GameStop holiday sales surge
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GameStop Corp , the largest  U.S. video game retailer, raised its quarterly earnings  estimate on Thursday after holiday season sales rose sharply on  blockbuster games like "Guitar Hero."
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FEARS of a slump in consumer spending were blown away yesterday as official figures recorded a surprise sales jump and two of the country&#39;s biggest retail chains unveiled strong trading performances.
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Sony said Monday that PlayStation 3 game machine sales totaled 1.2 million in North America during the key holiday season, boosting the strength of the company's Blu-ray video format because the console also works as a Blu-ray player.
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U.S. chain store retail sales rose in the latest week as a holiday weekend gave Americans more time to shop, a report said on Tuesday.
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(InfoWorld) - The 2006 holiday shopping period got off to a strong start over the weekend, according to several e-commerce operators. The Friday after the Thanksgiving holiday is typically seen as the start of the holiday sales season in the U.S. and retail outlets across the nation see some of the largest crowds of the year on that day. In recent years, online retailers also report strong traffic on the day. While consumers may be opening their wallets to online retailers like never before, there's also evidence they are after bargains like never before. Two online price comparison sites, which point consumers to the lowest prices for various items, reported surging traffic. Pricegrabber.com said it's seen a 45 percent increase year-over-year in referrals to merchants for November to date. In some categories, including toys, sporting goods and apparel, the amount of traffic sent to retailers by Pricegrabber has more than doubled, it said. Rival site Shopping.com reported a 40 percent jump in November-to-date referrals to online retailers and said hot categories include kids and family, home and garden, and clothing and accessories. Despite the strong traffic, Monday is likely to be busier, said Shopping.com. Last year visitors to the site peaked between noon and 2 p.m. on Monday. Two of the season's hottest holiday gift items, the recently-launched PlayStation 3 and Wii games consoles, have been selling fast on Ebay. In the week to Nov. 24, 14,675 PlayStation 3 and 26,708 Wii consoles were sold through the site. The average price of the PS3 was US$1,186.39 while the Wii fetched an average $412.53, according to eBay Marketplace Research. Both prices are well above their suggested retail prices. Other hot electronics items include the Samsung Electronics Co. Ltd. BDP-1000 Blu-ray Disc player and Apple Computer Inc.'s iPod nano and iPod Shuffle, the company said.
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U.S. retail sales jumped sharply in  November as shoppers went on a spending spree that will  reinforce the Federal Reserve's view that the cooling housing  market has not hurt the rest of the economy.
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U.S. retail sales jumped a  more-than-expected 1.2 percent in December, but first-time  jobless claims posted a surprise climb and import prices dipped  more than anticipated, government reports showed on Thursday.
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Sony's game unit said Monday that it had sold 1.2 million PlayStation 3 video game consoles in North America during the key year-end holiday shopping season.
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The department store chain is gaining momentum going into the holiday season.
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Sales of video game hardware and software were up in December from a year earlier as holiday shoppers snapped up new consoles, market research firm NPD said.
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GameStop Corp. (GME.N: Quote, Profile, Research) , a video game and entertainment software retailer, said Monday it bought 6,107,338 shares of its Class B Common Stock held by book store chain Barnes &amp; Noble Inc.
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The booming popularity of Nintendo's Wii console and DS handheld sent the combined sales of game machines and gaming software in Japan to a record high last year, according to research by a Japanese publisher.
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U.S. chain store retail sales rose a  bit in the latest week due to post-Christmas shopping, a report  said on Tuesday.
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US video game industry sales rocketed to a record high 17.9 billion dollars in 2007, with Nintendo reigning as champion of the console battle with Microsoft and Sony, according to research group NPD.
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U.S. chain store retail sales rose in  the latest week as a holiday weekend gave Americans more time  to shop, a report said on Tuesday.
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Retail sales have risen sharply in the run-up to the key Christmas season, adding to data which suggests the economy is gathering pace and interest rates may rise next year.
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Sony says sales of the PlayStation 3 (PS3) console in the US hit 1.2 million over the Christmas period.