GameStop reports a 29% decline in sales and $32 million loss for the first quarter
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GameStop reported its first-quarter results Friday, showing a steep decline in sales along with a loss on the bottom line. The video game retailer posted net sales of $881.8 million for the period. That’s down 29% from $1.237 billion a year prior. To be sure, the company’s quarterly loss of $32.3 million was narrower than the year-earlier period’s of $50.5 million.
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