Video Game Shops On The Rise?
The news is full of dismal holiday shopping figures and lackluster sales due to the slowing economy. You'd naturally think the video game and toy market would follow. Not so, according to CNNMoney. Game Stop, the nation's top video gaming retail store, scored record numbers this Christmas/Holiday season. In fact, their 2008 holiday sales rose 10% from the previous year.
Why would video games and systems be the exception this year? Tv's and appliance sales are down, but stores like Game Stop are having an incredible year.
Interestingly, there's an emerging trend that shows 70% of teens and kids want video games for the holiday season. Think about it. When you see a young kid or a teen at the mall or restaurant, you might see them engaged with a handheld like the Nintendo DS or Playstation Portable. At home, they may be glued to the tv, not to watch programs, but to play console games like Guitar Hero. Even for adults, an iphone or blackberry may carry their favorite arcade game or role playing title.
Gamestop claims that video games like Guitar Hero: World Tour, Nintendo Wii Fit, and Gears of War 2 pushed their sales higher this year. Yes, all video games that let you play instruments, shoot guns, or even yoga are this years top holiday gifts. Maybe video games are our new reality?
One things for certain is that the toys today are not the type of toys our parents or grand parents used to play.
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