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Gamestop E-Commerce Sales Up 800% This Quarter as Net Losses Continue to Climb

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thewrap.com
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$104 million last quarter. Its net sales from gaming products totaled $942 million, down nearly 27% annually.While its net loss increased quarterly, GameStop was quick to note in its Sept.

9 earnings report that it has cut losses year-over-year — during Q2 last year the retailer lost $415.3 million.Online e-commerce sales across the globe rose 800% during the quarter, and GameStop said those sale statistics are included in the overall comparable sales measurements, which declined roughly 13% in Q2.The company slashed inventory in half this quarter, leading to a roughly 30% reduction in expenses compared to the second quarter of last year, GameStop said.

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dailyrecord.co.uk
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dailyrecord.co.uk
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variety.com
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etonline.com
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hollywoodreporter.com
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etonline.com
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