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 Exclusive Crash Team Racing Dashboard Bobble

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.

Xbox One S All-Digital Edition

 

 

 

Advertisements

Categories: Money, Technology

Tagged as: , , ,

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.

%d bloggers like this: