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GameStop to Close 250 Stores in 2013

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Posted on February 13, 2013 AT 04:05am

GameStop CFO Rob Lloyd has announced that the company will close 250 stores throughout this year.

Speaking at the Goldman Sachs Technology and Internet Conference in California, he said that the 250 stores will close throughout this year, however, at additional 60-70 new stores will open up across the U.S.

On top of this GameStop has purchased 40 closed GAME stores in France. This isn’t majorly bad news for the retailer, occasionally you just have to make tough decisions and cut the stores that aren’t making enough money–that’s all that’s happening here.

Matthew Bennett, Associate Editor
Matthew Bennett finally got his big break with EGM three years ago, following years of volunteer work for various sites. An ability to go many hours without sleep and a quick wit make him ideal for his role as associate editor at EGMNOW.com. He often thinks back to the days when the very idea of this career seemed like nothing but an impossible dream. Follow him on Twitter @mattyjb89. Meet the rest of the crew.

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