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Video-game retailer GameStop's quarterly sales fall 14.3%

Credit: REUTERS/Rick Wilking

GameStop Corp Inc reported a 14.3% fall in second-quarter sales on Tuesday as sales of video games declined at its stores, with consumers preferring to download games online.

Sept 10 (Reuters) - GameStop Corp Inc GME.N reported a 14.3% fall in second-quarter sales on Tuesday as sales of video games declined at its stores, with consumers preferring to download games online.

The video-game retailer's net loss widened to $415.3 million, or $4.15 per share, from $24.9 million, or 24 cents per share, a year earlier.

The latest quarter's results include asset impairment charges and other items of $3.82 per share.

Net sales fell to $1.29 billion from $1.5 billion.

(Reporting by Neha Malara in Bengaluru; Editing by Maju Samuel)

((Neha.Malara@thomsonreuters.com; within U.S.+1 646 223 8780; outside U.S. +91 80 6749 0344;))

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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