Gameguru Mania Updated:04:27 AM EDT Apr,18


POPULAR CHAT TOPIC
Alien: Isolation video shows
TechNews - Nvidia GeForce 33
Defense Grid 2 - PAX East Pr
TechNews - The Galaxy S5 cos
Watch Someone Beat 'Half-Lif
CCP cancels vampire MMO Worl
Watch_Dogs Will Require An I
Homeworld Remastered Will Ru
PC Gaming Alive and Dominant
TechNews - Windows 8.1 adds
Outcast Reboot HD revealed
How To Fix Free-2-Play Games
Azeroth Choppers - Trailer
The Last of Us Remastered Tr
SOE's Zombie MMO H1Z1 - Firs
Titanfall's Latest Update Ad
CRYENGINE - Destruction Play
Borderlands: The Pre-Sequel
AMD Radeon R9 295X2 Released
Cat Simulator Announced
GeForce 337.50 Beta Performa
Warface launches on Xbox 360


Please e-mail us if you have news.

(c) 1997-2014 Box Network Ltd.
Privacy Policy statement


SEARCH GAME:   Windows 8.1 Tools    CD/DVD tools    SteamOS Beta
 GameStop Posts $270M Net Loss - briefly
(hx) 02:33 AM EDT - Mar,29 2013
GameStop announced the results of it 2012 fiscal year (ending Feb. 2, 2013) today, with revenues of $403 million, which is slightly down from the $405.1 million in fiscal 2011. Due to "restructuring, impairment and debt retirement expenses of $680.7 million primarily related to goodwill impairment," the company saw a net loss of $269.7 million (2011: net earning of $339.9). It is absolutely mind boggling how a company that buys used games, marks them up two million percent and resells them, can end up posting a $270 million net loss.

last 10 comments:
Stumpus(08:07 AM EDT - Mar,29 2013 )
Greed, mismanagement and Directors creaming the cash (massive bonuses) and thinking of tomorrow, rather than the future are all classic 'symptoms' of business today.
Of course that will all be denied. Par for the course

Csimbi(01:42 PM EDT - Mar,29 2013 )
Won't be missed...

tride(03:17 AM EDT - Mar,30 2013 )
Boy, i wont be surprised if they start a kickstarter campaign to try and cover their loses :lol:

All comments
 Add your comment (free registration required)