THE RETAIL BULLETIN - The home of retail news
Click here
Home Page
News Categories
Commentary
Department Stores
Electricals and Tech
Entertainment
Fashion
Food and Drink
General Merchandise
Grocery
Health and Beauty
Home and DIY
Interviews
People Matter
Retail Business Strategy
Property
Retail Solutions
Electricals & Technology
Sports and Leisure
Christmas Ads
Shopping Centres, High Streets & Retail Parks
Retail Events
People in Retail Awards 2024
Retail HR Central 2024
The Future of The High Street 2024
Retail HR Summit
THE Retail Conference
Upcoming Retail Events
Past Retail Events
Retail Insights
Retail Solutions
Advertise
About
Contact
Subscribe for free
Terms and Policies
Privacy Policy
GameStop to close 250 stores in 2013

US video games retailer GameStop is planning to close 250 stores in 2013 but will also open 60 to 70 outlets in new locations. Speaking at… View Article

GENERAL MERCHANDISE NEWS

GameStop to close 250 stores in 2013

US video games retailer GameStop is planning to close 250 stores in 2013 but will also open 60 to 70 outlets in new locations.

Speaking at the Goldman Sachs Technology and Internet Conference, GameStop CFO Rob Lloyd said that 200 of the store closures will be in the US with the remainder in other countries. GameStop expects to reduce its store portfolio by 2% in 2013.

Lloyd added that the stores earmarked for closure had been unprofitable for some time and that the company was following its strategy of shutting down unprofitable outlets and moving customers to nearby stores.

GameStop is also understood to be looking to purchase 40 former GAME stores in France.

 

Subscribe For Retail News