GameStop’s holiday same-store sales forecast disappoints
GameStop Corp (GME.N) forecast a bigger-than-expected drop in same-store sales for the crucial holiday quarter, and the company said it expected revenue from its business of selling videogames to largely decline during the period.
The company, the world’s largest retailer of video games, has been struggling as more players switch to downloading games on their consoles from buying physical copies.
Revenue from the videogame category, which includes new hardware, software and accessories, is expected to decline in double digits in November and by single digits in December, Chief Operating Officer Tony Bartel said in an interview on Tuesday.
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