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Lack of new hardware, Wii hinder GameStop’s holiday sales
Major game retailer GameStop saw minimal sales gains in the nine weeks leading up to December 31, bringing in $3.02 billion during the holiday sales period. The company blamed low Wii software sales and a 19.6 percent decline in hardware sales for the mostly flat results. It said the lack of new home consoles or low enough price points failed to stimulate the same consumer demand the retailer enjoyed in 2010. While it reported a …
