ACC209 - Financial Management, Purchase For Amencan High Street Games Se'ler GameStop - Management Assignment Help
- Subject Code :
ACC209
Assignment Task
Financial Management
The year 2020 was hard for many businesses and more so for those with physical store outlets that actually required customers to vist ther stores and make a purchase For Amencan high street games se'ler GameStop, the year 2020 started with the same inancial woes that it had been facing since 2016. The 10 years prior to 2016 had been the glory years for the company, with it generating $6.2 billion in Mdeo game revenue from a 21-billion-dollar video game industry in 2015 Competition from online digital services that offer downloadable digital versions of the games caused a consistent decline in sales of GameStop for the past 5 years resulting in the company dosing more than 800 stores since 2019. The changing market.combined with effects of COVID-19 pandemic drastically reduced the number of shoppers visiting their stores, thereby pushing the vaue of the shares down even further.
Confused about this GameStop saga? Here are the 5 things you need to know
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