GameStop Sales Climb as loss widens, Videogame retailer saw demand pick up as customers returned to its stores How Do Bubbles Form? Tulips and Gamestop Can Help Explain Asset bubbles are easy enough to define, but not so simple to identify. WSJ's Gunjan Banerji explains what bubbles are exactly, how they form and what happens when they burst. Illustration: Jacob Reynolds for The Wall Street Journal By Sarah E. NeedlemanFollow June 1, 2022 4:59 pm ET GameStop Corp. GME 10.38% sales rose as more people returned to its stores last quarter, but its loss widened, damping investors' hopes for signs of a turnaround for the videogame retailer. The Grapevine, Texas-based company posted on Wednesday $1.38 billion in net sales for the quarter through April 30, up from $1.28 billion a year earlier. On an adjusted basis, the retailer reported a loss of $2.08 a share, compared with a loss of 45 cents a share over the same period a year ago.Three analysts polled by FactSet expected net sales of $1.32 billion and an adjusted loss of $1.45 a share. Hopefully with the turn around of the economy Gamestop can to turn around the loss of their shares.

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