GameStop Is Closing Another 100 Stores

Illustration for article titled GameStop Is Closing Another 100 Stores
Image: GameStop

Back in March, struggling retailer GameStop announced that it would be closing at least 320 stores over the course of the year. That number has now jumped to “between 400 and 450 stores”.

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As CNN report, the company made the announcement last week, with CFO Jim Bell saying the closures would “allow us to more efficiently and profitably service our customers”, before adding that in addition to the 400-450 closures this year, there are already even more closures planned for 2021 as well.

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GameStop had been struggling for years already, and that was before a global pandemic hit and kept millions of people out of their stores. Throw in an increasingly digital landscape for software sales, and the fact both Microsoft and Sony have digital-only consoles launching this year—depriving GameStop of both initial sales but more importantly trade-ins and preowned sales as well—and the future certainly doesn’t look healthy.

The company has just over 5100 stores remaining worldwide.

Luke Plunkett is a Senior Editor based in Canberra, Australia. He has written a book on cosplay, designed a game about airplanes, and also runs cosplay.kotaku.com.

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DISCUSSION

ueberall
IstillmissmyXJ

This next generation of consoles has to be their last, right?

And 5100 stores was probably already way too many.  I live in a relatively low population density area and can think of 4 within a 30minute drive.  Used to be more, but one already shut down in early 2020 or late 2019 I think.