Published 1/9/2009
by Kat Bailey
at 1UP RSS feed
It's been a tough year for retailers, but don't tell that to GameStop. They've just celebrated another holiday season of record profits.
Yahoo Finance is reporting that GameStop has declared that it "rises above recession," having racked up earnings of $2.3 billion over the nine-week holiday season -- an increase of 22.3 percent.
Chief Executive Daniel DeMatteo cited strong sales by the Wii and the Xbox 360 for being behind the boom. DeMatteo also said that the PlayStation 3 was a "great machine," but that it was "just a bit pricey for the current, economic environment."
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