Friday, March 25, 2016

GameStop emerges victorious from transitional 2015

GameStop's efforts to generate growth by diversifying its business model worked well in 2015, as the video game retailer posted its third straight year of positive comps.

The Texas-based company said that for the full fiscal year of 2015 ended on Jan. 30, total sales were $9.36 billion, a 0.7% increase over 2014. Same-store sales increased 4.3% (a 4.8% increase in the U.S. and a 3% increase internationally) compared to fiscal 2014, primarily driven by sales of video game accessories, pre-owned products and collectibles. GameStop's fiscal 2015 net earnings were $402.8 million.. . . more

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