Can GameStop rebound this quarter with its retail revamp?

JARED RUSSO | December 10, 2019

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Video game retailer GameStop Corp. has a top-secret plan to turnaround the company, and it involves inventing a time machine and going back to the '90s when video game retail wasn't on life support. No, that's not right GameStop's retail strategy is a lot less exciting: it involves cutting costs across the board, reducing in-store inventory, eliminating some of the worst-performing stores out of the 5,730 worldwide, and updating the website/store. Today is GameStop's third-quarter earnings call, and despite the decade long hurting the stock has taken, there's been a slow climb in the stock price since August. The real uphill battle is against digital distribution and online marketplaces for games, which has rendered brick-and-mortar stores obsolete. Unless the chain intends to ship next year's consoles to homes ahead of their releases, that plan outlined above really needs to work.

Spotlight

The Save Mart Companies

Based in the heart of the Central Valley, The Save Mart Companies is committed to sourcing a wide variety of local products ensuring that ‘fresh comes first’ for neighborhoods throughout California and Northern Nevada. The company employs over 16,000 team members and operates 205 traditional and price impact stores under the banners of Save Mart, Lucky, Lucky California, FoodMaxx, S-Mart, and MaxxValue.

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