• GameStop’s Future Looks Uncertain After Abysmal Holiday Sales

    GameStop (NYSE:GME) share prices dropped 16.3% on Tuesday morning. Following massive layoffs and nationwide brick-and-mortar store closings last year, the video game retailer had hoped to gradually manage its way back to profitability, and perhaps more importantly, relevance. So what caused the most recent drop in investor confidence? The answer is simple: holiday sales. Or […]
    • by Nick Keitel
    • 2 Years ago
    • Comments Off
  • GameStop is Closing Roughly 200 Stores After Laying Off 14% of Employees

    GameStop? More like Game Over. With over 5,700 stores across 14 countries, the company is (was?) one of the world’s largest video game retailers. Unfortunately, those numbers are dwindling fast as the store is facing increased competition from digital game sales. The cost of overhead for renting out store space at brick-and-mortar locations hasn’t helped. […]
    • by Alan Hobbs
    • 3 Years ago
    • Comments Off