GameStop Corp's same-store sales during the holiday shopping season rose a less-than-expected 3.4 percent, sending its shares lower on Thursday.
A weaker-than-expected quarterly profit from electronics bellwether Best Buy Co Inc led to a decline in shares across multiple platforms.
U.S. stocks barely moved on Thursday after a report showed improvement in U.S. Mid-Atlantic business activity and companies posted some strong results.
Stocks were little changed on Thursday, though the S&P and Nasdaq turned lower after data from the Philadelphia Federal Reserve showed new orders in the U.S. Mid-Atlantic region decelerated in March.
New York Attorney General Andrew Cuomo is investigating 22 retailers for directing online shoppers to fee-based membership programs of discount clubs that often contain hidden charges.
GameStop Corp said on Thursday holiday sales failed to improve from 2008, and cut its fourth-quarter profit forecast, sending shares of the biggest U.S. videogame retailer to a 13-month low.
GameStop Corp said on Thursday holiday season sales failed to improve from the previous year, and cut its fourth quarter profit forecast, blaming a woeful combination of a weak economy, bad weather and product shortages.
GameStop Corp's quarterly profit beat expectations helped by price cuts that stoked video game console demand and as used-game sales boosted margins -- signs a months-long period of gloom may be easing.
Customers who visit GameStop Corp stores will soon be able to purchase digital upgrades to their favorite video games, as the retailer eyes a shift toward digital distribution of games.
Activision Blizzard Inc said it sold 4.7 million copies of Call of Duty: Modern Warfare 2 for $310 million on its first day, setting a new record for the video game industry.
Activision Blizzard Inc's hugely anticipated Call of Duty: Modern Warfare 2 video game went on sale on Tuesday, welcomed by eager fans who lined up hours in advance of the release.
Activision Blizzard Inc's hugely anticipated Call of Duty: Modern Warfare 2 video game went on sale on Tuesday, welcomed by eager fans who lined up hours in advance of the release.
Activision Blizzard Inc's hugely anticipated Call of Duty: Modern Warfare 2 videogame went on sale early Tuesday morning, welcomed by eager fans who lined up hours in advance of the release.
GameStop Corp , the video game retailer, on Monday said co-founder and chief financial officer David Carlson planned to retire early next year.
Will digital downloads kill the videogames store? That's the multibillion dollar question facing retailers from Wal-Mart Stores Inc and Target Corp to GameStop Corp, as Internet distributors continue to grow.
Will digital downloads kill the video games store? That's the multibillion dollar question facing retailers from Wal-Mart Stores Inc and Target Corp to GameStop Corp, as Internet distributors continue to grow.
GameStop Corp said on Thursday its same-store sales dropped more than expected in the last quarter and it lowered its full-year same-store sales forecast.
Video game retailer GameStop Corp said on Thursday its first-quarter profit rose 13 percent, driven by sales of popular titles like Resident Evil 5 and Street Fighter IV, but same-store sales fell more than expected.
Amazon.com Inc will allow shoppers to trade in used video games for store credit, a move that may challenge a core driver of profitability for No. 1 U.S. game retailer GameStop Corp.
Amazon.com said on Thursday that it would allow shoppers to trade-in used videogames for store credit, a move that may challenge a core driver of profitability for game retailer GameStop.
Grand Theft Auto IV, the latest version of Take-Two Interactive Software Inc.'s gangland video game, raked in more than $500 million in sales during its first week in stores, selling more than 6 million units.
Game Stop Corp. (NYSE: GME), the world's largest video-game retailer, said on Wednesday that its first quarter profit more than doubled in part on strong Nintendo product sales, but just missed analyst expectations.