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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.

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About Matthew Bennett

view all posts

Matt is one of the longest-serving members of the EGMNOW team. 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. Find him on Twitter @mattyjb89

GameStop to Close 250 Stores in 2013

By Matthew Bennett | 02/13/2013 07:05 AM PT

News

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.

0   POINTS
0   POINTS



About Matthew Bennett

view all posts

Matt is one of the longest-serving members of the EGMNOW team. 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. Find him on Twitter @mattyjb89