GameStop expects lower quarterly sales on store closures, France exit

Aug 31 : GameStop said on Monday it expects second-quarter net sales to decline due to planned store closures and the sale of its France operations.The videogame retailer expects quarterly net sales in the range of $780 million to $800 million on a preliminary basis, compared with $972.2 million reported a year ago.GameStop has been pursuing a high-profile takeover of the much-larger eBay and has built a nearly 10 per cent stake in the online auction site even after suffering a rejection in May. Bloomberg News reported earlier this month it could pull the bid and instead focus on a partnership or venture with the e-commerce company.While the takeover proposal attracted significant attention on Wall Street and among retail investors, it drew widespread skepticism from analysts, who question