News
GameStop reportedly affected by series of layoffs
Retailer allegedly cited competition from e-commerce firms and low consumer spending as reason for redundancies
GameStop
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GameStop closes crypto marketplace
It cited the "continuing regulatory uncertainty of the crypto space" as the main reason for closure
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GameStop posts lower sales, reduced losses
Retailer sees sales slump across the board, but narrows losses from $92.6 million in the year-ago quarter to $3.1 million
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GameStop names Ryan Cohen as new CEO
The Chewy founder takes the reigns months after the games retailer terminated its last chief executive officer
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GameStop's net sales up 2% for Q2
Net losses were trimmed to $2.8 million for the quarter, compared to $108.7 million in Q2 2022
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GameStop to dump cryptocurrency wallet support
The retailer's decision was attributed to "the regulatory uncertainty of the crypto space"
Feature
Microsoft's concerning conflict minerals disclosure reflects industry-wide slippage
Our annual report finds industry efforts to avoid funding human rights abuses worsening almost across the board
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GameStop CFO resigns
Diana Saadeh-Jajeh steps down from the position after a year; Daniel Moore to be named interim principal financial officer
Feature
GameStop is doomed, water is wet, and other observations | This Week in Business
Retailer's executive teams have understood the threat of digital distribution for decades and done their best to adapt; Ryan Cohen's chances of success are no better
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GameStop CEO terminated as retailer posts further losses
Ryan Cohen appointed executive chairman, company's Q1 losses narrow to $50.5 million
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Gamestop revenue dips as it pulls nearly $6bn in 2022
The retailer's collectible business segment saw an increase of 17% as it hit $964 million throughout the year
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GameStop losses continue in Q3
Hardware and accessories sales were down 6% year-on-year, with software declining 19% compared to last year
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GameStop reportedly makes another round of layoffs
Reports suggest that the company's crypto operations were hit, scale of staff affected is unknown
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GameStop continues to post losses
Retailer blames "a transitional quarter," says it has spent past year "making up for years of under-investment and modernizing the business"
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Lawsuit accuses GameStop of wiretapping customers
Suit alleges retailer records "secret transcripts" via its support desk to share with a third party
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GameStop chairman's co-defendant in insider trading suit found dead
Bed Bath & Beyond CFO Gustavo Arnal dies weeks after he and Ryan Cohen were accused of pump-and-dump scheme on homeware retailer's stock
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GameStop to increase the wages of store employees
The company will also give store managers a new performance compensation model and stock options
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GameStop's net sales for Q1 2022 hit $1.38 billion
Software & collectible revenue for the quarter saw an increase as hardware dropped by 4% year-over-year
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Former employee sues GameStop for reportedly violating New York Labor Law
Trevon Mack wants GameStop staff to be recognised as manual workers and receive weekly pay
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GameStop losses top $105 million despite sales bump
Hardware accounts for half of retailer's business in Q3 as revenues rise 29% year-over-year
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GameStop COO leaves after just seven months
Jenna Owens' responsibilities will be "absorbed by other members of the company's management team"
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SEC investigates GameStop stock surge, finds no evidence of fraud
Government body concludes that “a short squeeze did not appear to be the main driver of events” in memestock trading
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GameStop reports second quarter sales growth
New consoles continue to drive sales but retailer posts second straight quarter of losses
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EB Games to rebrand as GameStop in Canada
Change based on suggestions from customers and stockholders
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GameStop raises another $1.13 billion through stock sale
Retailer's second equity offering in as many months brings post-stock surge proceeds to $1.68 billion