Gamestop has been pretty vocal in regards to the decline of the used and pre-owned gaming market. With more and more games going digital, times have been hard for the company. GameStop used to receive a large portion of revenue from used and pre-owned gaming market. But now, they simply aren’t the only game in town anymore, with Bestbuy and several other stores now buying/selling used and pre-owned games. The company has been getting hit hard where it counts. In an effort to offset this, GameStop is reportedly going to be closing at least 150 stores.
Fortune.com, who broke the story, is claiming that at GameStop is looking to close 2-3% of their stores. No word if these stores will be specific to North America, overseas or both.
Not all of this is gloom and doom, however. Fortune also mentioned that GameStop is looking to open up at least 65 new Technology Brand stores and 35 Collectible Stores. GameStop did acquire the popular technology and geek franchise, ThinkGeek, back in 2015 for $140 million dollars. This would mean that instead of filling their stores to the brim with games and other geek related items, they’ll have dedicated stores for that very thing.
We’ve reached to GameStop for more clarification and will update this story once/if we get a response.
Source: Fortune
