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GameStop announced today that its CEO, George Sherman, will be stepping down on July 31 or earlier, upon the appointment of a successor, according to a company statement. See: GameStop Shares ...
(Reuters) - GameStop Corp's George Sherman will step down as chief executive officer in the biggest shakeup at the video game retailer, giving top shareholder Ryan Cohen more control as he leads ...
The company's shares, which were at the heart of a Reddit-driven trading frenzy, jumped 9% in premarket trade on Monday after GameStop said Sherman would resign on or before July 31 and that it ...
Investors pushed the stock price down more than 20% in after-hours trading, continuing a roller-coaster ride that started in early 2021 when retail investors piled in to prove hedge fund betting ...
In 2007, GameStop acquired Rhino Video Games, who operated 70 video game stores throughout the Southeastern United States, from Blockbuster for an undisclosed amount. [28] [29] In April 2008, GameStop acquired Free Record Shop's 49 Norwegian stores. [30] In October 2008, GameStop acquired Micromania, a French video-game retailer, for $700 million.
GameStop's first quarter came in worse than Wall Street had hoped, with revenue of $1.24 billion coming in short of analysts expectations for $1.34 billion. Shares of GameStop fell nearly 20% at ...
The company has already hired former Amazon and Google executive Jenna Owens as its new chief operating officer.
Gamestop Corp chief executive George Sherman can step down this summer with a $179 million windfall that dwarfs CEO salaries at many larger corporations thanks to a sweetheart deal that was ...