During its part in the recent Goldman Sachs Technology and Internet Conference, video game retailer GameStop revealed that it plans to close 250 retail stores in 2013. CFO Rob Lloyd said that the company would close unprofitable and marginally profitable stores and shift customers to retail stores that are "nearby" those locations. Of the 250 closures, around 200 of those stores are in the United States.
"We've been successful at that for two years and we will continue to do that program in 2013," said Lloyd, referring to closing stores and consolidating customers at other locations.
While the closures are bad news for employees, GameStop also said that it plans to open 60 to 70 new stores in 2013.