Retail News

GameStop wasn’t able to pay down debt as share prices rose

Reuters 02/11/2021

GameStop saw its market value skyrocket from $1.4 billion to $33.7 billion in January. The retailer was unable, however, to leverage that rise to pay down its $216 million in debt, an action vital to any turnaround, fearing that doing so would run afoul of regulators.

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