Shares of GameStop tumbled on Monday after CEO Ryan Cohen told investors that the videogame retailer plans to operate a smaller network of stores and gave no details on what it plans to do with ...

GameStop’s gross profit increased 3.4% to $252.8 million in Q1, mainly due to “a shift to higher margin product categories, specifically collectibles and preowned hardware and accessories ...

This strategic shift appears astute, ... GameStop CEO Ryan Cohen’s Rare Appearance On YouTube: What Investors Should Know. By Bernard Zambonin Apr 5, 2024 8:02 AM EDT. Cannabis.

GameStop shares fall nearly 12% after CEO announces store reductions CEO Ryan Cohen provides no details on $4 billion cash use Stock influencer Keith Gill rekindled investor interest in GameStop ...

GameStop is leaning heavily to trading cards as part of its future strategy, according to CEO Ryan Cohen. The news comes as a part of larger strategy shift to buy and hold a lot of bitcoin .

The shift to Bitcoin is essentially a defense against irrelevance.” With over a decade in the market and more than 6,000 stores across the United States, Canada, Europe, and Australia, GameStop ...

GameStop, led by CEO Ryan Cohen, is taking on a strategic transformation focused on omnichannel retail and cost containment. New investment policy signals a potential shift toward a pseudo-holding ...

GameStop shuttered a shocking number of businesses in the past year, slashing over 1,000 global shops and more than 300 last year.. But its not done. The company said it plans to continue to close ...

However, an ongoing shift to online gaming and downloadable games is eroding GameStop's revenue opportunity. To quantify that erosion, GameStop's annual sales in 2023 were $5.2 billion, 42% lower ...

As it continues to evaluate its store footprint, GameStop’s first quarter net sales dropped about 17% year over year to $732.4 million, according to a company press release Tuesday. The retailer ...

GameStop raised $933 million by selling shares to cash in on a meme stock rally last month, when the stock doubled in value, and raised an additional $2.14 billion earlier this month.

GameStop sales drop in key categories amid ongoing strategic shift However, the company swung to a net income in Q1 and reported an improvement in its operating loss. Published June 11, 2025 ...