No stopping GameStop with 1,000 stores abroad and counting

Posted Jun 26, 2007 at 1:36PM EST by QJ Staff

Listed in: Tags: Finland, GameStop, New Zealand, Puerto Rico, Texas

These days, GameStop has a lot of reasons to celebrate. It's working on an industry that's growing every day, it's posting some serious numbers financially, and has recently opened its 1,000th store outside of the US.

The Texas-based game and console retailer has opened new stores recently in Italy, Portugal, Spain, Sweden and Norway to hit the thousand-store milestone. Prior to that, the company has already branched out to Ireland, Switzerland, Australia, Guam, New Zealand, Puerto Rico, Austria, Denmark, Finland, Germany, and the United Kingdom.

GameStop points to the booming hardware sales led by Kyoto-based Nintendo with its DS handheld and Wii console. Microsoft and Sony are also pitching in with the Xbox 360 and the PlayStation 3, respectively.

Total sales posted by the retailer last year amounted to US$ 5.32 billion and is expected to grow even more this year as hot demand continues for pole platforms. The first quarter of fiscal 2007 saw GameStop with its best quarterly performance ever with US$ 24.7 million in profits while gross sales were at an all-time high of US$ 1.279 billion.

Via Game Daily

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No stopping GameStop with 1,000 stores abroad and counting

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