GameStop’s growth strategy involves more stores

GameStop CEO Paul Raines expects physical sales to remain key to the company’s revenue as customers continue to visit stores for such hardware as new consoles and virtual reality devices, and also to buy, sell and trade games and hardware, the Dallas Business Journal reported. “Our core physical games are generating cash flow that we can deploy into other retail concepts to generate growth,” Raines said at the chain’s 2016 Investors Day. “We have several competencies as a specialty retailer that we can apply to other retail concepts.” [Biz Journal]