GameStop Posts 10.7 Percent Decline in Global Sales

Despite an increase in digital sales and mobile sales by 17.9 percent and 121.4 percent respectively for sales of $158 million and $55.1 million, retailer GameStop has announced that a global decline in sales in its Q2 2013 financial report. Sales this time around were $1.38 billion, as compared to $1.55 billion the year before.

CEO Paul Raines stated that, “Through two quarters, the year has played out as expected. During this console transition period, our financial results have been supported by the continued growth of our emerging businesses. Of course, excitement continues to build for the upcoming new games and the launch of the PS4 and Xbox One. As the global gaming leader, GameStop is uniquely positioned to capitalize on the new, innovative products coming to market.”

Pre-owned game sales fell by 6 percent with new software sales down by 9.3 percent and new hardware sales down by 19.4 percent. The latter would most likely be in the wake of announces for the release and pricing of PlayStation 4 and Xbox One.

(Source)