GameStop reports fall in third-quarter revenue
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GameStop reported a decline in third-quarter revenue due to reduced spending at physical stores as consumers increasingly prefer online platforms.
December 10, 2024 | 9:30 pm
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GameStop's third-quarter revenue has decreased, primarily due to a decline in spending at its physical stores as consumers move towards online shopping.
The decline in GameStop's revenue is directly linked to a shift in consumer behavior towards online shopping, which negatively impacts its traditional retail model. This is likely to put downward pressure on GME's stock price in the short term.
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