GameStop sales down 10.7% as retailer awaits next-gen rollout

Global games retailer GameStop has reported a 10.7 per cent decline in both global and like-for-like sales for Q2 2013.

Total sales fell from $1.55bn last year to $1.38bn, which was a little better than had been forecast by the company.

Digital and emerging markets fared well, however, with mobile sales growing 121.4 per cent top $55.1m and digital sales climbing 17.9 per cent to $158m.

New software sales fell 9.3 per cent and new hardware sales fell 19.4 per cent. Pre-owned sales were also down by a margin of six per cent.

Through two quarters, the year has played out as expected,” CEO Paul Raines explained. During this console transition period, our financial results have been supported by the continued growth of our emerging businesses.

Of course, excitement continues to build for the upcoming new games and the launch of the PS4 and Xbox One. As the global gaming leader, GameStop is uniquely positioned to capitalize on the new, innovative products coming to market.”