Gamedaily.biz writes: A report suggests that GameStop's used sales account for nearly 50% of its business, and this should allow the retailer to thrive even in a recession.
While a number of retailers and businesses seem to be feeling the pressure of the near-recession economy in the U.S. there's been much talk about the video game industry being "immune." Perhaps the best example of this is leading retailer GameStop, which has been one of the prime beneficiaries of the exploding video game market. Over the recent holiday period, the retailer generated an impressive $2.3 billion in sales.
And while the game companies certainly don't like it, it's GameStop's used business, not new games and hardware, that are really driving the bottom line.