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GameStop doubles down on trading cards and other collectibles

IGN · 21 days ago
IGN
IGN
21 days ago

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
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