GameStop institutes temporary pay cuts, plans re-opening some stores [MarketWatch]
GameStop Corporation (GME)
Last gamestop corporation earnings: 3/26 04:06 pm
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Source: MarketWatch
GameStop Corp. shares pared regular-session losses in the extended session Tuesday after the videogame retailer said it was instituting COVID-19-related pay cuts and updated its state of operations during the pandemic. GameStop shares rallied 6.7% after-hours, following a 15% drop to $4.78 during the regular session. GameStop said a third of its U.S. stores remained closed but that two-thirds were still open with curbside pickup service. Same-store sales for the nine-week period ending April 4 fell about 23% from the year-ago period, the company said. GameStop said it is planning to potentially re-open stores to customers in South Carolina and Georgia and internationally in Italy, Germany, and Austria. GameStop also said Chief Executive George Sherman and the board will take a temporary 50% cut in compensation, Chief Financial Officer Jim Bell will take a temporary 30% cut, and that other GameStop employees will take 10% to 30% pay cuts.
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GME
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- 10/6/25 - Form CERT
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