In today's Daily Fix:GameStop is pivoting to the collectible trading card market as the company looks to improve upon a succesful first financial quarter. Trading cards—Pokémon specifically—are a huge market for collectors, but scalpers often prevent most fans from purchasing cards at retail prices.
BreakdownGenerated by LeadStory AI
- GameStop CEO Ryan Cohen announced a renewed focus on trading cards, especially Pokémon cards. 34s
- The company reported its first profitable opening quarters since 2019, partly due to business refocusing. 39s
- Cohen described trading cards as a natural extension of GameStop's business and retail heritage. 55s
- Shareholders reacted negatively to the announcement, with GameStop shares dropping 22%. 1m 49s
- The trading card market, particularly for Pokémon, remains highly valuable and competitive. 1m 53s