Janco Partners analyst Mike Hickey has begun to offer speculation that GameStop may have been overpowered by Wal-Mart for Christmas 2008, citing economic difficulties in conjunction with Wal-Mart's major discounting power as two prime factors for the gain.
"I can't say that, because I can't actually quantify it," GameStop CEO Dan DeMatteo said at the time. "But... October was strong, and [in] the first two weeks of November, our comps [year over year comparisons] are up 20 percent -- so that implies there's foot traffic... so, at least the new titles are bringing out the buyers."
DeMatteo added that GameStop has an advantage as a specialty retailer, and so any evolutions in how it handles game inventory is lessened, compared to a big-box outfit where games are just a section.
Gamestop is expected to disclose their sales performance for 2008 on January 6th 2009.