Yeah look it's still making profits and by no small margin, we're debating how successful a company is by the mutliple millions it's making and forgetting the fact it's making multiple millions, that's after all expenses for running the company is made. On the heels of covid of course most companies are bankrupt by now, or on their last legs, GME is still making millions, it absolutely has a chance to turn things around.
How exactly I don't know, they're making sales but not as many, I know my local retailers make most of their money through cellphones and cellphone accessories, so they ended up stocking more cellphone related items than anything else in the electronic stores and saw a rise in profits.
GME needs to find what makes them the money and what options has the best chance of turning a profit in the future. Gamestop doesn't need to go bankrupt, it just needs to prioritize good leadership to steer this ship around.
It's not a sinking ship, not yet, but it's headinh towards the iceberg, it has time to change course, but it needs to act sooner than later. Everything is going online, but look at Amazon, they sell how much physical everything?
One of the strong points to Amazon is 1. Cheappriced items 2. A great delivery service, those two made them into a multi billion dollar store, despite everything going digital, they managed to stay aflaot, so gamestop has options, otherwise Amazon would be reporting similar losses, and they just aren't. There's still hope, they just need good leadership with creative minds.
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