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GameStop Suffers Worst Decline in Eight Months on Dim Outlook

Video-game retailer reduces forecast, adding to its woes
Poor-performing titles, weak sales of used games hurt holidays

An employee assists customers shopping for Microsoft Corp. Xbox 360 video games inside a GameStop Corp. store in Louisville, Kentucky, U.S., on Thursday, March 15, 2018. GameStop Corp. is scheduled to release earnings figures on March 28.Photographer: Luke Sharrett/Bloomberg

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By Christopher Palmeri

November 29, 2018 at 9:26 PM UTC

Updated on

November 30, 2018 at 4:11 PM UTC

This article is for subscribers only.

GameStop Corp. shares fell the most in eight months after the struggling video-game retailer cut its forecast, suggesting that the holiday season will be worse then expected.

The dim outlook sent the stock tumbling as much as 13 percent to $12.80 on Friday, marking the worst intraday swoon since March.