He was also illegally pocketing a lot of money from the company.
Instead, the stock has been largely flat — climbing less than one point year to date, noticeably underperforming the market’s seven percent gains — as well as other companies in the gaming space.
Traditional brick and mortar isn’t going away anytime soon – and used game sales are still a viable force. But day one digital purchase options are becoming more and more frequent on consoles and DLC is one of the fastest growing segments in the industry.
To adapt, the retailer has been in the process of pivoting for a while now. And Brad Schliesser, director of digital content for GameStop, says the efforts are paying off.
Video game consumers have something of a love-hate relationship with GameStop. So do publishers.
For that matter, so do investors. And over the past couple of days, Wall Street insiders (and the financial blogosphere) have been whispering furiously about the possibility that GameStop could find itself on the receiving end of a buyout offer at some point in the future.