GameStop’s revenue was 11 percent down compared to the same quarter last year, with profits dropping down to $21 million versus $30.9 million last year. While physical retail sales saw double digit declines in sales, GameStop CEO J. Paul Raines pointed to the positive returns in the digital realm.
“We are pleased with our digital, mobile and new merchandising assortment such as headsets and sound accessories,” said Raines. “It is clear that our investments over the last few years are paying off within our Other category, growing 40.6 percent in the second quarter. In the digital and mobile space, we have built businesses that did not exist just 2 years ago, and today, represent 10 percent of sales.”
Source: GamesIndustry International