GameStop weakness exposed by retail sales report

By | November 13, 2015

Scalper1 News

The consumer shift from packaged video game sales to digital downloads is putting the hurt on specialty retailer GameStop (GME). GameStop shares were down 15% to below 38 in afternoon trading on the stock market today. The tumble followed a report late Thursday by the NPD Group on October retail sales of video games in the U.S. The NPD report showed that game software sales at retail fell 3% year over year last month to $338 million, despite the Scalper1 News

Scalper1 News