GameStop said that the stronger dollar hurt sales in the fourth quarter. Sales for the Grapevine video game retailer fell about 6 percent in the three months that ended January 31.
Video game retailer GameStop, based out of Grapevine, reported a third-quarter profit that missed Wall Street expectations, while also cutting its outlook for the year.
While the Electronic Entertainment Expo is no longer open to the public, the GameStop Expo offers everyday gamers a chance to preview upcoming titles and hardware.
GameStop said that its first-quarter net income fell 25 percent as revenue declined, but results at the world’s biggest video game retailer surpassed Wall Street’s expectations.
The former corporate spokesman for computer game retailer Gamestop has been sentenced to prison after admitting to defrauding the company out of almost $2 million.
A former Gamestop VP is quickly trying to hit the reset button to avoid a lengthy prison stay and heavy fines after he pleaded guilty one count of mail fraud in Federal Court.
Shares of GameStop tumbled Tuesday after the world’s largest video game retailer reported lower holiday sales, and said its Q4 earnings would be at the low end of its guidance.
The former corporate spokesman for computer game retailer Gamestop has admitted to defrauding the company out of almost $2 million.
Cyber Monday is often a more popular shopping event than Black Friday. The convenience of shopping at home without the hassles of long lines and people can be a huge draw.
The world’s biggest video game retailer has reported a 32 percent decline in its second-quarter net income. Gamestop said that sales slowed because not enough games came out.
GameStop, the world’s largest video game retailer, said its fourth-quarter profit dropped 27 percent, pulled down by hefty charges and lower sales.
Authorities have released surveillance video from a robbery at a North Dallas Game Stop in the hopes of identifying a suspect who has hit three businesses in less than a month.