- GameStop reported Wednesday a decline in fiscal third quarter sales.
- The company said inventory was slightly down from the same period last year.
- The brick-and-mortar retailer has been working to strengthen its place in the digital world.
The retailer continued to hold a lot of inventory on its balance sheet: $1.13 billion at the end of the quarter, although slightly down from $1.14 billion at the same time last year. Like other retailers, GameStop has been dealing with a backlog of inventory after intentionally bulking up on merchandise to contend with higher customer demand and supply chain issues.
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