GameStop fired CEO Matthew Furlong on Wednesday and said that its board had elected activist investor Ryan Cohen as its executive chairman, effective immediately.
GameStop Corp. fired Chief Executive Matthew Furlong on Wednesday and said that its board had elected activist investor Ryan Cohen as its executive chairman, effective immediately.
Cohen, the founder and former CEO of online pet-supplies retailer Chewy Inc. CHWY, -4.10% and a big investor in GameStop, had been board chairman. He had also amassed and then sold off a stake in Bed Bath & Beyond, the home-goods retailer that is in the process of closing up shop. For its first quarter, GameStop reported a net loss of $50.5 million, or 17 cents a share — far narrower than the $157.9 million, or 52 cents a share, in the same quarter last year. Net sales were $1.24 billion, down from $1.38 billion in the prior-year quarter. GameStop ended the quarter with cash and cash equivalents of $1.06 billion.
Norge Siste Nytt, Norge Overskrifter
Similar News:Du kan også lese nyheter som ligner på denne som vi har samlet inn fra andre nyhetskilder.
GameStop fires CEO, names Ryan Cohen executive chairmanGameStop fired its CEO and appointed Ryan Cohen as executive chairman just months after the company reported its first quarterly profit in two years.
Les mer »
GameStop fires CEO, elects Ryan Cohen as executive chairmanGameStop fired its chief executive on Wednesday and said that its board had elected Ryan Cohen as its executive chairman, effective immediately.
Les mer »
GameStop Fires CEO, Names Investor Ryan Cohen Executive ChairmanGameStop has named billionaire investor Ryan Cohen as its executive chairman and fired CEO Matt Furlong
Les mer »
Stocks making the biggest moves premarket: Netflix, Tesla, Coinbase, GameStop and moreThese are the stocks posting the largest moves in premarket trading.
Les mer »
GameStop’s stock rallies as options traders prep for a big post-earnings moveGameStop's stock rocketed 35% the day after the last quarterly report and has averaged a gain of more than 13% after the past five reports.
Les mer »
Andy Cohen’s Son Gave Him the Spot-On Road Trip Advice We All NeededAndy Cohen's son just gave some seriously brilliant advice. Time to take notes!
Les mer »