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 GameStop Lays Off A Third Of It's Management Staff

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PostSubject: GameStop Lays Off A Third Of It's Management Staff   GameStop Lays Off A Third Of It's Management Staff EmptyFri Aug 22, 2014 3:30 pm

http://www.ign.com/articles/2014/08/21/gamestop-reports-over-1-billion-in-sales-for-second-quarter

GameStop has reported $1.73 billion USD in sales during the second fiscal quarter of 2014.

Hardware sales have gone up 124.8 percent, which the game retailer attributes to high demand for Sony's PlayStation 4 and Microsoft's Xbox One consoles.

Although not nearly as high as hardware, software sales have also gone up to 15.6 percent, thanks to massive releases such as Mario Kart 8 and Watch Dogs.

GameStop also noted that sales through their alternate channels offering different purchasing options went up 49.3 percent. This includes mobile, pick-up at store, and ecommerce options, adding to the fact that downloads are actually strengthening the retailer instead of harming them as previously thought.

CFO Rob Lloyd explained that the the "second quarter demonstrates the power of the new console cycle" and their "business units." He went on to voice his optimism about the last half of the year, stating that the next few months are "filled with exciting games and products coming to market," and that he is "confident that we [GameStop] are prepared to capitalize on these opportunities."

GameStop recently overhauled their trade-in policy to give more money to people trading in or selling their games by offering a flat rate for different forms of compensation. The company is also reportedly expected to release a credit card tied to its PowerUp Rewards program with a 26.99 perecent interest rate. At this time, nor formal announcement about the card has been made, although marketing materials for the cards have been leaked.
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PostSubject: Re: GameStop Lays Off A Third Of It's Management Staff   GameStop Lays Off A Third Of It's Management Staff EmptySun Aug 04, 2019 3:26 pm


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