{"id":1032311,"date":"2026-09-01T07:22:48","date_gmt":"2026-09-01T01:52:48","guid":{"rendered":"https:\/\/telecomlive.in\/web\/?p=1032311"},"modified":"2026-09-01T07:27:39","modified_gmt":"2026-09-01T01:57:39","slug":"gamestop-expects-lower-quarterly-sales-on-store-closures-france-exit","status":"publish","type":"post","link":"https:\/\/telecomlive.in\/web\/2026\/09\/01\/gamestop-expects-lower-quarterly-sales-on-store-closures-france-exit\/","title":{"rendered":"GameStop expects lower quarterly sales on store closures, France exit"},"content":{"rendered":"<p>GameStop said on Monday it expects second-quarter net sales to decline due to planned store closures and the sale of its France operations. <\/p>\n<p>The \u200bvideogame retailer expects quarterly net sales in the range of $780 million to $800 million on a preliminary basis, compared with $972.2 million reported a year ago. <\/p>\n<p>Still, GameStop&#8217;s shares \u200crallied 5% \u2060in premarket \u2060trading after the company said it would pay about 27% of a previously announced $1.4 billion debt exchange through cash on hand instead of issuing new stock. That would prevent shareholders from suffering more dilution.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>GameStop said on Monday it expects second-quarter net sales to decline due to planned store closures and the sale of its France operations. The \u200bvideogame retailer expects quarterly net sales in the range of $780 million to $800 million on a preliminary basis, compared with $972.2 million reported a year ago. Still, GameStop&#8217;s shares \u200crallied 5% \u2060in premarket \u2060trading after the company said it would pay about 27% of a previously announced $1.4 billion debt exchange through cash on hand instead of issuing new stock. That would prevent shareholders from suffering more dilution.<\/p>\n","protected":false},"author":8,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[59,4,10],"tags":[],"class_list":["post-1032311","post","type-post","status-publish","format-standard","hentry","category-it-2-the-economic-times","category-newspapers","category-the-economic-times"],"acf":[],"_links":{"self":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/1032311","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/comments?post=1032311"}],"version-history":[{"count":1,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/1032311\/revisions"}],"predecessor-version":[{"id":1032312,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/1032311\/revisions\/1032312"}],"wp:attachment":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/media?parent=1032311"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/categories?post=1032311"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/tags?post=1032311"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}