offsetting weakness in the company\u2019s core business.<\/p>\n<p>Looking ahead, Raines is confident GameStop will \u201creturn to growth with the launch of new game systems.\u201d The company also expects a strong finish to 2013 with the release Grand Theft Auto V. Until then, however, the company anticipates gamers will be tighter with their wallets as they wait for next generation hardware to emerge.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>GameStop\u00a0chief Paul Raines referred to 2012 as a \u201cchallenging year for console gaming\u201d in a statement related to the new and used game retailer\u2019s financial report for its fourth quarter and fiscal year ended February 2, 2013. Total global sales stayed flat at $3.56 billion compared to $3.58 billion in the same quarter a year [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[12],"tags":[],"class_list":["post-4434","post","type-post","status-publish","format-standard","hentry","category-gaming","et-doesnt-have-format-content","et_post_format-et-post-format-standard"],"_links":{"self":[{"href":"https:\/\/kmtech.blog\/index.php?rest_route=\/wp\/v2\/posts\/4434","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/kmtech.blog\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/kmtech.blog\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/kmtech.blog\/index.php?rest_route=\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/kmtech.blog\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=4434"}],"version-history":[{"count":0,"href":"https:\/\/kmtech.blog\/index.php?rest_route=\/wp\/v2\/posts\/4434\/revisions"}],"wp:attachment":[{"href":"https:\/\/kmtech.blog\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=4434"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/kmtech.blog\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=4434"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/kmtech.blog\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=4434"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}