US retailer GameStop has finally closed all of their stores around Canada. In the US, customers are prevented from entering the premises.
Reggie Fils-Aimé, former Head of Nintendo of America, has been appointed by retailer GameStop to their board of directors.
GameStop’s full-year guidance has been lowered yet again following the nine-week holiday sales period since the sales were well below expectations.
GameStop CEO George Sherman announced that the company will now be winding down its operations in the Nordic region of Europe over the next few months.
Global sales for GameStop dropped by 14% year-on-year for Q2 2019 to $1.3 billion. This comes after the company saw its biggest full-year loss in history last year.
After releasing their financial results for the first quarter, Gamestop’s share price has experienced a significant drop.
Gamestop recently reported their financial results for the first quarter of 2019, with 13.3 percent reduction in revenues.
It was announced on Friday that after almost 23 years with Gamestop, Rob Lloyd, COO and CFO for the company, is stepping down.
Effective from the 15th of April 2019 George Sherman will be appointed as the new CEO of GameStop. Sherman takes over from interim CEO shane Kim.