The chain of stores Gamestop, one of the most important in the world of video games, you have announced the economic results of its last fiscal quarter, and these show very poor results that come to increase the urgency of reversing their current situation.
Global sales have decreased by 13% compared to the same period last year. Net revenues have dropped to whopping 76%, which includes a 35% drop in hardware sales. The positive note? An increase in sales of collectibles and other items of that type, which increase by 10.5% if we continue with the comparisons.
We must transform ourselves to remain viable. “We must transform ourselves to remain viable in this business”, makes clear George Sherman, one of the main executive heads of the chain, in statements made to shareholders. & Quot; The industry grows and manages to attract new consumers, but our recent performance shows that we have a lot of hard work ahead when it comes to working and transforming “.
Among the measures announced by Gamestop is that of a new leadership team to try achieve those changes that the industry seems to demand from them, and “show that we have a disciplined approach” to this new way of using your capital. It also ensures that they want to focus on the main aspects of the business, as well as “take a diversification” ” that allows them to reach new areas and consumers.
Recently we knew the catastrophic economic results of Gamestop for the year 2018 in full, with losses of 673 million dollars over the past twelve months.