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GameStop expects 10-12% 2009 revenue boost, despite recession

Eric Caoili from Gamasutra writes:

"Specialty retailer GameStop expects total sales to grow by 10-12 percent to $9.68-9.85 billion in fiscal 2009 (ending January 30, 2010), despite the current global recession, according to an official statement to the stock market.

Still, the predicted increase is significantly less than the growth the company saw with its fiscal 2008 full-year sales, up 24 percent to $8.8 billion, compared to 2007's $7.1 billion.

GameStop also revealed in its earnings forecast that it expects comparable store sales to rise 4-6 percent, again much lower compared to 13.3 percent increase it saw with comparable store sales in fiscal 2008 over the previous year."

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