PC Gamer

GameStop to close up to 200 stores

 

During a Q2 earnings call, GameStop CFO James Bell announced that "We are on track to close between 180 and 200 underperforming stores globally by the end of this fiscal year. " The videogame retailer is in the middle of implementing what's being called a "reboot" and has so far involved shutting down ThinkGeek's online store, and laying off 170 employees, as well as several staff members of Game Informer, GameStop's in-house magazine. Bell also mentioned during the earnings call that the majority of of GameStop stores worldwide are profitable, but said "we have a clear opportunity to improve our overall profitability by de-densifying our chain. " And this year's closures won't be the last of them. He went on to say, "we are applying a more definitive, analytic approach, including profit levels and sales transferability, that we expect will yield a much larger tranche of closures over the coming 12 to 24 months.

"This year GameStop posted a loss of $415. 3 million. Thanks, GamesIndustry. biz.

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