GameStop’s share price tanks along with holiday sales
January 15, 2020
Shares of GameStop fell 16 percent after the video game retailer announced that sales fell 27.5 percent during the holiday season. “We expected a challenging sales environment for the holiday season as our customers continue to delay purchases ahead of anticipated console launches in late 2020,” said GameStop CEO George Sherman. “However, the accelerated decline in new hardware and software sales coming out of Black Friday and throughout the month of December was well below our expectations, reflective of overall industry trends.”
Recent News
Apple Is Developing Chips for AI Software in Data Centers, According to Reports
According to a report from the Wall Street Journal, Apple has been working on chips designed to power artificial intelligence software within data centers.
FAA Launches New Boeing Probe, 787 Dreamliners Under Fire
Beleaguered Boeing continues to face federal woes, this time for its 787 Dreamliners.
Emotion Emerges as a Key Brand Value Measure in 2024
In 2024, CMOs are making measurable brand value their top priority, with emotion taking on a significant role in this assessment.
Hy-Vee Recalls Cream Cheese, Cookies & Cream for Salmonella Outbreak
Hy-Vee has issued a voluntary recall of two products due to a potential Salmonella outbreak.