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Following these reports, GameStop announced it would close over 150 stores in 2017 and expand its non-gaming business. [72] On the same day, however, GameStop said it planned to open 65 new Technology Brand stores and 35 Collectibles stores due to a 44% and 28% increase in sales, respectively. [ 73 ]
GameStop announced plans on September 10, 2019, to close between 180 and 200 underperforming stores by the end of the fiscal year. [123] GameStop has been affected by a shift in consumer purchasing habits of games, as makers have made it easier to purchase titles online for download, often through consoles, requiring no physical disc.
An EB Games store (later GameStop) at Hillcrest Mall in February 2015 An EB Games store (later GameStop) in Edmonton, Alberta in February 2017. EB began its international expansion with the opening of three stores in Toronto, Ontario, Canada in 1993. The Canadian division was the largest of the international divisions with over 300 stores as of ...
By Suzanne McGee and Priyanka G. (Reuters) - Shares of GameStop tumbled on Monday after CEO Ryan Cohen told investors that the videogame retailer plans to operate a smaller network of stores, but ...
The company largely relies on brick-and-mortar stores and has been grappling with customers turning to e-commerce firms for buying video games and collectibles. It had disclosed its share sale ...
Customers enter a GameStop store on December 08, 2021 in San Rafael, California. Video game retailer GameStop will report third quarter earnings today after the closing bell.
ThinkGeek. ThinkGeek was an American retailer that catered to computer enthusiasts and "geek culture". Described as a " Sharper Image for sysadmins ", their merchandise has been likened to "toys for adults, novelties designed to appeal to both your inner child and your inner grad student." [1] These include clothing, electronic and scientific ...
GameStop’s cash grab came right before the company reported preliminary financial results this morning, where it disclosed that first-quarter sales were down almost 20% year over year and it has ...