Efforts by GameStop to drum up business — through the phenomenon that was Pokemon Go and diversifying its portfolio by acquiring more than 500 new AT&T dealer stores — were no match for consumers’ changing preference for digital downloads over physical copies. To that end, the struggling retailer will close at least 150 stores by the end of the year. [More]
hitting where it hurts
A trip to the grocery store or to the gas station could start costing more than it used to, as inflation is expected to rise. So who should we blame for higher priced food and fuel? Europe! Experts say it’s their fault for having the nerve to be suffering from a debt crisis.