Paul Raines

Joe Keenan is the executive editor of Total Retail.

Grapevine, Texas -- GameStop Corp. on Monday reported nearly flat sales for the nine-week holiday period that ended on Dec. 31. Total sales were $3.02 million, or about the same as last year. Same-store sales slipped 0.3%. The company backed its fourth-quarter and full-year earnings guidance. Video game software sales were up nearly 10% to $1.47 billion, but sales of game consoles and other hardware fell. Paul Raines, CEO, commented, "During the holiday, our solid sales performance of new high-def console software was offset by weak Wii software sales and hardware sales due to the lack of new hardware

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