GameStop (GME) Reports 2020 Holiday Sales Results

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Go back to GameStop (GME) Reports 2020 Holiday Sales Results

 GameStop Reports 2020 Holiday Sales Results

January 11, 2021 8:30 AM EST

GRAPEVINE, Texas, Jan. 11, 2021 (GLOBE NEWSWIRE) -- GameStop Corp. (NYSE: GME), today reported worldwide sales results for the nine-week holiday period ended January 2, 2021 reflecting a 4.8% increase in comparable store sales and a 309% increase in E-Commerce sales.  Total sales declined 3.1% driven by an 11% decrease in the companys store base due to its planned de-densification strategy, temporary store closures around the world due to government mandates and lower store traffic, particularly later in December, due to the significant impacts of COVID-19.  The Company believes the industry-wide traffic decline during the Holiday period... More