GME had about the same sales as last Christmas (-20 mil), but their inventory came down 260 mil more. Isn’t that a red flag?

Sales almost the same as last Christmas. 2.226 bil vs 2.452

Inventory down 474 million vs 215 million last Christmas.

They usually keep it at around a billion and it's at 657 million now.

If they had replenished to their normal levels or as much as last Christmas wouldn't they have lost quite a bit this quarter?

It would have been nearly the same as their 190 mil loss last Christmas if the inventory levels had been the same.

So what am I missing?

TIA for answers.