GRAPEVINE, TX-GameStop is upping its store-opening plans by about 100 units this year from its 2006 expansion. The video-game retailer has between 500 and 550 stores in the works for the fiscal year, an increase from the 421 that opened their doors last year.

Just more than 60% of the new units are planned for domestic locations, while the rest will open in foreign countries. The company also plans 75 closures worldwide, down from the 131 doors it shut last year. Overall, GameStop operates 4,778 stores in 15 countries, mostly in the US.

Last year GameStop fully integrated the more than 2,000 stores it gained as a result of its acquisition of competitor EB Games in 2005, said R. Richard Fontaine, the company’s chairman and chief executive officer, during GameStop’s fourth-quarter conference call. That merger has let the retailer better pick its real estate, he says.

Specifically, the chain doesn’t feel pushed by shopping-center owners to go into untested, new developments, Fontaine says. “We don’t have to move so fast until we get a clearer picture on how these projects are developing,” he says, pointing out that there is more demand for GameStop in established retail venues.

During its fourth quarter, which ended Feb. 3, year-over-year same-store sales soared 26.5%, and executives predict a 15% to 17% jump for fiscal year 2007. Total sales increased 38.2%, to $2.3 billion, while net earnings came in at $129.8 million, up from $85 million during the same year-ago period.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Dig Deeper


Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join now!

  • Free unlimited access to's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including and

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.