This morning GameStop reported its earnings for its fourth fiscal quarter and 2009 fiscal year. While Q4 revenues rose slightly to $3.52 billion, profits fall 7 percent to $215.9 million. For the full year, the company saw revenues go up 3.1 percent to just over $9 billion, but profits slip 5.3 percent to $377.8 million. The company remains optimistic, however, and while some of their competition is closing up shop in the face of increased digital distribution, GameStop plans to spend $75 million to open 400 new stores worldwide.

Source: GameSpot