Categories: News

GameStop Confirms Another 100 Store Closures!

It’s hardly been a secret that for the last couple of years GameStop has been pretty much treading water in it hopes to remain viable (and alive) as a high-street retailer. With the store brand being predominantly known in America, earlier this year we already saw an announcement that around 350 store locations would be permanently closed.

Well, in a fresh report via CNN, it appears that the news isn’t getting any better. Following an announcement from the companies CFO Jim Bell, GameStop has confirmed that an additional 100 stores have now been marked for closure!

GameStop to Shut Even More Stores!

In making the decision, the company has said that the additional closures will “allow [GameStop] to more efficiently and profitably service our customers”. This doesn’t, however, come without a pretty hefty caveat. Namely, that they also confirmed that even more physical store closures are not only likely but are to expected throughout 2021.

There are no two ways about it, these moves have all the hallmarks of a company on the verge of collapse!

Why Are They Struggling?

With many people transitioning their game purchases to digital or online retailers, it isn’t just GameStop, but pretty all high-street retailers have been struggling to survive this market transition over the last 10 years. GameStop does, however, have a number of other and arguably bigger problems largely revolving around its exceptionally poor image.

With the company having a pretty well-established reputation for dealing horrifically with its staff, their PR took a huge hit during the COVID-19 pandemic when senior management was found to be, very deliberately, attempting to bypass local laws regarding lockdown.

I predicted last year that GameStop wouldn’t survive 2020 and, at the time of writing, it looks like I may be proven to be wrong in that regard. With this increasingly negative news surrounding the company, however, it does continue to feel like it’s only a matter of time and that store closures are only an act that seemingly delays the inevitable.

What do you think? – Let us know in the comments!

Mike Sanders

Disqus Comments Loading...

Recent Posts

ASUS ROG Delta S Gaming Headset Review

Picking a good quality headset is pretty easy these days, in the £50-100 area, it…

5 hours ago

CES 2021: MSI Unveils its ‘Tech For the Future’

In closing their CES 2021 Showcase Event, MSI has unveiled an innovative lineup of gaming,…

7 hours ago

CES 2021: MSI Launches its PRO MP271 Series Professional Monitors

MSI has today announced the launch of the PRO MP271 Series professional monitors. Featuring an…

7 hours ago

VESA Confirms DisplayPort 2.0 is Delayed Until Late 2021

Officially speaking, DisplayPort 2.0 was supposed to have already made its debut by now. As…

7 hours ago

Star Wars Battlefront II is Free Now on the Epic Games Store

While opinions on the Epic Games Store do vary depending on whether you believe the…

7 hours ago

Capcom Announces Resident Evil Showcase!

All going well, Capcom is expected to release the new and latest Resident Evil game…

7 hours ago