GameStop turned a profit in the fourth quarter and saw a decrease in its net loss for the full fiscal year, from $673 million to $470.9 million this year.The earnings call also mentioned GameInformer, GameStop’s media outlet that suffered layoffs in 2019. GameStop plans to build value in the brand through “interactive digital media,” but the retailer didn’t go into any further detail about their plans.
In other GameStop news, the company decided to close its stores in accordance with CDC guidelines after coming under fire for deeming its outlets as “essential” business and keeping the doors open during the COVID-19 pandemic.
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Jordan Oloman is a freelance writer for IGN. Follow him on Twitter.
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