GameStop is closing 200 stores after its latest quarterly loss

After another quarter of declining sales, GameStop announced today that it would close 200 of its more than 5,800 stores before the end of the year. The company posted a $32 million loss for the quarter as global sales decreased 14.3%. Earlier this year, GameStop posted a $673M annual loss, its first since 2012. The … Read more

GameStop posts $673M annual loss, first since 2012

Brick-and-mortar video game retailer GameStop posted a $673 million loss during the fiscal year that ended February 2, 2019, marking its first annual loss since 2012 and only the third in company history. GameStop, like most retailers, continues to face strong headwinds as consumers shift from shopping at malls and local retail locations to shopping … Read more