GameStop Set to Close 150 Locations This Year

The game store giant is preparing to shut down 150 "stops" around the world. Here's the skinny.

A new financial report of GameStop’s holiday sales figures just released this past Thursday, and the underwhelming revenue generated during that time has moved the retail chain to close down about 150 of its stores across the globe.

The news of these closures isn’t far removed from the recent public address the company gave about the questionable working conditions that their “Circle of Life” program fostered after initial news of its existence was broken by Kotaku. GameStop currently has more than 7,500 locations around the world, so in contrast, 150 of them being shut down may not be a large impact to the brand.

Still, the recent standing of GameStop’s stock prices are currently speaking volumes as they’ve currently reporting a 13% loss in share value, following a steady decline of 30% since some time last year.

GameStop is currently deploying a new sales promotion called a Pro Gaming Pass for customers enrolled in their membership program, and the offer is aimed at offering additional discounts towards the purchase of new games as incentive for certain titles being purchased by them. Only time will tell if this tactic causes any significant change in the company’s current profit margins for 2017.

Featured Contributor

STATS: Video gaming, music singing, art loving etch-a-sketch cyborg hybrid. Co-Owner/Podcast Producer/EIC @PressPauseRadio, Featured Contributor @GameSkinny When I was a kid, I once packed my clothes into my He-Man Lunchbox, and told my parents "I think I'm going to move into Toys"R"Us and live with the video games." Looking back at that now from an adult standpoint, I'd say not a whole lot has changed. I'm George, most call me GeorgieBoysAXE or whatever suits them at that given situation of addressing me by name. I collect and play video games to a degree most would consider eccentric but fuck 'em because I am what I am....more »

Platforms Social Tags gamestopsales
Source polygon.com
Published Mar. 25th 2017

New Cache - article_comments_article_50282
Related
Popular in the Community