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GameStop shut down both PC Downloads and Spawn Labs in 2014. [40] In 2012, GameStop acquired BuyMyTronics, a Denver-based online market place for consumer electronics. [41] In October 2012, GameStop acquired a 49.9% ownership interest in Simply Mac, a Salt Lake City–based Apple authorized reseller and repairer founded in 2006. GameStop ...
GameStop Corp. (NYSE: GME) announced on Saturday that it's temporarily shutting down all its physical stores in the United States starting Sunday.What Happened The video game retailer will only ...
Major retailers are shutting down stores nationwide next year as the companies try to adjust their business operations and slash costs amid changes in the industry.
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.
Bose shut down all of its 119 retail stores in 2020 in order to follow a "dramatic shift" to online shopping only. [79] Carter's announced the closure of at least 200 stores in an earnings call in October 2020; the children's apparel chain planned to close about 80% of its locations by 2022. [80]
GameStop’s (GME) share price continues to slide lower, down 23% in the last month. The company’s earnings are as bad as ever with no signs that a turnaround plan is working. A proposed stock ...
In August 2024, GameStop discontinued Game Informer after 33 years of publication and 368 issues. [ 7 ] [ 1 ] [ 8 ] The associated website was also shut down with its digital archive removed. [ 9 ] [ 10 ]
GameStop’s cash grab came right before the company reported preliminary financial results this morning, where it disclosed that first-quarter sales were down almost 20% year over year and it has ...