High Margin Categories
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GameStop reported its first quarterly profit in nearly two years, with a profit of $48.2 million
On March 22, GameStop, a video game and related product retailer, reported its first quarterly profit in nearly two years, with a profit of $48.2 million. Net sales decreased slightly to $2.23 billion from $2.25 billion in the fourth quarter of last year. Chief Executive Officer Matt Furlong said that the company will further reduce excess costs in 2023. It has withdrawn from some countries in the European market, and GameStop is also considering strengthening its business through higher margin categories such as toys. Interpretation of this information: The recent…
