Gamestop Refuses To Die Like Blockbuster And Borders
Unlike other companies that succumbed to a changing market, Gamestop is fighting to stay healthy.By Leah Becerra | August 30, 2015
As game sales go digital, Gamestop is determined not to die off and become a fossil in the "remember when?" hall of fame. And it's actually working.
The company reported its Q2 earnings Thursday, which were good but not great. Sales of new products were down, while used and value sales were up. The biggest gain was in the mobile and consumer electronics category, which grew by 26.9 percent.
The company also wrapped up its acquisition of Geeknet, which operates the Amazon of all things geek: ThinkGeek.com. And based on the relative gains of the second quarter, Gamestop adjusted its own estimates for the rest of the year a bit higher.