Suffice to say, the last several months haven’t been kind to GameStop. The video game retail chain has been buffeted by trends including casual gamers doing more of that activity on something other than a traditional gaming console (think phones and tablets), and not only is that one reason physical game discs aren’t selling as much as they used to. Gamers also have increasingly shifted to downloading titles instead of paying $60 for a physical version from a brick-and-mortar retailer.
That’s one reason the credit rating agency Moody’s in recent days downgraded the creditworthiness of GameStop, with the agency noting that “Sustained competitive threats from downloadable, streaming, and subscription gaming services, as well as the company’s ongoing transformation to improve profitability and evolve its vendor and partner relationships, elevate the company’s business and operational risk during a period of industry weakness.” No surprise, then, that in an environment like this the chain is thinking that a new sale might be the perfect recipe to get customers in the door and foot traffic picking up again, along with sales.
Today’s Top Deals
- It’s nuts that this $24 home camera on Amazon is better than a $200 Nest Cam
- Amazon’s huge Valentine’s Day sale includes discounts on every popular Amazon device
- Forget AirPods, true wireless earbuds that sound better are down to $35
Trending Right Now:
- Is Sony’s big PS5 launch event in trouble?
- This re-imagined iMac design is absolutely stunning
- Man blames Google Maps for falling into the frozen Mississippi River
GameStop’s Valentine’s Day sale has tons of deals for the Player 2 in your life originally appeared on BGR.com on Mon, 10 Feb 2020 at 22:54:22 EDT. Please see our terms for use of feeds.
Read more here:: Boy Genius Report