GameStop is the biggest video game retailer in the world, but the publicly-traded company has experienced instability in recent years due to shifts in games consumption, particularly the decline of the used game market. The company released its official earnings report for Q2 (June-August in this case) today, and while the numbers aren't quite as dismal as last year, they're still not promising either.

　　Overall, GameStop reported a net loss of $111 million, compared to $415 million from the same period last year. However, net sales dropped from $1.2 billion to $900 million--a decrease of 26.7%--which can likely be attributed in part to store closures caused by the ongoing coronavirus crisis. There was a 13% reduction in total store operating days due to COVID-19, and a 10% reduction in the overall number of stores. The company did champion a 800% increase in e-commerce sales, which represents 20% of its net sales. The company's stock decreased by more than 4% due to the report.

　　You need a javascript enabled browser to watch videos.

　　Click To Unmute

　　Firearms Expert’s FAVORITE Weapons Of 2023

　　State Of Gaming Handhelds In 2023How Lies of P Cracked the Souls GenreLike a Dragon: Infinite Wealth - Official Ichiban Kasuga Character Spotlight TrailerLike a Dragon: Infinite Wealth - Official Chitose Fujinomiya Character Spotlight TrailerLike a Dragon: Infinite Wealth - Official Kazuma Kiryu Character Spotlight TrailerNew PS Plus Feels Boring Compared to Xbox Game PassPlayStation 5: One Year LaterXbox Series X/S: One Year LaterE3 Is Back, But PlayStation Isn't2021: AAA Gaming’s Weirdest Year?Does Sony Care About Its Back Catalog? | Console Crew

　　Share

　　LinkEmbed

　　Size:640 × 360480 × 270

　　Start at: End at: Autoplay Loop

　　Want us to remember this setting for all your devices?

　　Sign up or Sign in now!

　　Please use a html5 video capable browser to watch videos.

　　This video has an invalid file format.

　　00:00:00

　　HTML5

　　Auto HD High Low

　　Report a problem

　　Sorry, but you can't access this content!

Please enter your date of birth to view this video

　　By clicking 'enter', you agree to GameSpot's

　　Terms of Use and Privacy Policy

　　enter

　　Now Playing: PS5 And Series X Launch Lineup Wishlists | Generation Next

　　GameStop made national headlines back in March when the retailer tried to declare itself an essential business, with the company's management ordering staff to resist efforts by authorities to close their stores. GameStop later went back on this claim, closing stores to in-person retail and offering curbside pickup instead. The retailer plans to close more than 300 stores this year. The upcoming launch of the PS5 and Xbox Series X will be a boon to the company in the short-term, but it's still unclear what effect that will have in the long-term.