Wednesday, December 8, 2021
53.8 F
Fort Worth

GameStop shares up on sales, deal with investor

🕐 1 min read

GameStop Corp. (NYSE: GME) shares have increased after the Grapevine-based video game retailer entered a deal with activist investor RC Ventures to expand its board of directors. GameStop closed at $39.91 on Thursday, up from $31.40 the previous day.

The retailer also reported worldwide sales results for the nine-week holiday period ended January 2, 2021 reflecting a 4.8% increase in comparable store sales and a 309% increase in E-Commerce sales. 

Total sales declined 3.1% driven by an 11% decrease in the company’s store base due to its planned de-densification strategy, temporary store closures around the world due to government mandates and lower store traffic, particularly later in December, due to the significant impacts of COVID-19.

Also on Jan. 11, GameStop announced that it has entered into an agreement with RC Ventures LLC, one of the company’s largest stockholders. RC Ventures is managed by Ryan Cohen who is the founder of  

Related Articles

Our Digital Sponsors

Latest Articles

Fort Worth Business Press Logo
This advertisement will close in
Click here to continue to Fort Worth Business Press

Not ready to subscribe?

Try a few articles on us.

Enter your email address and we will give you access to three articles a month, to give us a try. You also get an opportunity to receive our newsletter with stories of the day.

This field is for validation purposes and should be left unchanged.

Get our email updates

Stay up-to-date with the issues, companies and people that matter most to business in the Fort Worth.

  • Restaurants
  • Technology
  • and more!

FWBP Morning Brief

FWBP 5@5

Weekend Newsletter

  • Banking & Finance
  • Culture
  • Real Estate