We went on a tour of New York City's GameStop stores to see if the company is doomed to become the next Blockbuster Video — here's what we found

GameStop is the largest video game retailer in the world, with over 5,000 stores. The company had been in steady decline for years, but the bottom has dropped out of its stock price in 2019 — from $16 a share in January to just $4 by late July. The company is"a melting ice cube," Wedbush analyst Michael Pachter told Business Insider earlier this year."For sure it's going to go away eventually.

GameStop is the largest video game retailer in the world, with over 5,000 stores. The company had been in steady decline for years, but the bottom has dropped out of its stock price in 2019 — from $16 a share in January to just $4 by late July. The company is"a melting ice cube," Wedbush analyst Michael Pachter told Business Insider earlier this year."For sure it's going to go away eventually.

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Here's why it's so difficult for apparel companies to navigate the trade warsLiz Dunn, founder and CEO of Pro4ma, joins 'Squawk Box' to discuss how retail might be affected by the latest developments in the U.S.-China trade war. SquawkCNBC when it comes to retail who is really at fault. And then you come to retail who comes to a person who makes certain things that don't last long they're called junk items. Instead of fine art instead of statues instead of food instead of Home building. And nature reserves. Nothing SquawkCNBC but those beef exports!
Source: CNBC - 🏆 12. / 72 Read more »