Reggie Fils-Aimé Joins GameStop
Former president of Nintendo of America, Reggie Fils-Aimé is joining board of directors at GameStop next month.
As one of the largest retail chain in Western market, GameStop has a reputation of giving unfair deals to customers and using pushy sales tactics for years but recent years have lead them to close over 200 stores and losing $673 million in 2018.
In a press release on their official website today, former president of Nintendo of America, Reggie Fils-Aimé has been announced to join GameStop board of directors alongside William Simon and James Symancyk from April 10, 2020.
RELATED: Call of Duty: Warzone Revealed
Following rise of digital downloads and pressure from a larger market, GameStop is struggling to see good revenue for past few years now. It was revealed in January that sales for most recent quarter have gone down 25% than last year.
Company executives believe that upcoming release of next-gen video game consoles from Microsoft and Sony in holiday season 2020 can give them a much-awaited sales boost that they are desperately in need of to survive anymore.
RELATED: Mortal Kombat 11 Adds Spawn
However, recent layoffs to a number of district managers throughout multiple stores to cut costs. This only suggests that there could be more in near future and remaining GameStop employees have to do additional work now.
William "Bill" Simon who previously served in several leadership roles at Walmart and former president and CEO of PetSmart, James "J.K." Symancyk with 25 years of experience in retail and consumer products will be joining Fils-Aimé.
RELATED: Amnesia: Rebirth Announced
Simon has been appointed to audit committee and Symancyk is assigned to compensation committee. Together they will form a board of ten members to guide the company onwards though 2020 and further to turn things around.
Reggie Fils-Aimé joining board of directors at GameStop can become a redemption saga for this troubled retailer after all. His reputation and business skills can at least be helpful for the retailer to regain a positive image in gaming community.
As one of the largest retail chain in Western market, GameStop has a reputation of giving unfair deals to customers and using pushy sales tactics for years but recent years have lead them to close over 200 stores and losing $673 million in 2018.
In a press release on their official website today, former president of Nintendo of America, Reggie Fils-Aimé has been announced to join GameStop board of directors alongside William Simon and James Symancyk from April 10, 2020.
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| Reggie Fils-Aimé Joins GameStop |
RELATED: Call of Duty: Warzone Revealed
Following rise of digital downloads and pressure from a larger market, GameStop is struggling to see good revenue for past few years now. It was revealed in January that sales for most recent quarter have gone down 25% than last year.
Company executives believe that upcoming release of next-gen video game consoles from Microsoft and Sony in holiday season 2020 can give them a much-awaited sales boost that they are desperately in need of to survive anymore.
RELATED: Mortal Kombat 11 Adds Spawn
However, recent layoffs to a number of district managers throughout multiple stores to cut costs. This only suggests that there could be more in near future and remaining GameStop employees have to do additional work now.
William "Bill" Simon who previously served in several leadership roles at Walmart and former president and CEO of PetSmart, James "J.K." Symancyk with 25 years of experience in retail and consumer products will be joining Fils-Aimé.
RELATED: Amnesia: Rebirth Announced
Simon has been appointed to audit committee and Symancyk is assigned to compensation committee. Together they will form a board of ten members to guide the company onwards though 2020 and further to turn things around.
Reggie Fils-Aimé joining board of directors at GameStop can become a redemption saga for this troubled retailer after all. His reputation and business skills can at least be helpful for the retailer to regain a positive image in gaming community.
