GameStop touted that global e-commerce sales made up 34 per cent of net sales in the fourth quarter compared with 12 per cent in the year-ago quarter. Sherman did not address the recent volatility in the company's shares in his remarks. GameStop shares were little changed in after-hours trading. Earlier this month, GameStop appointed a chief technology officer and hired executives to lead its customer care and e-commerce functions. Cohen, who co-founded the online pet supply company Chewy, took a huge stake in GameStop before the online frenzy over company shares began in January.

Source: New Zealand Herald March 24, 2021 00:01 UTC