GameStop (GME) - Get GameStop Corp. Class A Report, on Monday morning, announced that it has formed a new committee--a Strategic Planning and Capital Allocation Committee--which will include Chewy co-founder Ryan Cohen.
The committee is looking to hire "...two executives to lead the Company’s customer care and e-commerce fulfillment functions, respectively."
Breaking down this news, it means that Cohen will be leading the shift to e-commerce, which plays right into one of the bullish thesis that investors on r/WallStreetBets have: Cohen can turn around GameStop and help lead it to success by shifting the company to focus on e-commerce.
Jeff Marks, senior portfolio analyst with Jim Cramer's Action Alerts PLUS, weighs in on GameStop.
Recap TheStreet Live: Everything Jim Cramer Is Watching in the Markets Monday