) has officially filed for Chapter 11 bankruptcy, citing high inflation and interest rates as factors that have had a negative impact on the business. Alongside the bankruptcy filing, the company has entered into a sale agreement with investor Nexus Capital Management.) is set to release its second-quarter results on Tuesday after the market close. This comes on the heels of a recent social media post from Keith Gill, which sent meme stocks, including GameStop , on the move last week.
The discount retailer also announced that it is entered into a sale agreement with investor Nexus Capital Management Big Lot, saying its second quarter results, which are scheduled for September 12, will be in line with the previous guidance here.They're also trying to optimise their go forward store footprint as part of the court supervised sale process, continuing to assess that operational footprint.
You talk about the fact the shift from from physical to digital game source sales that's obviously impacting the business, just a slowdown that we are seeing on consumer spending reason to be a bit sceptical, maybe about what these results were, and we're also not going likely not going to get an earnings call after this report that there's been no mention, and there hasn't been an earnings call following these reports that going back to 2023 so likely no change there.
So we'll continue to keep an eye on all of those And of course, we've got that QR code for you in the cornerFRN Variable Rate FixMapped: Tropical storm that’s headed for Texas expected to strengthen into a hurricaneFrancis Ngannou has no issue telling Jake Paul to his face that he will lose to Mike Tyson. Paul meets 58-year-old boxing legend Tyson in the ring Nov. 15 at AT&T Stadium in Dallas.
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