GameStop, Which is Doing Fine, is Closing 300+ Stores This Year

GameStop, Which is Doing Fine, is Closing 300+ Stores This Year

But they're doing fine. Trust them.

pocru by pocru on Mar 31, 2020 @ 02:22 AM (Staff Bios)
Comment(s)
GameStop is having a bit of a rough time of it. They were always struggling to stay open and, well, relevant in recent years, what with the rise of digital game sales. All of their problems were made worse by the COVID-19 pandemic, which not only revealed the horrible mismanagement of the company but also eventually forced them to close their doors and operate with a much more limited scope. This debacle almost certainly isn’t helping their bottom line.

Many people have anticipated the death of GameStop, but there’s never been a better reason to suspect they might not be long for this world than now.

Especially since they’re going to be closing over 300 stores soon.

“[We] anticipate store closures to be equal to or more than 320 net closures we saw in fiscal 2019 on a global basis. Importantly, we want to emphasize that these store closures are a very specific and proactive part of our de-densification plan and they are not related to recent business trends.”


Last year, they also closed around 300 stores,, and they even gave the same excuse for the closures: namely, that they wanted to avoid inter-store competition by reducing the ‘density’ of GameStop’s in certain areas. There might be a little business sense to doing something like that, but more realistically, this is just an excuse to save face and try to avoid investor panic.

But they’d have to be blind or stupid to not see the writing on the wall here.

Comments

Comment on this Article in our Forum

More GamerzUnite News

Are We Being Controlled in a PC Game by Aliens?

Are We Being Controlled in a PC Game by Aliens?

New UFO Film proposes we might!

February 19 @ 02:23 PM
Explore an Eerie Archipelago in Dredge

Explore an Eerie Archipelago in Dredge

A fishing adventure gone bad...

February 11 @ 03:07 PM
Automation Goes Too Far in The Last Worker

Automation Goes Too Far in The Last Worker

A bleak future for anyone looking for a job...

September 2 @ 01:11 AM
Alien Infestation takes over in From Space

Alien Infestation takes over in From Space

Liberate the Earth in this fun new action-shooter...

August 27 @ 09:50 PM
August 27 @ 09:14 PM
Join GamerzUnite and Unite with other Gamerz.
A Piece of Our Mind

Every Single Detail We Found in the Starfield Gameplay Reveal

Video Games Shouldn't Need Wiki Pages

PopSlinger Review: It Goes Down Rough, Really Rough

Halo: Infinite Highlights Everything Wrong with Gaming Today

Echo Generation Review: Not Exactly a Blockbuster