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GameStop CEO search may top Ryan Cohen's housecleaning

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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GameStop undergoes makeover as 8 board members leave

GameStop undergoes makeover as 8 board members leave
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Reggie Fils-Aimé is expected to retire from GameStop board of directors

Reggie Fils-Aimé is expected to retire from GameStop board of directors
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GameStop holiday sales down 3.1% in 2020

New consoles can t offset impact of closing more than 450 stores and COVID-19 shutdowns; retailer shakes up board of directors ....

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GameStop Names 3 New Directors in Accord With Activist RC

GameStop Names 3 New Directors in Deal With Activist Investor
GameStop named three new directors, in an accord with an activist investor, and it said that holiday same-store sales rose.
Author:
Original:
Jan 11, 2021
GameStop shares rose as the videogame retailer named three new directors, in an accord with an activist investor, and it estimated that same-store holiday sales rose.
The Grapevine, Texas, chain s agreement with RC Ventures places three of the New York activist investor s nominees Alan Attal, Ryan Cohen and Jim Grube on the board.
RC Ventures is GameStop s second-largest shareholder, with a 13.8% stake, according to FactSet.
A statement from GameStop said the three executives have deep expertise in e-commerce, online marketing, finance and strategic planning. ....

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