GameStop to Close 250 Stores in 2013

February 13, 2013 -

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.

Source: Polygon

 


Comments

Re: GameStop to Close 250 Stores in 2013

Within 4 square blocks in my neighborhood, there are 3 Gamestops. One inside a Mall, one across the street from said mall, and 1 in a shopping complex next to a target next to said mall. me and my friends are gambling to see which one of these is will close, because this is starbucks redundant.

Re: GameStop to Close 250 Stores in 2013

I remember seeing two Gamestops in a mall in Orlando, FL. around three to four years ago. Not even really that far apart, one was kinda towards the center near a food court while the other was off down a branch near a Sears/J.C. Penny/Macy's or something. Funny part was actually being able to see a difference in the quality of the two stores. Strangely one appeared to have more new games and hardware, the other had more used/refurbished stuff.

Re: GameStop to Close 250 Stores in 2013

There are four Gamestops within a 15 minute drive for me.  I think I can see why they might have to close a few.

Re: GameStop to Close 250 Stores in 2013

I still remember when one of the malls near me had a Gamestop and an EB games in the same building after the merger. Luckily they got some sense and closed one.

But yeah, a good idea to close a few to avoid the Starbucks effect.

Re: GameStop to Close 250 Stores in 2013

We still have this in my local Mall, Eb on ones side of the mall, Gamestop on the other.. And it's not like the mall is small either, it might take maybe 2 minutes to walk from one to the other. On top of that, both stores are tiny and crowded, you'd think with all the turnover someone would have said, hey lets close both and re-open in a modestly sized one.

 
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