On the business front, mega-video game retailer Gamestop has posted record 1st quarter earnings for 2011. The company reported an increase in total sales of 9.5%, which equates to about $2.28 billion – this, in comparison to $2.08 billion in the 2010 quarter year.
Paul Raines, chief executive officer, stated, “GameStop continues to execute its strategic plan. Our strong comparable store sales reflect record share gains, pre-owned sales acceleration, robust digital sales growth and extraordinary consumer acceptance of our PowerUp Rewards™ loyalty program. Our unique, multichannel business model makes the GameStop network the premier gaming provider.”
Also reported was that the top five games for the quarter were Nintendo’s Pokémon Black and White, Mortal Kombat from Warner Home Video Games, Capcom’s Marvel vs. Capcom 3: Fate of Two Worlds, Call of Duty: Black Ops from Activision and THQ’s Homefront.
