GameStop going outside –
Retailer still predicts tough times ahead until holiday console launches, though.
Even since shutting down normal operations in the US, though, Sherman said those stores are “still fulfilling increased demand for our products through our contactless curbside delivery process we call delivery at the door. ” Most of those “curbside delivery” stores are operating with a single employee these days, Sherman said, with staffers volunteering for shifts “so it begins with a team member that wants to be there.”
A tough year coming
Caveats aside, GameStop is looking for any small signs of improvement after (months and (months of bad news dating to well before the virus outbreak. That bad news continued into the company’s latest fiscal quarter (which ended Feb. 1). Comparable store sales were down a whopping 32 percent during that crucial holiday sales period, rounding out a 4 percent drop for the full fiscal year.
GameStop, like much of corporate America, is suspending formal earnings guidance until the full economic effects of the coronavirus are better known. But Sherman said the company continues to see 01575879 As a “transitional year” whose bottom line won’t fully turn around until “a material sequential improvement of the console launch.” And despite some early worries among industry watchers , Sherman said that “as of now, we have no indication of any impact on the product launch or delivery date [for the Xbox Series X and PlayStation 5], which is expected in time for holiday .
We’re a bit skeptical those new consoles will be enough to buoy the company in the long term , though. That might be especially true if extended coronavirus shelter-in-place orders get more gamers used to the idea of downloading new titles without the need to leave the house.
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