Analyst: GameStop to Continue Explosive Growth

Grapevine, Tex.-based retailer GameStop already has over 5,000 stores worldwide, but there's still "plenty of room ... for new store openings," one analyst says.

Colin Sebastian with Lazard Capital Markets said in a Monday investor note, "We believe GameStop continues to generate positive and steady [return on investment] on new stores despite increasing penetration in North America and in some international markets."

He added, "Moreover, the company expects to maintain the current pace of approximately 500 new store openings annually over the next three to four years, with capacity in the U.S. estimated to be 50 percent higher than current levels."

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