Categories
Uncategorized

GameStop's New Billionaire Investor Pushes for Digital Sales, Fewer Stores

Shoppers are spending more than ever on videogames, and one of GameStop Corp.’s biggest investors says the struggling retailer should get a bigger piece of the pie.
Chewy Inc. co-founder Ryan Cohen, who holds a nearly 10% stake in GameStop through his investment firm RC Ventures LLC, is pushing the company to conduct a strategic review after he says private talks with the board yielded little progress. Mr. Cohen, who first disclosed a position in GameStop in August, holds a stake valued at roughly $79 million based on current…
WSJ Membership
Customer Service
Tools & Features
Ads
More
Dow Jones Products

source

Leave a Reply

Your email address will not be published. Required fields are marked *