informa
1 MIN READ
News

GameStop stock tumbles by 16 percent following poor holiday sales

GameStop has seen its stock tumble by 16 percent after it notified investors of a 25.7 percent drop in holiday sales.

GameStop has seen its stock tumble by 16 percent after it notified investors of a 25.7 percent drop in holiday sales. 

Although the company said it "expected a challenging sales environment over the holiday season," it conceded its performance was "well below" expectations

That sales decline was reflected in the retailer’s stock market performance, and GameStop’s stock price is now down 24.5 percent from the start of the year. 

The company's showing during the holiday season was so below par that GameStop has revised its fiscal outlook for 2019, and now expects to see an overall sales decline of up to 21 percent -- previously it has anticipated "a decline in the high teens."

Latest Jobs

Manticore Games

San Mateo, California
8.23.22
Senior Software Engineer - Mobile

Sony PlayStation

San Diego, California
6.23.22
Sr. Online Programmer

The Walt Disney Company

Glendale, California
8.1.22
Associate Marketing Manager - Walt Disney Games

Insomniac Games

Burbank, California
8.26.22
Accessibility Design Researcher
More Jobs   

CONNECT WITH US

Explore the
Subscribe to
Follow us

Game Developer Job Board

Game Developer Newsletter

@gamedevdotcom

Explore the

Game Developer Job Board

Browse open positions across the game industry or recruit new talent for your studio

Browse
Subscribe to

Game Developer Newsletter

Get daily Game Developer top stories every morning straight into your inbox

Subscribe
Follow us

@gamedevdotcom

Follow us @gamedevdotcom to stay up-to-date with the latest news & insider information about events & more