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

Posted on April 25, 2014 AT 11:55am

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.

Source: GamesIndustry International

Chris Holzworth, News Editor
Chris Holzworth has wanted to write about games all his life. He first cut his teeth writing for enthusiast sites such as RPGFan, and after writing for just about every other enthusiast website he could came across, wound up as EGM's east coast news correspondent (read: editorial intern) before relocating to LA to serve as news editor. You can follow his rants about storytelling on Twitter @manadrive.[Meet the rest of the crew]

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