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Trade GAMESTOP

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Thinking of trading GAMESTOP?

    1. Despite declining sales, GameStop is not going anywhere anytime soon. After all, with $8 billion in annual sales, it is still a recognized brand in the industry. The company is seeing growth in accessories (up 22% last year) and collectibles (up 11%). Plus, GameStop generated more than $1 billion in sales last year from digital items, which gamers can purchase from GameStop's online store and download after purchase. 2. The partnership with Amazon has certainly helped the stock to rise in valuation. The company is taking this approach to make its brand relevant. For example, management is beginning to invest in the booming esports market. In late March, the company signed partnerships with multiple esports organizations, including Complexity Gaming.
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If you're a gamer, then you've most likely heard of GameStop, might even have bought games or consoles there.Game stop was formed in 1984 as Babbage's, but have since changed their name in 1999 to the more commonly known GameStop.GameStop is known as a retailer or consumer electronics, and wireless services. Headquartered in Grapevine, Texas, GameStop has 7,267 retails stores across the U.S., Canada, Australia, New Zealand and Europe.Stock has plunged more than 80% over the past five years as digital downloads disrupted sales of its physical games and mall traffic dried up. With fewer physical games in circulation, trade-ins and sales of preowned games also ground to a halt. Since the start of 2019, GameStop stock has had a peak in late January at 15.90USD, and a low point just recently in June, at 5.02USD.

1. No new consoles until 2020, that's bad news for GameStop, because usually, with the release of new consoles, their stock has been on the up trend, but a lack of new consoles could prove crippling. 2. Digital games, technology brands and pre-owned games have all declined in the last quarter in terms of highest gross margins. 3. In 2019, the company announced that it would suspend its dividend and devote that cash to reduce its debt and rolling out new "transformation initiatives." GameStop shouldered $469 million in long-term debt at the end of the first quarter, compared to $819 million a year earlier. GameStop reduced that debt by suspending its dividend, cutting its expenses, and selling its Spring Mobile stores to AT&T earlier this year.