GameStop says it will name Ryan Cohen chairman

gamestop says it will name ryan cohen chairman

Sumary of GameStop says it will name Ryan Cohen chairman:

  • GameStop announced Thursday that Chewy co-founder Ryan Cohen will become its chairman after the company’s annual shareholder meeting, which is scheduled for June 9..
  • The stock has retreated from some of its sky-high gains since a surge in late January, but is still up more than 835% this year, giving the company a market value of $12.4 billion..
  • Cohen invested in GameStop last year, to push the video game retailer to focus on online sales and shutter unprofitable stores in malls..
  • The transition is part of a broader management shake-up taking place at GameStop as it tries to turn its business around….

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