A report on Next Generation
lays out Gamestop's financial performance for the fiscal year 2006. Needless to say, the world of game retail is as lucrative as ever, even if Gamestop has been making every effort
to diminish it in size
for consumers. Full-year sales experienced a surge of 72%, from $3.1 billion to $5.3 billion. Out of that, annual net earnings for the year, ending February 3, rose to an impressive $158.3 million, while operating income went up to $334 million.
Furthermore, Gamestop has expressed plans to open between 500 and 550 more stores worldwide. The group is counting on a strong first quarter in 2007, powered by the likes God of War II
, the Pokémon
franchise and several Xbox 360 titles
. With so much economic momentum, don't expect Gamestop to roll over and change their questionable pre-owned game prices or their definition of "new"