Unfortunately, much of Borders' stock was CDs and DVDs, at the critical tipping point wheneveryone was starting to go digital. Borders also failed to develop an online store, while other retailers like Barnes & Noble moved into online sales. The last year Borders actually made a profit was ...
couldn’t be rescued (and has subsequently filed for Chapter 11 on April 23), and retailers are encouraging gamified shopping on Livestream, we will look at a few embattled retail stocks in the context of the accelerated pace of store closures with the ascent of online retail. On May 26,...
UPDATE:A letter to GameStop employees from CEO George Sherman has been obtained byKotaku. The retailer has closed all stores to customers as of March 22nd, shifting to a delivery-at-the-door approach. Customers can either order online or pick up from the front door of the store using a Q...
I also love the fact that I can order this stuff online but I’ve noticed that the app is not accurate when it comes to what the store has in stock. When I go to my local store and see the games and other items then look on my app over half the things in the store are not ...
They assumed GameStop's e-commerce business would grow sharply, with the transfer of 50% of its 2020 store sales online, according to the report. The analysts kept a "Hold" rating on the stock. (Reporting By Sinéad Carew, Noel Randewich and Lance Tupper; Editing by Ira Iosebashv...
Cohen wants to turn GameStop into a gaming and entertainment retailer or the “Chewy of gaming”, with lower prices and faster delivery times on online orders than its rivals. But GameStop is not an online store, unlike Chewy, the online pet commerce venture that he sold to PetSmart for ...
Again, let me be clear: We’re nowhere near the 1990s, yet, but there are definitely individual stocks that are at that same level of delusion. In the 1990s, people who wrote online or in newspapers about an overvalued stock or trade received death threats, so great was the obsession wit...
The retailer attributed this drop in sales to a number of reasons, including an "11% reduction in the store base." In the same earnings report, however, the company highlighted a bright spot that e-commerce sales had spiked considerably -- increasing some 257% year-over-year. Still, the...
GameStop has announced the long-awaited debut of its online marketplace for non-fungible tokens (NFTs). Video game retailer GameStop has spent the last year undergoing a tech-centric transformation, with a premium NFT marketplace being at the core of this transition. This newfound interest for...
GameStop is rapidly going out of the market since it’s not inventing an addictive gaming platform and has not also rolled out an amazing and interesting online gaming delivery service. The video retailer is just a store at the mall that is presently experiencing downtime with its revenue due...