GameStop reported relatively strong sales through its curbside program since closing its stores to the public a month ago, on March 22. In stores that remained open for curbside service, sales volumes were at over 90% of planned volumes, the company said in an interim update.  Headed into the shutdown, sales were actually up through March 21 as consumers bought products for indoor activities during , a strong reversal of the 26% decline the company experienced in its quarter ended February 1 (see “Gamestop Sales Up in March”). About two-thirds of the company’s stores are closed except for curbside pick-up, the other one-third are closed completely.

GameStop stores are opening in Italy, Germany, and Austria, and in U.S. states South Carolina and Georgia.

The company has begun expense reductions, including a 50% cut for the CEO and Board of Directors, and 30% cuts for the rest of the executive team.  Some other employees are taking 10% to 30% pay cuts, furloughs, or cutbacks to half-time pay for half-time work. 

Gamestop has also cut inventory purchases, focusing on hardware, software, and accessories (not mentioning “collectibles,” which includes merch and tabletop games). 

All in all probably the best that can be expected for the troubled chain in the coronavirus era.