Scope (?):  All Topics
Hot or Not?

GameStop Reports Q1 Profits Up and Plans to Market Downloadable Content

submitted on May 28, 2010 by HouTex in "Stores / Merchants"
Retailer GameStop reported sales up 5.1 percent to $2.08 billion in its first fiscal quarter alongside increased profits of $75.2 million, up 6.8 percent year over year.

Although the company credits its used product business -- which saw margins of 48.1 percent during the quarter -- as a source of its continued resilience, new software sales were up 13.3 percent.

In the weeks ahead, the company says it will begin marketing and selling downloadable content in a group of test stores, and launch a new customer loyalty program in some markets.

The PowerUp Rewards will replace their existing paid Edge card, and there will be a free version without the discount benefits. Both versions of the cards will earn buyers points on purchases and trade-ins which can be redeemed for rewards, and consumers gain twice as many points for buying used games as they do for new games.

  • 63599
    Posted by YanBz on May 28, 2010
    [reply] 1 0
    They just sent an email announcing new promotion, so called PowerHour. I understand it will go every day for an hour at the same time and feature one product at a discount

    This morning we will be launching a new initiative - PowerHour. This will be a frequent offer on our site - a one-hour deal with incredible savings.

    Our first will be at 11:00am CST today - God of War III for $19.99. This will only be available to the first 1000 customers with a limit of 1 per order.
  • 63602
    2 4 6
    10 8 2
    Posted by pablos17 on May 28, 2010
    [reply] 1 0
    Gamestop has been really competitive with their pricing and special offers. Looks like it's helping them out quite a bit. I know that I have taken advantage of a couple of their offers here recently.

Leave a Comment (members Sign in to comment)


E-Mail (will not be published)

2 x 3 = ?


'Mr Green''Neutral''Twisted''Arrow''Eek''Smile''Confused''Cool''Evil''Big Grin''Idea''Red Face'



Browse by tags