GameStop shares lower amid Wal-Mart specials
The game retailer’s stocks take a plunge following the announcement of game deals by Wal-Mart.
New York (WiredPRNews.com) – GameStop stock took a plunge Wednesday amid the announcement of special discounts on popular games offered by retail giant Wal-Mart. As reported by the Associated Press (AP), Wal-Mart Store Inc. recently announced recent holiday promotions that could have a significant impact on game sales of GameStop.
Janney Capital Markets analyst Tony Wible is quoted by the AP as stating to investors in a note on the matter, “This news is clearly a negative for (GameStop) which generates the bulk of its sales during the holiday season and may be forced to reduce prices to stay competitive.”
As noted in the report, GameStop has expressed optimism about this year’s holiday season. Shares of the game retailer’s stock closed Wednesday at $21.87.
WiredPRNews.com – The latest in Business News
Photo Credit: Wikipedia User Jared C. Benedict
Tags: game, Gamestop, holiday, new york, retailer, Tony Wible, Wal-MartOnline Business News Press Release Distribution - WiredPRNews.com
- Nissan and NASA Team Up to Launch Spec Z Racing Series
- Ford Earns Recognition for Family-Friendly Selection
- White Horse Advisors Announces Asset Management Services
- SOPA Blackout Causes Sentate Backout
- Trey Prophater Joins the White Hores Advisors Team
- Hotel Social Marketing News: RezExchange Launches Direct Integration With Flip.to
- Centerpoint Direct - #1 Allworx Dealer in Atlanta / Georgia / Southeast
- Land Rover Gets a Jump on Sales in January
- David Davich Review Of Birthday Party Rental Service In Covington LA
- Durapower Global Offers Iphone 4s bumpers at Low Prices
