News - National
GameStop shares tumble on Wal-Mart game deals
Posted: Dec 2, 2009 10:31 AM by Associated Press
GameStop's shares are falling after an announcement from Wal-Mart that the big retailer is offering deals on popular video games and the Nintendo Wii leading up to the holidays.
Wal-Mart Stores Inc. said Wednesday it is lowering the prices of the most popular video games until Christmas Eve. It's also running a promotion from Saturday through Dec. 12 giving shoppers who buy the Wii game console a $50 gift card.
Analysts say the Wal-Mart deals could undercut GameStop's holiday sales or drive it to lower prices too. GameStop shares are down $2.14, or 9 percent, at $21.70 in midday trading.
As Seen On News 5
