GameStop posts 30% sales drop but sees growth ahead

Retail Dive

While GameStop’s Q3 comps and profit fell short of analyst expectations, according to Seeking Alpha, the gaming stalwart’s November sales portend a strong Q4.

Telsey Advisory Group analysts led by Joseph Feldman said in a research note that GameStop’s store reductions, investments in digital capabilities, 60-million member rewards program, leaner store operations and new businesses like PC gaming should drive profit growth and cash flow going forward.

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