GameStop’s revenue is heading the wrong direction but the company is profitable again.
GameStop’s latest data shows the company has around8,000 full-time salaried and hourly workers globally.
In addition, GameStop employs between 13,000 and 18,000 part-time, hourly workers depending on the time of year.
These numbers are down substantially.
Profit, however, rose from $48.2 million to $63.1 million.
For the full year, sales slumped from $5.927 billion to $5.273 billion.
Pachter told Reuters that increases in digital game sales is negatively impacting GameStop’s bottom line.
In the past fiscal year, GameStop closed 287 stores worldwide and now has 4,169 stores.
Despite this,GameStop’s stock price remains up more than 400% in the past five years.
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