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Did GameStop Just Learn How to Survive the Digital Gaming Future?

Did GameStop Just Learn How to Survive the Digital Gaming Future?

GameStop (NYSE: GME) business was hurting even before the COVID-19 outbreak, so a pandemic bursting on the scene that closed all nonessential retail should have brought it to its knees, if not killed it off. While the conventional wisdom says the migration of video game play to digital and downloads has the retailer biding its time until the console upgrade cycle kicks in, a new report suggests that not only has the coronavirus not done in GameStop, it may have actually taught it how to thrive in this new economy. With schools closed, businesses shuttered, and everyone on lockdown and in self-isolation, video game sales and gameplay are soaring.