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Tom Rotunno

Senior Editor

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Retail

  • GameStop shares took a hit after Microsoft unveiled its Xbox One and it said it wouldn't play used games, or would charge a fee to do so. Paul Raines, CEO of GameStop, offers insight on the quarter and the console business.

  • Clothing-store chain Gap delivered earnings and revenue that beat expectations, an encouraging sign for the retail sector.

  • The department-store chain saw its loss more than quadruple, a big miss. Shares fell sharply after-hours.