Video game and nerd culture retailer GameStop appears to be floundering once more. According to a Reuters report, the company recently laid off an unspecified number of employees after reporting a decline in earnings in the fourth quarter as physical sales fall and digital purchases rise.
I suspect that they will keep trimming costs to generate breakeven or better, but it is inevitable that their sales will decline to an unsustainable level.” IGN corroborated Reuters’ report in a March 27 story, saying that net income across the board for GameStop saw a two percent decline, going from $313.1 million in 2022 to $6.7 million in 2023.
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