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GameStop’s Horrible Holiday in 1 Chart

TheMotleyFool

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New game consoles are coming this year, with the PlayStation 5 and Xbox Series X set to debut in time for the 2020 holiday season. It makes sense, then, that sales of the current generation of game consoles would slump ahead of those launches.

But the game console product cycle doesn't explain why video game retailer GameStop's (NYSE: GME) 2019 holiday sales were so bad. The company reported a staggering 24.7% decline in comparable-store sales for the nine-week period ended Jan. 5, along with a 27.5% decline in total revenue.

That's the worst performance by far in recent memory:

Source Fool.com

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