• Gamestop Closing 400-450 Stores This Year as It Gears up for Next Gen

    12 days ago - By PlayStation LifeStyle

    GameStop has revealed that it will close down about 100 more stores globally than it had originally planned, bringing the total of expected closures to 400-450 in 2020 alone. The retailer also told investors to expect more closures next year.
    This development comes amid the news that GameStop's net sales were down by 26.7 percent compared to the second quarter of FY2019, partly due to the pandemic. Although online sales increased by 800 percent, the revenue generated during Q2 2020 was below expectations.
    “We believe the actions we are taking to optimize the core operations of our business...
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