GRAPEVINE, Texas — Lower in-store traffic at GameStop during the holiday resulted in a decline in same-store sales during the first nine weeks of the company’s fourth quarter.
Total global sales for the nine-week period ended December 29 decreased 4.6%, compared to com 2011 holiday sales period. Comparable store sales decreased 4.4%, with U.S. comps of -3.5% and international comps of -6.4%.
Despite soft sales, GameStop highlighted several successes, including the Wii U launch and strong digital and mobile growth. Although it was not enough to offset lower store traffic, CEO Paul Raines contends that GameStop has a strong market that positions the retailer well for 2013, as do anticipated new product launches for this year.
“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,” said Paul Raines, CEO.