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A GameStop store in 2014. GameStop, an American chain of brick-and-mortar video game stores, had struggled in the years leading up to the short squeeze due to competition from digital distribution services, as well as the economic effects of the COVID-19 pandemic, which reduced the number of people who shopped in-person.
GameStop did not disclose the price at which it sold the shares, but based on Reuters calculations, they were sold at an average price of $20.74 each. Its shares were currently trading at $21.93.
Net sales dropped 29% to $882 million versus analyst estimates of $995.5 million. Wall Street was expecting the quarterly results later this month. The company also filed to sell up to 75 million ...
Wall Street expected $1 billion in sales, well above the estimated $882 million GameStop reported. The company expects net losses to be between $27 million and $37 million, narrowing from the $50. ...
GameStop's Australian subsidiary EB Games Australia was the only arm of the global GameStop business not to report huge COVID-related losses, with sales instead soaring by 30 per cent. In Australia COVID-19 lockdowns were managed by the Australian Federal Government National Cabinet which largely permitted retail stores to remain open with ...
GameStop's regular Pro Day sales are always a great source of deals for gamers of all kinds, whether you're a dedicated, veteran player or someone who fires up your console and just plays every ...
GameStop stock influencer Keith Gill, known as "Roaring Kitty," kicked off his first livestream in three years on Friday as the videogame retailer's shares dropped around 30% in volatile trading ...
GameStop is hoping to be everyone's destination for all things gaming this summer, with the video game chain kicking off a two-week summer sale that offers a ton of discounts on everything from ...
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