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GameStop posts record results

US retailer GameStop has posted net earnings for its fourth financial quarter at USD 232.3 million, up 22.4 per cent on the previous year.

The performance was as a result of continued strong sales of videogames in that quarter totalling USD 3.5 billion, up 21.9 per cent on the previous year, while total sales for the year hit USD 8.8 billion, compared to the fiscal 2007 total of USD 7.1 billion.

"In spite of the current worldwide retail environment, GameStop's financial performance is being driven by delivering to consumers what they want: stores in a wide range of locations, knowledgeable associates and most importantly, options that provide value," said Daniel DeMatteo, the company's CEO.

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gamesindustry.biz
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