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[252] 53 more stores were added to the closing list in April 2024. [253] Additional closures continued, nearly fully eradicating the pharmacy's presence in Michigan and Ohio. [254] In September 2024, Rite Aid emerged from bankruptcy as a privately-owned company. [255] Rockport filed for bankruptcy in May 2018. The company that bought the ...
Gill was a key figure in the meme-stock frenzy of 2021, in which GameStop stock surged 1,600% at one point in January that year, crushing hedge funds that had bet against the videogame retailer.
In November 2024, GameStop decided to cease operations in Germany, closing its remaining 69 stores by January 2025, as well as its warehouse and headquarters in Tannheim. [178] [179] [180] Also in November 2024, GameStop sold GameStop Italy to Cidiverte, a small Italian competitor which operates ten stores under the Gamelife brand.
GameStop raised $933 million by selling shares to cash in on a meme stock rally last month, when the stock doubled in value, and raised an additional $2.14 billion earlier this month.
The stock more than quadrupled from the end of April through May 14, and then gave back about 60% of that gain, as of Friday's close. GameStop did not disclose the price at which it sold the ...
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 said on Tuesday it had filed for an offering of up to 20 million shares, sending its stock down more than 10% in extended trading after the videogame retailer's second-quarter revenue ...
On Friday, GameStop fell almost 20% after the company filed to sell 45 million new shares of common stock and revealed preliminary sales fell last quarter from the same period last year. GameStop ...