GameStop Stock Gains 6% on Retro Gaming Push and Debt Reduction

Tiger Newspress08-29

In an interesting twist this week, GameStop announced the opening or restyling of several "retro" locations that sell old consoles and hardware, as well as software discs. The retailer's retro website includes games for NES, SNES, Game Boy, Game Boy Advance, N64, DS, GameCube, Wii, Wii U, PS1, PS2, PS3, PS Vita, Xbox, Xbox 360, Sega Dreamcast, Sega Saturn, and Sega Genesis.

On the financial front, GameStop disclosed on Wednesday that the company voluntarily terminated its credit facility, including all commitments and obligations under the credit agreement. The termination was effective as of August 27. As a result, the company's principal sources of liquidity will be cash from operations and cash on hand.

The development is not a total surprise, with GameStop estimated to have as much $4 billion in cash following the sale of stock in June. With its Q1 earnings report, GameStop reported long-term debt of just $14.3 million, which was tied to a low-interest, unsecured term loan associated with the French government's response to COVID-19.

GameStop is scheduled to report Q2 earnings on September 10 after the market closes.

Shares of GameStop were up 6% in morning trading Thursday.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

Little Froggy
08-30
Little Froggy
To the moon!!! 🚀🚀🚀
Jayden Chong
08-29
Jayden Chong
[Cool] [Cool]
jayjong
08-29
jayjong
Bullish

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The retailer&#39;s retro website includes games for NES, SNES, Game Boy, Game Boy Advance, N64, DS, GameCube, Wii, Wii U, PS1, PS2, PS3, PS Vita, Xbox, Xbox 360, Sega Dreamcast, Sega Saturn, and Sega Genesis.</p><p style=\"text-align: left;\">On the financial front, GameStop disclosed on Wednesday that the company voluntarily terminated its credit facility, including all commitments and obligations under the credit agreement. The termination was effective as of August 27. As a result, the company&#39;s principal sources of liquidity will be cash from operations and cash on hand.</p><p style=\"text-align: left;\">The development is not a total surprise, with GameStop estimated to have as much $4 billion in cash following the sale of stock in June. With its Q1 earnings report, GameStop reported long-term debt of just $14.3 million, which was tied to a low-interest, unsecured term loan associated with the French government&#39;s response to COVID-19.</p><p style=\"text-align: left;\">GameStop is scheduled to report Q2 earnings on September 10 after the market closes.</p><p style=\"text-align: left;\">Shares of GameStop were up 6% in morning trading Thursday.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/ca27e24e9f79c6c0a7ad78085c067613\" tg-width=\"876\" tg-height=\"628\"/></p><p></p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"GME":"游戏驿站"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1122130100","content_text":"In an interesting twist this week, GameStop announced the opening or restyling of several \"retro\" locations that sell old consoles and hardware, as well as software discs. The retailer's retro website includes games for NES, SNES, Game Boy, Game Boy Advance, N64, DS, GameCube, Wii, Wii U, PS1, PS2, PS3, PS Vita, Xbox, Xbox 360, Sega Dreamcast, Sega Saturn, and Sega Genesis.On the financial front, GameStop disclosed on Wednesday that the company voluntarily terminated its credit facility, including all commitments and obligations under the credit agreement. The termination was effective as of August 27. As a result, the company's principal sources of liquidity will be cash from operations and cash on hand.The development is not a total surprise, with GameStop estimated to have as much $4 billion in cash following the sale of stock in June. With its Q1 earnings report, GameStop reported long-term debt of just $14.3 million, which was tied to a low-interest, unsecured term loan associated with the French government's response to COVID-19.GameStop is scheduled to report Q2 earnings on September 10 after the market closes.Shares of GameStop were up 6% in morning trading Thursday.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":343701534679296,"gmtCreate":1724941033355,"gmtModify":1724941036584,"author":{"id":"4094961541348500","authorId":"4094961541348500","name":"Jayden Chong","avatar":"https://static.tigerbbs.com/74ce18b74c2efd35132ff771b3eeae18","vip":1,"crmLevel":1,"crmLevelSwitch":1,"idStr":"4094961541348500","authorIdStr":"4094961541348500"},"htmlText":"[Cool]&nbsp; [Cool]&nbsp;&nbsp;","listText":"[Cool]&nbsp; [Cool]&nbsp;&nbsp;","text":"[Cool] [Cool]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/343701534679296","repostId":1122130100,"repostType":2,"repost":{"id":"1122130100","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1724940900,"share":"https://ttm.financial/m/news/1122130100?lang=&edition=fundamental","pubTime":"2024-08-29 22:15","market":"us","language":"en","title":"GameStop Stock Gains 6% on Retro Gaming Push and Debt Reduction","url":"https://stock-news.laohu8.com/highlight/detail?id=1122130100","media":"Tiger Newspress","summary":"In an interesting twist this week, GameStop announced the opening or restyling of several \"retro\" locations that sell old consoles and hardware, as well as software discs. The retailer's retro website includes games for NES, SNES, Game Boy, Game Boy Advance, N64, DS, GameCube, Wii, Wii U, PS1, PS2, PS3, PS Vita, Xbox, Xbox 360, Sega Dreamcast, Sega Saturn, and Sega Genesis.On the financial front, GameStop disclosed on Wednesday that the company voluntarily terminated its credit facility, includi","content":"<html><head></head><body><p style=\"text-align: left;\">In an interesting twist this week, GameStop announced the opening or restyling of several &#34;retro&#34; locations that sell old consoles and hardware, as well as software discs. The retailer&#39;s retro website includes games for NES, SNES, Game Boy, Game Boy Advance, N64, DS, GameCube, Wii, Wii U, PS1, PS2, PS3, PS Vita, Xbox, Xbox 360, Sega Dreamcast, Sega Saturn, and Sega Genesis.</p><p style=\"text-align: left;\">On the financial front, GameStop disclosed on Wednesday that the company voluntarily terminated its credit facility, including all commitments and obligations under the credit agreement. The termination was effective as of August 27. As a result, the company&#39;s principal sources of liquidity will be cash from operations and cash on hand.</p><p style=\"text-align: left;\">The development is not a total surprise, with GameStop estimated to have as much $4 billion in cash following the sale of stock in June. With its Q1 earnings report, GameStop reported long-term debt of just $14.3 million, which was tied to a low-interest, unsecured term loan associated with the French government&#39;s response to COVID-19.</p><p style=\"text-align: left;\">GameStop is scheduled to report Q2 earnings on September 10 after the market closes.</p><p style=\"text-align: left;\">Shares of GameStop were up 6% in morning trading Thursday.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/ca27e24e9f79c6c0a7ad78085c067613\" tg-width=\"876\" tg-height=\"628\"/></p><p></p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>GameStop Stock Gains 6% on Retro Gaming Push and Debt Reduction</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nGameStop Stock Gains 6% on Retro Gaming Push and Debt Reduction\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2024-08-29 22:15</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p style=\"text-align: left;\">In an interesting twist this week, GameStop announced the opening or restyling of several &#34;retro&#34; locations that sell old consoles and hardware, as well as software discs. The retailer&#39;s retro website includes games for NES, SNES, Game Boy, Game Boy Advance, N64, DS, GameCube, Wii, Wii U, PS1, PS2, PS3, PS Vita, Xbox, Xbox 360, Sega Dreamcast, Sega Saturn, and Sega Genesis.</p><p style=\"text-align: left;\">On the financial front, GameStop disclosed on Wednesday that the company voluntarily terminated its credit facility, including all commitments and obligations under the credit agreement. The termination was effective as of August 27. As a result, the company&#39;s principal sources of liquidity will be cash from operations and cash on hand.</p><p style=\"text-align: left;\">The development is not a total surprise, with GameStop estimated to have as much $4 billion in cash following the sale of stock in June. With its Q1 earnings report, GameStop reported long-term debt of just $14.3 million, which was tied to a low-interest, unsecured term loan associated with the French government&#39;s response to COVID-19.</p><p style=\"text-align: left;\">GameStop is scheduled to report Q2 earnings on September 10 after the market closes.</p><p style=\"text-align: left;\">Shares of GameStop were up 6% in morning trading Thursday.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/ca27e24e9f79c6c0a7ad78085c067613\" tg-width=\"876\" tg-height=\"628\"/></p><p></p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"GME":"游戏驿站"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1122130100","content_text":"In an interesting twist this week, GameStop announced the opening or restyling of several \"retro\" locations that sell old consoles and hardware, as well as software discs. The retailer's retro website includes games for NES, SNES, Game Boy, Game Boy Advance, N64, DS, GameCube, Wii, Wii U, PS1, PS2, PS3, PS Vita, Xbox, Xbox 360, Sega Dreamcast, Sega Saturn, and Sega Genesis.On the financial front, GameStop disclosed on Wednesday that the company voluntarily terminated its credit facility, including all commitments and obligations under the credit agreement. The termination was effective as of August 27. As a result, the company's principal sources of liquidity will be cash from operations and cash on hand.The development is not a total surprise, with GameStop estimated to have as much $4 billion in cash following the sale of stock in June. With its Q1 earnings report, GameStop reported long-term debt of just $14.3 million, which was tied to a low-interest, unsecured term loan associated with the French government's response to COVID-19.GameStop is scheduled to report Q2 earnings on September 10 after the market closes.Shares of GameStop were up 6% in morning trading Thursday.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":343645503574304,"gmtCreate":1724927328730,"gmtModify":1724927332478,"author":{"id":"3572242811173585","authorId":"3572242811173585","name":"jayjong","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3572242811173585","authorIdStr":"3572242811173585"},"htmlText":"Bullish","listText":"Bullish","text":"Bullish","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/343645503574304","repostId":1122130100,"repostType":2,"repost":{"id":"1122130100","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1724940900,"share":"https://ttm.financial/m/news/1122130100?lang=&edition=fundamental","pubTime":"2024-08-29 22:15","market":"us","language":"en","title":"GameStop Stock Gains 6% on Retro Gaming Push and Debt Reduction","url":"https://stock-news.laohu8.com/highlight/detail?id=1122130100","media":"Tiger Newspress","summary":"In an interesting twist this week, GameStop announced the opening or restyling of several \"retro\" locations that sell old consoles and hardware, as well as software discs. The retailer's retro website includes games for NES, SNES, Game Boy, Game Boy Advance, N64, DS, GameCube, Wii, Wii U, PS1, PS2, PS3, PS Vita, Xbox, Xbox 360, Sega Dreamcast, Sega Saturn, and Sega Genesis.On the financial front, GameStop disclosed on Wednesday that the company voluntarily terminated its credit facility, includi","content":"<html><head></head><body><p style=\"text-align: left;\">In an interesting twist this week, GameStop announced the opening or restyling of several &#34;retro&#34; locations that sell old consoles and hardware, as well as software discs. The retailer&#39;s retro website includes games for NES, SNES, Game Boy, Game Boy Advance, N64, DS, GameCube, Wii, Wii U, PS1, PS2, PS3, PS Vita, Xbox, Xbox 360, Sega Dreamcast, Sega Saturn, and Sega Genesis.</p><p style=\"text-align: left;\">On the financial front, GameStop disclosed on Wednesday that the company voluntarily terminated its credit facility, including all commitments and obligations under the credit agreement. The termination was effective as of August 27. As a result, the company&#39;s principal sources of liquidity will be cash from operations and cash on hand.</p><p style=\"text-align: left;\">The development is not a total surprise, with GameStop estimated to have as much $4 billion in cash following the sale of stock in June. With its Q1 earnings report, GameStop reported long-term debt of just $14.3 million, which was tied to a low-interest, unsecured term loan associated with the French government&#39;s response to COVID-19.</p><p style=\"text-align: left;\">GameStop is scheduled to report Q2 earnings on September 10 after the market closes.</p><p style=\"text-align: left;\">Shares of GameStop were up 6% in morning trading Thursday.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/ca27e24e9f79c6c0a7ad78085c067613\" tg-width=\"876\" tg-height=\"628\"/></p><p></p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>GameStop Stock Gains 6% on Retro Gaming Push and Debt Reduction</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nGameStop Stock Gains 6% on Retro Gaming Push and Debt Reduction\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2024-08-29 22:15</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p style=\"text-align: left;\">In an interesting twist this week, GameStop announced the opening or restyling of several &#34;retro&#34; locations that sell old consoles and hardware, as well as software discs. The retailer&#39;s retro website includes games for NES, SNES, Game Boy, Game Boy Advance, N64, DS, GameCube, Wii, Wii U, PS1, PS2, PS3, PS Vita, Xbox, Xbox 360, Sega Dreamcast, Sega Saturn, and Sega Genesis.</p><p style=\"text-align: left;\">On the financial front, GameStop disclosed on Wednesday that the company voluntarily terminated its credit facility, including all commitments and obligations under the credit agreement. The termination was effective as of August 27. As a result, the company&#39;s principal sources of liquidity will be cash from operations and cash on hand.</p><p style=\"text-align: left;\">The development is not a total surprise, with GameStop estimated to have as much $4 billion in cash following the sale of stock in June. With its Q1 earnings report, GameStop reported long-term debt of just $14.3 million, which was tied to a low-interest, unsecured term loan associated with the French government&#39;s response to COVID-19.</p><p style=\"text-align: left;\">GameStop is scheduled to report Q2 earnings on September 10 after the market closes.</p><p style=\"text-align: left;\">Shares of GameStop were up 6% in morning trading Thursday.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/ca27e24e9f79c6c0a7ad78085c067613\" tg-width=\"876\" tg-height=\"628\"/></p><p></p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"GME":"游戏驿站"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1122130100","content_text":"In an interesting twist this week, GameStop announced the opening or restyling of several \"retro\" locations that sell old consoles and hardware, as well as software discs. The retailer's retro website includes games for NES, SNES, Game Boy, Game Boy Advance, N64, DS, GameCube, Wii, Wii U, PS1, PS2, PS3, PS Vita, Xbox, Xbox 360, Sega Dreamcast, Sega Saturn, and Sega Genesis.On the financial front, GameStop disclosed on Wednesday that the company voluntarily terminated its credit facility, including all commitments and obligations under the credit agreement. The termination was effective as of August 27. As a result, the company's principal sources of liquidity will be cash from operations and cash on hand.The development is not a total surprise, with GameStop estimated to have as much $4 billion in cash following the sale of stock in June. With its Q1 earnings report, GameStop reported long-term debt of just $14.3 million, which was tied to a low-interest, unsecured term loan associated with the French government's response to COVID-19.GameStop is scheduled to report Q2 earnings on September 10 after the market closes.Shares of GameStop were up 6% in morning trading Thursday.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"isCommentEnd":false,"newsSizeData":{"likeSize":8,"commentSize":3,"repostSize":3,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.1","shortVersion":"4.29.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/1122130100"}