GameStop Sales Decline as It Cuts Expenses, Changes Investment Policy

Key TakeawaysGameStop Corp. missed revenue estimates for the third quarter as sales declined in three of its four global markets, but it cut expenses.The video game retailer reported late Wednesday that sales of hardware, accessories, collectibles, and new software fell in the latest quarter.GameStop also said it approved a new investment policy on Tuesday, with Chairman and Chief Executive Officer (CEO) Ryan Cohen in charge of the portfolio.GameStop Corp. (GME) sales slumped in most of its global markets i ...