Video Game Sales Killing Gamestop
ONLINE VIDEO GAME PURCHASES ARE HURTING PHYSICAL SALES FROM GAMESTOP
Lake Charles, LA (KPLC) – With the click of a button, you can download free and pay-to-play video games on a PC or phone.
But that’s causing trouble for brick-and-mortar stores like Gamestop.
The company’s first quarter sales have dropped 13%.
And over the past two years, Gamestop’s stock has lost two-thirds of its value.
The company already closed hundreds of stores over the past several years.
The new CEO says he can turn the business around.
He wants to cut costs and focus on parts of the business model that are still seeing success.