Inside GameStop's ambitious plan to save itself from destruction
GameStop is, by far, the world's largest video game retailer, with over 5,000 stores worldwide. The company had been in steady decline for years, but the bottom has dropped out of its stock price in 2019 — from $16 a share in January to below $4 by August. Amidst the stock plummeting in value, GameStop got a new CEO: George Sherman. In his first earnings call with the company back in June, Sherman laid out his three-point plan for GameStop's resurgence.
GameStop is, by far, the world's largest video game retailer, with over 5,000 stores worldwide. The company had been in steady decline for years, but the bottom has dropped out of its stock price in 2019 — from $16 a share in January to below $4 by August. Amidst the stock plummeting in value, GameStop got a new CEO: George Sherman. In his first earnings call with the company back in June, Sherman laid out his three-point plan for GameStop's resurgence.
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