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GameStop posts decline in quarterly sales

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GameStop posts decline in quarterly sales

Jun 7, 2024 3:44 AM

June 7 (Reuters) - GameStop ( GME ) reported a decline

in first-quarter net sales on Friday, as customers transition to

buying video games and collectibles online, while the retailer

largely relies on brick and mortar stores.

The company posted net sales of $881.8 million in the

quarter ended May 4, compared with $1.24 billion in the same

period a year earlier.

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