GameStop will open on Thanksgiving and the numbers explain why
For the first time in several years, GameStop will be open on Thanksgiving.
The company kept stores closed for the holiday starting in 2014, and that policy has been in place ever since. The change — which was first reported by Kotaku — is motivated, according to GameStop, by "many of our store associates and guests [who] asked for this."
Like many retail-focused companies, fourth-quarter business during the holiday season accounts for an outsized portion of GameStop's earnings. The company claims the Thanksgiving Day opening is all because of feedback; that may be partially true, but a look at the numbers — as shared in quarterly and annual filings — gives a sense of what is likely the real thinking behind this change. Read more...
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GameStop will open on Thanksgiving and the numbers explain why
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Wednesday, August 02, 2017
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