Gamestop Announces Closings Of 200 Stores By End Of 2019

GameStop just announced the closure of 180 to 200 of its “under-performing” stores globally. The outlets will be shuttered between now and the end of the fiscal year. GameStop’s CFO, James Bell, claimed that 95 percent of the company’s 5,700 stores were profitable, but said that “we have a clear opportunity to improve our overall profitability by de-densifying our chain.” He added that more outlets would be closed down following this year’s closings.