Wal-Mart entry into used videogames trade threatens GameStop

Wal-Mart Stores Inc will allow U.S. shoppers to trade in used videogames for anything from groceries to gadgets, a move that could dent the profit of GameStop Corp, the largest dealer of used videogames. GameStop shares fell as much as 6 percent in morning trading, making it one of the top percentage losers on the New York Stock Exchange. Wal-Mart said on Tuesday its trade-in service will accept games for popular consoles lik...