GameStop Cuts Jobs Amid ‘Unsustainable’ Sales Decline

Shares on track for biggest decline in nine months.

U.S. video game retailer GameStop has announced job cuts amid what one analyst called an “unsustainable” sales decline.

GameStop’s fourth quarter saw $1.794 billion in sales, compared to $2.226 billion in the prior year’s fourth quarter. Net income was $63.1 million for the fourth quarter, compared to net income of $48.2 …

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