GameStop experiences a decrease in quarterly sales.

GameStop (GME.N) announced a drop in first-quarter net sales on Friday, attributing the decline to a shift in customer preferences towards online purchases of video games and collectibles, while the retailer heavily depends on physical stores. The company recorded net sales of $881.8 million in the quarter ending May 4, marking a decrease from $1.24 billion in the corresponding period last year.

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