CNBC News Corrections

SELINSGROVE, PENNSYLVANIA, UNITED STATES - 2021/01/27: A woman walks past the GameStop store inside the Susquehanna Valley Mall. An online group sent share prices of GameStop (GME) and AMC Entertainment Holdings Inc. (AMC) soaring in an attempt to squeeze short sellers.
GameStop sales rise 25% as retailer chases e-commerce growth, says it may sell 5 million shares

GameStop named former Amazon executive Matt Furlong as its new CEO. An earlier version of this story misstated his first name.