Gameguru Mania Updated:10:37 AM EDT Oct,21


POPULAR CHAT TOPIC
343 Industries Explains 20GB
Advanced Warfare PC Minimum
TechNews - iPad Air 2, Mac U
Halo: The Master Chief Colle
Company of Heroes 2: Ardenne
The Female Gamers In Support
Hatred - New Isometric Shoot
Aliens versus Predator Class
Far Cry 4 - Yet Another Game
Borderlands: The Pre-Sequel
Star Citizen Persistent Univ
Alien Isolation on Oculus Ri
Star Wars: Battle Pod Arcade
TechNews - Holograms & 3D Po
Star Citizen Will Support AM
Firefly Online - 3D Environm
Every Game Collector's Dream
The Black Glove Kickstarter
Final Fantasy XIII for PC -
Battlefield 4 Premium Editio
The Evil Within PC Officiall
Dragon Age: Origins Free on


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)