None
GameStop has released its annual earnings report, and the news is both disappointing and encouraging. According to the Wall Street Journal, “GameStop Corp.’s fiscal fourth-quarter earnings fell 7.1% as holiday sales were hurt in part by the weak economy and a shortage of gaming systems, but analysts pointed to signs that the videogame retailer’s core customer has remained loyal despite overtures from big-box retailers.” Apparently, even though forward-looking guidance by the gaming retailer has been cut, GameStop “gained global market share during the full year and delivered its second-highest earnings year” on record. Now we’ll have to see if the retailer can adjust to the increase in popularity of digital delivery, which seems to be more and more pervasive, which could wholly undercut their business model.
|
