GameStop Narrows 2Q Loss as Costs Drop

GameStop reported a slight increase in sales and a narrower loss for the fiscal second quarter, as the videogame retailer continued to pursue turnaround efforts without a chief executive officer and chief financial officer. Texas-based GameStop posted $1.16 billion in sales for the July-ended quarter, up from $1.14 billion a year earlier. Cost cutting helped narrow its reported loss to $2.8 million compared with a loss of $108.7 million a year ago.