Computer games retailer GameStop’s net sales fell 3% to $3.58bn (£2.25bn) for the fourth quarter ended January 28. Net income dropped to $174.7m (£109.6m) from $237.8m (£149.2m) a year earlier due to significant charges and lower sales. Like-for-like sales fell 3.6%. The retailer said it expected its 2012 results to be driven by higher sales of digital products and pre-owned video games.
The retailer, which has more than 6,200 stores, expects to open 100 new units and close 150 during the year. Chief executive Paul Raines said: “I think the market will like our outlook. Our digital growth and pre-owned and mobile growth will give us a pretty healthy earnings and margin improvement.”