More bad news for the retailer chain.
Between closing stores and tumbling stocks, the once giant video game retailer GameStop is going through some rough times. As brick and mortar stores decline in all areas, specialty stores especially are being hit hard. There’s a lot of ways things are looking bad for the store chain, and just one more is the big slump of holiday sales.
As reported by Gamesindustry, GameStop’s holiday sales for 2019 was down a pretty significant margin. Year to year 2019 was down a whole 27.5% from 2018, bringing in 1.83 billion as opposed to 2018’s 2.77 billion. It’s obviously quite a large drop and considering everything else, it’s not looking too rosy for the company at all.
GameStop is the last mainstream retail chain focusing on gaming left in America. While there’s still a lot of stores remaining open, it does seem like the company is somewhat on the cusp of either disaster or major readjustments needed to survive. Only time will tell.