GAMESTOP

Will digital downloads kill the video games store? That's the multibillion dollar question facing retailers from Wal-Mart Stores Inc and Target Corp to GameStop Corp, as Internet distributors continue to grow.

GameStop Corp said on Thursday its same-store sales dropped more than expected in the last quarter and it lowered its full-year same-store sales forecast.

Video game retailer GameStop Corp said on Thursday its first-quarter profit rose 13 percent, driven by sales of popular titles like Resident Evil 5 and Street Fighter IV, but same-store sales fell more than expected.

Amazon.com Inc will allow shoppers to trade in used video games for store credit, a move that may challenge a core driver of profitability for No. 1 U.S. game retailer GameStop Corp.