- GameStop has cut a deal with activist investment firm RC Ventures that brings in three veterans from e-commerce pet specialist Chewy to its board of directors, according to a press release issued on Monday.
- Coming to the retailer’s board are Ryan Cohen, the founder and former CEO of Chewy and manager of RC Ventures; Alan Attal, Chewy’s former chief marketing officer; and Jim Grube, former CFO of Chewy and most recently CFO of vacation rental company Vacasa.
- On Monday, GameStop also posted its holiday sales results, showing a massive 309% year-over-year increase in e-commerce sales and a 4.8% comparable sales increase. Total sales fell 3.1% due to permanent store closures and COVID-19 disruption, the company said.
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