GameStop To Close As Many As 200 Underperforming Stores

(CNN) — GameStop’s new CEO, George Sherman, says the company “is in a tough place” and “needs to make some changes” to keep up with the video game industry.
GameStop’s total global sales dropped 14.3% to $1.3 billion in the second quarter, the company reported Tuesday. Hardware declined 41.1%, while software sales dropped 5.3%, as Nintendo Switch titles grew. The net loss was $415.3 million.
“We’re at the end of the console cycle,” Sher