Retail
In addition, Gamestop said it thought that huge sales in October and November of Take-Two's (TTWO)Grand Theft Auto: San Andreas for PlayStation 2 and Halo 2 for Xbox led avid gamers to be "less active" in purchasing additional titles in December.
"While we were frustrated by the supply shortfall, we view this as a temporary problem, as we know that our hardware manufacturers will aggressively work to expand the user base that is so obviously ready to purchase the product," Fontaine added. "Our disappointment at not having the product to sell is, to some degree, tempered by our enthusiasm for the fact that in the fourth and fifth holiday season for Xbox and PlayStation2, demand was phenomenal." Gamestop noted that sales for the holiday period -- the nine weeks ended Jan. 1, 2005 -- totaled $577.7 million, a 13.6% increase from a year earlier. Same-store sales rose 0.9%.TheStreet Premium Services
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| Dow Jones | S&P 500 | NASDAQ | 10-Year Note |
|
|---|---|---|---|---|
| 12,393.45 | 1,310.33 | 2,827.34 | 15.81 |
Oil *
101.80
|
|
DOWN
26.41 |
DOWN
2.99 |
DOWN
10.02 |
DOWN
0.44 |
10 Yr
1.58%
SPDR Gold
151.62
|
|
-0.21%
|
-0.23%
|
-0.35%
|
-2.71%
|
Data delayed 20 minutes |
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