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GameStop announced plans on September 10, 2019, to close between 180 and 200 underperforming stores by the end of the fiscal year. [139] 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.
Over 400 Gamestop stores were closed in 2025, due to decline in sales, on pace to close twice as many as they did in 2024. Consumer shift to the online marketplace has led to a decline in revenue. This 400 number represents the largest amount of stores that Gamestop has closed in a single month. [6]
On March 22, Gamestop closed its stores after outcry from employees. [22] Bare shelves due to panic buying at the Giant supermarket in Franklin Farm, Virginia in March 2020 In March, Hobby Lobby left stores open even as many nonessential retailers shut down. The founder reportedly told his employees he had received a message from God that ...
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GameStop's first quarter came in worse than Wall Street had hoped, with revenue of $1.24 billion coming in short of analysts expectations for $1.34 billion. Shares of GameStop fell nearly 20% at ...
The two companies both shared store closure announcements this week, with JCPenney expected to close a "handful" by mid-2025 and Joann to shutter roughly 500 locations. The retailers join other ...
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 ...
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.