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Do the hits ever stop coming for GameStop(NYSE: GME)? The video game retailer is suffering under a cascade of bad news and more keeps being poured on.
The latest misfortune to befall GameStop is actually a double whammy:
With hardware sales plummeting, software sales in a nose dive, and even accessories and pre-owned games in freefall as everyone awaits the console upgrade cycle to begin later this year -- not to mention the absolutely horrendous Christmas season it had -- these were new speed bumps GameStop didn't need to hit.