Gameguru Mania Updated:02:30 AM EDT Jul,30


POPULAR CHAT TOPIC
NVIDIA GeForce/ AMD Catalyst
Ultrawide 21:9 PC Gaming: Be
Diablo 3 Patch 2.3.0 Preview
FINAL FANTASY TYPE-0 HD PC R
Hitman: Agent 47 - The Ultim
Steam's Weekly Top Sellers
Gamers Should Be Worried Abo
TechNews - 10 Reasons to Upg
Fallout 4 Players Can Romanc
Battlefield Hardline - Is it
Hitman Closed Alpha Build Is
EVERSPACE Greenlight UE4 Gam
Victor Vran - Launch Trailer
Mouse and keyboard support c
Caffeine AVCon 2015 Demo
Call of Duty: Black Ops III
Gears of War Ultimate Editio
Ten Tips For Gamers To Get R
Project CARS Free DLC
DOOM SnapMap - Level Editor
This is REALLY EvE
Fallout 4 - Gameplay Explora


Please e-mail us if you have news.

(c) 1997-2015 Gameguru Mania
Privacy Policy statement
SEARCH GAME:   Windows 8.1 Tools    CD/DVD tools    GOG.com
 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)