GameStop Closing 200 Stores—and More Shutdowns Are On The Way
GameStop, once the most dominant retailer in the video game space, plans to shut down 200 stores by the end of the year. And hundreds, if not thousands, more could be closing in the months to come.
The struggling retailer, in its earnings call Tuesday, said it was on track to close between 180 and 200 stores by the end of its fiscal year. But it advised investors that it expects to shutter more locations by mid-2022.
“While these closures were more opportunistic, we are applying a ...