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Following these reports, GameStop announced it would close over 150 stores in 2017 and expand its non-gaming business. [72] 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. [ 73 ]
Bebe announced plans to close all stores and focus solely on online sales. At its peak, Bebe operated a total of 312 stores, but by March 2017, this was down to 172. [36] Bed Bath & Beyond announced in April 2019 that it would close 40 stores and also open 15 new stores that year. The company continued to struggle through the retail apocalypse ...
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 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.
The video game retail company is turning some of its stores into "GameStop Retro" locations, selling older consoles and games for old school players. In the X announcement Tuesday, the company ...
Customers enter a GameStop store on December 08, 2021 in San Rafael, California. Video game retailer GameStop will report third quarter earnings today after the closing bell.
This offer was a 34.2% premium on the $41.12 per share closing price of EB Games stock. GameStop decided to close EB Games's newly constructed distribution center in Sadsbury, PA, their call center in Las Vegas, NV, and their International Headquarters in West Chester, PA, eliminating more than 800 jobs. Only 65 former EB Games employees were ...
The retro stores, based on addresses, appear to be retrofitted existing GameStops—or perhaps just a segment of those locations. GameStop did not provide additional information beyond an X post ...