GameStop CEO Says The Company’s Future Isn’t In Games
GameStop is leaning heavily to trading cards as part of it’s future strategy, according to CEO Ryan Cohen. The news comes as a part of larger strategy shift to buy and hold a lot of bitcoin.
Cohen has said that continuing to focus on trading cards, including the incredibly popular recent Pokémon card sets, is a “natural extension” of GameStop’s business. He added that the collectibles could have potential for high profit margins.
Pokémon cards have a seen a gigantic resurgence recently. Stores regularly sell of sets, including the Destined Rivals set that launched on May 30. Cards have become increasingly hard to find as scalpers buy up supply and sell Pokémon card products–including cards, special boxes, and accessories–at exorbitant prices.
