For 2013, GameStop Corp. announced it will open about 50 stores in the U.S. and close about 200.

GameStop Corp. reported consolidated earnings results for the fourth quarter and full year ended February 2, 2013. For the quarter, the company reported net sales of $3,561.5 million compared to $3,578.6 million a year ago. Operating earnings was $412.3 million compared to $302.5 million a year ago. Earnings before income tax expense was $411.3 million compared to $300.0 million a year ago. Consolidated net income was $261.1 million compared to $174.3 million a year ago. Consolidated net income attributable to company was $261.1 million or $2.15 per diluted share compared to $174.7 million or $2.15 per diluted share a year ago. Consolidated comparable store sales decreased 4.6% compared to the prior year quarter. Adjusted net earnings increased 9.5% to $262.3 million compared to adjusted net earnings of $239.5 million in the prior year quarter. The increase in earnings was primarily due to the positive impact of the 53rd week in 2012 and a 100 basis point improvement in the gross margin rate. Adjusted diluted earnings per share were in-line with guidance at $2.16, a 24.9% increase compared to adjusted diluted earnings per share of $1.73 in the prior year quarter. The 53rd week contributed approximately $10.1 million of net earnings, or $0.08 per diluted share, to the fourth quarter. For the full year, the company reported net sales of $8,886.7 million compared to $9,550.5 million a year ago. Operating loss was $41.6 million compared to operating earnings of $569.9 million a year ago. Loss before income tax expense was $44.9 million compared to earnings before income tax expense of $549.1 million a year ago. Consolidated net loss was $269.8 million compared to consolidated net income of $338.5 million a year ago. Consolidated net loss attributable to company was $269.7 million or $2.13 per basic and diluted share compared to consolidated net income attributable to company of $339.9 million or $2.41 per diluted share a year ago. Consolidated comparable store sales declined 8.0% compared to fiscal 2011. Adjusted net earnings were $403.0 million compared to adjusted net earnings of $405.1 million in fiscal 2011. Adjusted diluted earnings per share were $3.17, exceeding consensus and increasing 10.5% compared to adjusted diluted earnings per share of $2.87 in fiscal 2011. The increase in EPS was primarily the result of share buybacks. The company provides earnings guidance for the first quarter and fiscal year 2013. For the quarter, the company expects negative total sales of 8.5% to 6.0 %, comparable store sales of negative 8.0% to 5.5%, operating margin of 3.8% to 4.2% and diluted earnings per share of $0.38 to $0.43, Depreciation & Amortization Expense of $42 to $44 million and interest expense of $1.1 to $1.3 million. For the fiscal year, the company expects negative total sales of 8.0% to 0.0%, comparable store sales of negative 6.0% to positive 1.5%, operating margin of 6.5% to 7.0% and diluted earnings per share of $2.75 to $3.15, Depreciation & Amortization Expense of $160 to $170 million and interest expense of $4 to $5 million. The company expects Income Tax Rate of 36.5% to 37.5%. The company expect free cash flow of between $425 million and $475 million in 2013. In the fourth quarter, the company recorded asset impairment charges of $1.9 million ($1.2 million, net of tax benefits), or $0.01 per share.

MacroSolve, Inc. announced it has filed additional patent infringement suits against Costco Wholesale Corporation; Staples, Inc.; Kohl's Department Stores, Inc.; The Kroger Co.; Nordstrom Inc.; Pandora Media, Inc.; Fandango, Inc.; GameStop Corp.; Rue La La, Inc. and Gilt Groupe Holdings, Inc. MacroSolve's U.S. Patent No. 7,822,816, which was issued October 26, 2010, addresses mobile information collection systems across all wireless networks, smartphones, tablets, and rugged mobile devices, regardless of carrier and manufacturer. MacroSolve's patent covers fundamental technology in the mobile application space utilized by numerous companies. The patent, a significant intellectual property asset to MacroSolve, further advances its position as a leader in the mobile solutions market.