GameStop Will Close Over 300 Stores This Year

Photo: Jim Watson (Getty)
Photo: Jim Watson (Getty)

Last year, GameStop closed 320 stores across America as part of an effort “to de-densify [their] store base”. This year, the company will close at least that many, and potentially more.

Advertisement

As Gamasutra report, the closures were announced during an earnings call held last week, when executive vice president and chief financial officer Jim Bell said “[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.”

Advertisement

The company’s frantic desire to remain trading at the moment would suggest otherwise, as would the fact GameStop will be making a lot less money than usual for the next few months (at least) while everyone is stuck at home.

For reference, there are currently around 5500 GameStop stores in the United States, down from over 5800 before last year’s closures.

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.

Share This Story

Get our newsletter

DISCUSSION

This entire sentence is pretty unnecessary in the article:

The company’s frantic desire to remain trading at the moment would suggest otherwise, as would the fact GameStop will be making a lot less money than usual for the next few months (at least) while everyone is stuck at home.

First, a business wanting to stay open during the pandemic is questionable on an ethical level, but pretty much any corporation will want to remain open and continue to make sales as opposed to shutting their doors. Calling it a “frantic desire” is pretty sensationalist.

Second, do you have some source that indicates that the pandemic-related shutdowns are the reason for the planned closures? Because the latter part of your sentence strongly implies that the closings will happen because there will be no sales revenue (“... the fact GameStop will be making a lot less money than usual for the next few months...”), which is a direct contradiction to the reasoning provided by GameStop corporate in the preceding paragraph (“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”). If you’re just voicing an opinion, then by all means, say so; but your article states it more as a point of fact, so if you have direct data to support it, linking to it would be helpful.

Finally, GameStop closing roughly 7% of their stores in the country isn’t exactly a meltdown. I know laughing at GameStop is one of the cool things to do here, but lazy “journalism” is unneeded regardless of the topic.

Thanks for coming to my TED talk.