GameStop reports 15.6% drop in used software sales, digital sector up 40%

Tuesday, 8 January 2013 14:12 GMT By Stephany Nunneley

GameStop posted a 4.6% drop in sales for the nine weeks ending December 29, with global sales reaching $2.88 billion. Year-over-year sales declined 4.4 %, with US sales down 3.5% over the year prior, with international sales falling 6.4%. Hardware sales were down by 2.7% despite Wii U being around for the holidays and moving 320,000 units. New software sales fell 5.1%, while pre-owned software fell by 15.6%, a figure GameStop blamed on limited inventory “due to fewer new titles released throughout 2012 and less promotional activity negatively impacted sales compared to last year”. Digital sales, however, were up 40% year-over-year, and the firm’s global e-commerce sales were up 20.5%. Thanks, MCV.