In 2018 they have lost almost 700 million dollars and the company continues to go through terrible financial troubles.
In recent months, and unfortunately, we have been talking about the financial problems facing the chain of stores Gamestop. On this occasion, they have reported that throughout the year 2018 they have suffered catastrophic losses that have reached 673 million dollars.
The figure is especially dramatic because it comes from a year, the past, in which they sold part of their business for a whopping 700 million dollars and, despite this, have announced losses almost by the same amount.
The increasing rise of the digital market and the reduced logic of physical sales that accompany it are the main reasons for these results, although they believe that all this will not prevent them from operating throughout 2019 as they had originally planned.
Dan DeMatteo, CEO of the company, and Rob Lloyd, responsible for finances, bet on a line of “cost savings and improvement of benefits” that will allow them to get out of an economic situation with which they have suffered devastating losses that, However, they do not lose the optimism of being able to reverse this whole situation.
You can see all the details about the current situation of Gamestop from the financial report issued by the giant of video games, but if you have followed the news of GamesFreebola lately sure you remember that we have talked about the problems of Gamestop to find a buyer and the consequent fall of their actions.