GameStop operated at a loss last year

By Phil Owen

For the fiscal year that for some strange reason ended on February 2, GameStop pulled in revenue adding up to $8.89 billion, which is a loss of $269.7 million, apparently. Also, that total is down seven percent year over year.

Every facet of the company showed decline year-to-year, except Other. Other is mostly digital sales. That category was up 21 percent. Impulse was apparently a good investment for them.

GameStop CEO Paul Raines thinks things are looking up this year, however. “As we look towards the start of the new console cycle, our industry market model indicates a return to growth with the launch of new game systems. GameStop is strong, healthy and ready to lead the industry and its customers into the next phase of gaming.”

Thanks, GI International