GameStop to Close Over 100 Stores
The video game retailer GameStop did not have a very successful 2016 holiday season. The first quarter of 2017 has not been particularly well for the company either. The software sales have been down by 19% and the hardware sales have been down by 29%.
GameStop claims this all just a part of their strategy. In 2017 while they will be closing their underperforming stores, they will also be opening 65 Technology Brand stores and 35 Collectibles stores.
I believe the decline sales in vastly due to the popularity of digital gaming. It is much more convenient to purchase your games on your console and download them right to the system.
I am looking forward to seeing how things play out with GameStop going forward.