GameStop CEO Quitting

GameStop’s CEO Geoge Sherman is leaving Gamestop and has announced that the company is searching for someone to replace him.

Several other board members of Gamestop are withdrawing from the company as well, including ex-Nintendo of America President, Reggie Fils-Aime. This is likely to result in major changes to the internal well-being of Gamestop.

Sherman’s official end date is July 31st, 2021, or sooner depending on when they are able to replace him. Gamestop’s main concern will be if the new replacement will be able to lead the company into a successful future where most gaming sales are done online. These days most people buy hardware from hardware specialty stores or also online. Because of this Gamestop has been struggling for roughly a decade. Lockdowns given by governments worldwide haven’t done Gamestop any favors either since they are not seen as essential, forcing them to close down and lose sales for several months. During this time, many people will have likely made the transition to purchasing games digitally online.

Is this the end of Gamestop? Or could this be a fresh new beginning? Perhaps drastic changes will encourage the company to put more hardware in their stores and more competitive prices on merchandise. Just maybe the company can survive.

Sadly, the days of running into Gamestop to pre-order a new game or just browse and randomly find a great game used for 5 bucks, may be over. Let’s hope Gamestop has planned something good for us.