5 years ago
GameStop Slumps 36% to 16-Year Low as Gaming World Passes It By
GameStop Corp. tumbled as much as 36% to a 16-year low after posting a steeper-than-expected slide in sales and halting its dividend, signaling that the troubled retailer is out of step with accelerating trends in video games. The latest shortfall for GameStop reflects what analysts said may be a fundamental disconnect between the company’s business model, mainly focused on sales of physical game discs at brick-and-mortar stores...
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