Page 5 - Alan Attal News Today : Breaking News, Live Updates & Top Stories | Vimarsana

The move marks GameStop s biggest, but not the first, executive shakeup since Ryan Cohen, the co-founder and former chief executive of online pet food company Chewy Inc, joined the company s board in January and sits as the largest individual shareholder.  RC Ventures, Cohen’s investment firm, has amassed an approximately 13% stake in GameStop with the goal of transforming the company into a major e-commerce player that sells a wide variety of merchandise with fast shipping.  GameStop recently reported that its global e-commerce sales surged 175%, representing 34% of net sales in the fourth quarter of fiscal 2020. For the full year, global e-commerce sales increased 191%, representing nearly 30% of total net sales.

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