GameStop reports $3.02 billion in holiday sales

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GameStop reports $3.02 billion in holiday sales
GameStop has announced that for the nine weeks ending January 1, 2011, the company had sales of $3.02 billion -- a new record. The percentage breakdown across new and used products remained relatively flat year over year, but the sales increase is quite significant from last year's $2.86 billion (and we're still in a bad economy).

Company president Tony Bartel noted, " sales rose more than 100% versus last year, far outpacing online industry growth during the period, remaining the fastest growing website in the video game space."

Hardware sales improved 7.4 percent during the quarter "primarily" due to the "successful debut" of Microsoft's Kinect. The company's "other" category, which includes PC games and accessories, grew 15.9 percent, due to PlayStation Move and a little game called World of Warcraft: Cataclysm. GameStop's full year results will be announced in March.
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