GameStop Investor Adds Pressure, Calls for Strategic Review (1)

GameStop Corp. investor Ryan Cohen urged the video-game retailer to undertake a strategic review of its operations after discussions with management in recent weeks led to “little progress.”

In a letter to the board obtained by Bloomberg, Cohen’s RC Ventures LLC said GameStop was putting too much emphasis on its physical stores -- rather than focusing on its online potential.

“GameStop’s leadership should immediately conduct a strategic review of the business and share a credible plan for seizing the tremendous opportunities in the rapidly growing gaming sector,” Cohen said in the letter. “GameStop needs to evolve into a technology company ...