Quoted By:
>GameStop has announced that it will be closing even more brick-and-mortar locations in the coming year, after a disappointing earnings report. The company said it is struggling to sell hardware in its stores around the world as more and more games are downloaded digitally if not simply ordered online.
>The next round of closures is set to be even more drastic than the shrinkage the company experienced this past year. That round of closures left only 4,000 total stores – a number that is set to dwindle even more. The company has not said how many locations it plans to shutter, but the number is expected to be significant.
They closed a fucking assload of their least profitable stores and still failed to turn a profit. Revenue decreased by 30% by getting rid of their worst stores and it still wasn't enough. And now they are announcing they are closing more than before.
