Sales across nearly every product category at video game retailer GameStop declined year-over-year, with the once-ailing company\u2019s collectible business once again representing the lone rise in year-over-year sales.<\/p>\n
GameStop as a whole reported a net loss of $83.4 million, which is less than the $488.6 million loss the company year prior — with a couple of caveats.<\/p>\n
That GAAP number for the quarter ending November 2, 2019 includes $43 million in impairment charges. GameStop also notes that the previous year’s loss included the Spring Mobile business that it has since sold off.<\/p>\n
Sales have been on a downturn<\/a> for a while now<\/a> at GameStop, and this quarter continues that trend. As a whole, global sales are down 25.7 percent from last year\u2019s $2.1 billion, coming in at $1.4 billion for the quarter.<\/p>\n Looking at it on a category-to-category basis, new hardware sales fell 45.8 percent year-over-year as a new console generation looms on the horizon; new software sales fell 32.6 percent following the previous year\u2019s new-release-boosted strong numbers, while accessory sales fell 13.4 percent and pre-owned sales, including both hardware and software, fell 13.3 percent.<\/p>\n Collectibles, meanwhile, were once again the only category to show a year-over-year increase, though the jump isn\u2019t as strong as the one reported last quarter. Sales of collectibles for the quarter rose 4.3 percent year-over-year thanks to both international and domestic growth.<\/p>\n