GameStop = Retro-Only Stores - briefly
(hx) 12:00 AM CEST - Jul,18 2019
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GameStop Corp., the company behind the world’s largest retail gaming chain, has recently announced that it will commence refocusing efforts to create more unique in-store experiences amid ever-increasing digital sales. In an effort to reach its goals, GameStop is forming a strategic partnership with R/GA, a global innovation design firm. According to an official press release, GameStop and R/GA are also looking to create in-store spaces for local gaming competitions and stores that specifically sell only retro gaming hardware and software — things the company likely has a large supply of, given that it has been the go-to place to exchange old video games, consoles, and peripherals for many years.
In other GameStop-related news, the company just recently announced the end results of its tender offer to buy a maximum of 12,000,000 Class A common stock shares at one-tenth of a penny per share. Many financial analysts have long noted that the brick-and-mortar company is in decline. It recently witnessed its stock price drop from $16 per share to $5 per share in 2019, alone. |
Updated:10:44 AM CEST Sep,20
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