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GameStop Gross sales Drop 9%, Loss Narrows On Price Cuts

GameStop Gross sales Drop 9%, Loss Narrows On Price Cuts
December 7, 2023



GameStop reported gross sales dropped 9% and its loss narrowed for its 3rd fiscal quarter after the videogame store lower prices as a part of persisted efforts to turnaround its trade.The Grapevine, Texas, corporate does not supply steerage and hasn’t scheduled a convention name with analysts.The October-ended duration was once the corporate’s first quarter with chairman Ryan Cohen within the CEO seat. The corporate in June fired its earlier CEO, Matt Furlong, with out mentioning a explanation why. After Cohen took the reins in overdue September, he warned staff that the corporate must slash prices to live on.

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