Tag: Retail
GameStop posts Holiday 2019 results, showing worse times ahead
GameStop reported yesterday that they had one of the worst seasonal takes in many years this past holiday season. The Holiday 2019 period was down by 25% in terms of overall sales, leading stock price to tumble and outlooks to shift for the retailer. And same-store comparisons to the previous periods were also down by
GameStop closing another 60+ stores in January 2020
There was once a time when video games retail was dominated by in-person sales and brick-and-mortar establishments. That time is long past, and retailers big and small have had to increasingly transition with the times. Normal retail stores have had to develop serious and maintained online presence to keep up with advertising demands, as well
GameStop subsidiary EB Games closing 19 stores across Australia
GameStop has announced that its subsidiary, EB Games, would be shutting down some of its retail outlets within Australia. The retailer operates more than 300 stores in the country, and a total of 19 stores will be closed in this latest round of bad news. These closures are slated to occur within the month of
UK retailer GAME likely to close 40 stores as retail falters
UK retailer GAME likely to close 40 stores according to a new press release from the company. 2018 was a stronger year for the company than previous, with growth in revenue of around 4%, but that same period saw declining profit. Profit before tax fell 25.5% in the same period. A part of that tumbling
Nintendo sells 50K Switch units in one day in China
The launch of the Nintendo Switch in China was always going to be a winner. As we recapped in our initial coverage of the Switch launch in China, there’s a huge amount of market potential in the country. Gamers in China really like portable and mobile gaming, so Nintendo definitely had lightning in a bottle
GameStop blames sales slump on PS5 and Xbox Scarlett hype
GameStop is blaming their sales decline on the incoming release of the next generation of game consoles. According to speculation within the reports, consumers have stopped investing in hardware since they’re waiting for the newest to ship. Granted, this is probably a contributing factor, but GameStop has been struggling to remain relevant for years now.
Report: GameStop Intends To Close 180-200 Stores Worldwide
GameStop is still struggling, that cannot really be doubted, and even the executives at the struggling company are forecasting slow growth at best. GameStop had its Q2 earnings call this week, revealing plans for the future, which say that the company plans to close around 180 to 200 stores globally. The company reps were insistent
Can GameStop rebound? A new “Consumer Innovation” push suggests yes
Everyone has heard of GameStop at this point in their lives, good or bad, every gamer has a story about the gargantuan retail chain. And it seems more and more likely as time goes on that those stories have trended towards the negative. GameStop has been struggling for the last several years as retail sales
Batman Arkham Collection coming to retail
Rocksteady has just revealed something the Batman and DC fans have been expecting for a while. The developer is releasing a full collections of all the mainline Batman Arkham titles within the Batman Arkham Collection. The Batman Arkham Collection is actually a bundle containing all three mainline games in the franchise. The Batman Arkham Collection
Toys R Us is Reopening Later This Year
A new report in Bloomberg says Toys “R” Us is making plans to come back this holiday season Toys “R” Us used to be an icon of American toy retail sales. The company grew out of a furniture chain into it’s modern iteration in June 1957. The company opened more than 1,600 stores in total throughout
GameStop shares have yet to recover, and may not
GameStop has been trying to deal with a lot of issues lately. Due to declining sales in a wide number of segments, GameStop even had to seek out a buyer for the company, although that didn’t pan out. Part of the strategy for staving off closure in the face of declining software and hardware sales
GameStop could be headed for disaster as stock price plummets
New developments for games retailer GameStop mean some pretty bad news for those rooting for the company. The stock price for the chain has dropped like a rock over the last few days. This drop is reportedly the biggest one-day loss in GameStop’s history. The previous extreme low for the stock was in February 2003
Retailers Won’t Sell Sony PS4 Digital Game Codes Anymore
So over the last few years, the brick-and-mortar retail market for physical games has been shrinking in favor digital sales and online retailers. And one of the things many game companies started to do as part of this shift was to try and push gamers toward digital distribution where the margins are higher in terms
GameStop puts sale rumors to bed due to low interest
So struggling games retailer GameStop has decided to publicly announce that the directorship is no longer seeking to sell the company. This comes as somewhat surprising due to the lackluster few years that retail enterprise has endured. After years of losses, and this most recent holiday season falling short of revenue projections, many analysts thought
GameStop Holiday Sales Down Compared to Last Year
Video games aren’t going anywhere for a long time, but the retail landscape has been slowly and steadily changing for a while now. A lot of gamers have been speculating as to what the future of selling games will look like, and many seem to agree that physical retail is slowly being phased out as
Gamestop reports a loss $488.6 million in third quarter
Gamestop has put out its fiscal report for the quarter ending November 3, and things don’t look to good in the land of big corporate game stores. The company disclosed a net income loss of $488.6 million. Noted by IGN, pre-owned sales were down 13.4% compared to previous quarters, which constitutes a significant part of Gamestop’s
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