GameStop Will Close 200 More Stores
GameStop is slated to close between 180 to 200 stores. This news came after the companies 2nd quarter earnings report.
GameStop retail stores have been struggling to say the less. The current price for a share of GameStop stock is under $5.
“This is a compelling new strategic vision for the company, and we’ve already started to execute against all four pillars. We also remain committed to returning capital to shareholders and balancing that opportunity against the need to maintain a strong balance sheet to properly run our business and invest in responsible growth,” – George Sherman, GameStop’s CEO
GameStop needs to realize that people are buying digital games more and more in recent years. Xbox has released a version of the Xbox One that is digital-only and has no disc.