Gamestop gears up ahead of Xbox holiday cheer — Panjiva
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Gamestop gears up ahead of Xbox holiday cheer

Cons. Discr. - Retailing 465 Earnings 724 Info Tech - Tech Hardware 793 Quote Watch 452 U.S. 5314

Videogame retailer Gamestop reported a 30.2% year over year slide in revenues for FQ3’21. That contrasts with a 34.0% year over year increase in U.S. seaborne imports linked to the firm which likely reflects an earlier-than-normal seasonal increase in shipments. E-commerce likely accelerated that process with CEO George Sherman noting a 257% growth in online revenues and that “supply chain disruptions are now segueing into what we see as a period of sustained growth.” Holiday sales in 2020 should be helped by new consoles from Microsoft and Sony. Total U.S. seaborne imports of products l...

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