GameStop Struggles with Shifting Market, Cuts Jobs and International Operations

• GameStop cuts jobs and closes some international operations to reduce costs • GameStop reported lower Q4 revenue - $1.79 billion vs $2.23 billion a year earlier • Competition from e-commerce and weak consumer spending hurting videogame industry • GameStop facing ongoing shift to digital game sales and competition from Amazon, Ebay • GameStop Q4 adjusted EPS was 22 cents, compared to 16 cents a year earlier