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GameStop will shut down 120 to 130 of its locations worldwide and begin expanding more into mobile and Apple devices over the course of its current fiscal year, CEO Paul Raines revealed.

Speaking at the company’s GameStop 2014 Investor Day earlier this week (as reported by GamesIndustry International), Raines described GameStop’s new direction as “GameStop 3.0.” This growth see the company open between 200 and 250 AT&T-authorized Spring Mobile stores and 20 to 25 more of their Apple product peddling Simply Mac stores.

Raines likened GameStop’s growth to companies like Williams Sonoma, which expanded from kitchen equipment to upscale furniture and home furnishings by acquiring Pottery Barn and West Elm.

Discussing this with my colleague, coworker, and heterosexual life-mate Josh, we realized that this is probably the smartest decision GameStop can make as digital sales increase year after year and, come perhaps a decade from now—if not less—demand for a physical retail product is not nearly as ubiquitous or persistent as today.

GameStop to shut down 120-plus locations, expand into mobile and Apple devices

By | 04/25/2014 01:55 PM PT

News

GameStop will shut down 120 to 130 of its locations worldwide and begin expanding more into mobile and Apple devices over the course of its current fiscal year, CEO Paul Raines revealed.

Speaking at the company’s GameStop 2014 Investor Day earlier this week (as reported by GamesIndustry International), Raines described GameStop’s new direction as “GameStop 3.0.” This growth see the company open between 200 and 250 AT&T-authorized Spring Mobile stores and 20 to 25 more of their Apple product peddling Simply Mac stores.

Raines likened GameStop’s growth to companies like Williams Sonoma, which expanded from kitchen equipment to upscale furniture and home furnishings by acquiring Pottery Barn and West Elm.

Discussing this with my colleague, coworker, and heterosexual life-mate Josh, we realized that this is probably the smartest decision GameStop can make as digital sales increase year after year and, come perhaps a decade from now—if not less—demand for a physical retail product is not nearly as ubiquitous or persistent as today.

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