Tuesday, January 14, 2020

GameStop holiday sales plummet; lowers forecast

The holiday season brought no cheer to GameStop.

The beleaguered retailer reported that its total global sales plunged 27.5% to $1.83 billion for the nine-week holiday period ended January 4, 2020. Same-store sales fell 24.7%. GameStop said its holiday results were indicative of overall industry trends impacting the video game industry and driven by an accelerated decline in new hardware and software sales, particularly in the month of December. . . more