NYSE:GMESpecialty Retail
GameStop Speeds Store Closures As Acquisition Speculation Puts Cash In Focus
GameStop, NYSE:GME, is accelerating brick and mortar store closures as part of its ongoing transformation under CEO Ryan Cohen.
Management is intensifying efforts to shift focus toward e commerce and collectibles while exploring options that could include a major acquisition.
These moves signal a material change in how the company aims to operate and compete within the gaming and retail ecosystem.
GameStop shares last closed at $23.28, with the stock up 12.9% year to date and 39.6% over the...