GameStop officials don't think Wal-Mart will hurt sales at stores
such as the one in Collin Creek Mall in Plano.
GameStop Corp.'s stock price took a hit Wednesday after Wal-Mart Stores Inc. said it was discounting many top-selling video games and giving $50 gift cards to Nintendo Wii buyers.
[Click image for a larger version] FILE 2005/Staff photo
FILE 2005/Staff photo
GameStop officials don't think Wal-Mart will hurt sales at stores such as the one in Collin Creek Mall in Plano.
Shares of the Grapevine-based video game retailer fell $1.97, or 8.3 percent, to close at $21.87 after Wal-Mart turned its muscle-flexing onto GameStop's turf.
Since October, Wal-Mart has been selectively cutting prices in popular gift categories, including new release DVDs, best-selling books and popular toys. That forced competitors Amazon.com, Target Corp. and others to match or beat Wal-Mart's prices.
Now Wal-Mart is discounting top-25 video game titles by 15 percent to 20 percent through ...
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