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In November 2024, GameStop decided to cease operations in Germany, closing its remaining 69 stores by January 2025, as well as its warehouse and headquarters in Tannheim. [178] [179] [180] Also in November 2024, GameStop sold GameStop Italy to Cidiverte, a small Italian competitor which operates ten stores under the Gamelife brand.
U.S. retailers have announced more than 7,100 store closures through the end of November 2024, a 69% jump from the same time last year, according to recent data from research firm CoreSight.
On February 27, 2024, Macy's announced that it would be shuttering 150 locations by 2026, roughly 30% of its total store amount, to focus on small-format stores and an expansion of both Bloomingdale's and Bluemercury. 50 locations were initially set to close in 2024 alone, and the iconic flagship location in San Francisco's Union Square was ...
Sears will have a wave of closures in 2025 with only a few remaining stores that are mainly open in high-cost areas. Gamestop. GameStop’s struggles continue despite efforts to pivot its business ...
GameStop raised $933 million by selling shares to cash in on a meme stock rally last month, when the stock doubled in value, and raised an additional $2.14 billion earlier this month.
A GameStop store in 2014. GameStop, an American chain of brick-and-mortar video game stores, had struggled in the years leading up to the short squeeze due to competition from digital distribution services, as well as the economic effects of the COVID-19 pandemic, which reduced the number of people who shopped in-person.
Around 9,700 stores closed in 2020, according to Coresight. Retailers that made it through got a boost in 2021 and 2022 from extra federal stimulus payments and revenge spending among consumers ...
Research published by global retail analyst IHL Group in 2019 suggests that the so-called retail apocalypse narrative was an exaggeration, with "more chains that are expanding their number of stores than closing stores.” [7] That year, retailers in the United States announced 9,302 store closings, a 59% jump from 2018, and the highest number ...