Full Year Results

Wii shortage for six months, price drops for 360 and PS3 in the US, says Gamestop

According to this, Gamestop executives said in a conference call yesterday that Americans can expect Wii shortages for the next six months. The company also said that it expects price cuts for both PS3 and Xbox 360 in the US to the tune of $50 sometime in 2008. The call came after the retailer’s full […]

Full Year Results headlines

  • Pachter: Gamestop's growth won't worry Wal-Mart or Target

    Speaking after the release of Gamestop’s full-year financials, Wedbush Morgan’s Michael Pachter has added an element of calm to the retailer’s reporting of $7.1 billion sales, saying the firm is growing steadily and is unlikely to bother US monster chains Walmart or Target. “I don’t think GameStop’s growth plans in the US are much different […]

  • Gamestop hits $7.1 billion for fiscal 2007

    US retailer Gamestop has acheived sales of $7.1 billion for fiscal 2007, an increase of 33 percent over fiscal 2006. Net earnings were $288.3 million for the 52-week fiscal year 2007 compared to earnings of $158.3 million for the 53-week fiscal year 2006, an increase of 82.1 percent. The company also opened 586 new stores […]