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Following these reports, GameStop announced it would close over 150 stores in 2017 and expand its non-gaming business. [102] On the same day, however, GameStop said it planned to open 65 new Technology Brand stores and 35 Collectibles stores due to a 44% and 28% increase in sales, respectively. [103]
GameStop announced plans on September 10, 2019, to close between 180 and 200 underperforming stores by the end of the fiscal year. [137] GameStop has been affected by a shift in consumer purchasing habits of games, as makers have made it easier to purchase titles online for download, often through consoles, requiring no physical disc. [138]
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.
GameStop is turning some of its stores into retro locations, selling older consoles and games from franchises like Pokémon, Mario and Grand Theft Auto.
(See GameStop stock charts on TipRanks) Providing an updated hypothesis on the matter is Michael Pachter of Wedbush Securities, who w GameStop Close to Profitability, Far from Fundamentals Skip to ...
GameStop (GME) shares went through a massive short squeeze, spiking more than 130% on Monday and prompting trading halts before dipping briefly into negative territory. Shares of the video game ...
An EB Games store (later GameStop) at Hillcrest Mall in February 2015 An EB Games store (later GameStop) in Edmonton, Alberta in February 2017. EB began its international expansion with the opening of three stores in Toronto, Ontario, Canada in 1993. The Canadian division was the largest of the international divisions with over 300 stores as of ...
GameStop is looking to the past as it plans its future. The beleaguered retailer, which remains a meme stock favorite, announced plans Wednesday to launch a series of “retro” stores, ...