Gamestop Rolls On in Down Economy
GameStop, the video game retailer, has recently released their fiscal year 2010 report and business is a boomin’! The company announced a record sales year in the neighborhood of $9.47 billion.
Profits increased to $237.8 million during the fiscal year. GameStop is looking to close 200 stores in areas that are over lapping, but also intends to use information from their “PowerUp Rewards” program to open 200 new stores in unserved areas.
The company also plans to begin opening larger brick and mortar locations that will be able to house kiosks allowing consumers to purchase digital goods from within the store. Goods can also be tied into various promotions to attract individuals into the store for either physical purchases or virtual purchases through these kiosks.
GameStop is a sign of one more business that plays a role in the digital economy that is proving that it can remain healthy in the down economy.
[Cross-posted at Digital Society]
A message from John Furrier, co-founder of SiliconANGLE:
Support our mission to keep content open and free by engaging with theCUBE community. Join theCUBE’s Alumni Trust Network, where technology leaders connect, share intelligence and create opportunities.
- 15M+ viewers of theCUBE videos, powering conversations across AI, cloud, cybersecurity and more
- 11.4k+ theCUBE alumni — Connect with more than 11,400 tech and business leaders shaping the future through a unique trusted-based network.
About SiliconANGLE Media
SiliconANGLE Media is a recognized leader in digital media innovation, uniting breakthrough technology, strategic insights and real-time audience engagement. As the parent company of SiliconANGLE, theCUBE Network, theCUBE Research, CUBE365, theCUBE AI and theCUBE SuperStudios — with flagship locations in Silicon Valley and the New York Stock Exchange — SiliconANGLE Media operates at the intersection of media, technology and AI.
Founded by tech visionaries John Furrier and Dave Vellante, SiliconANGLE Media has built a dynamic ecosystem of industry-leading digital media brands that reach 15+ million elite tech professionals. Our new proprietary theCUBE AI Video Cloud is breaking ground in audience interaction, leveraging theCUBEai.com neural network to help technology companies make data-driven decisions and stay at the forefront of industry conversations.
