GameStop to close up to 200 stores by year’s end


GameStop to close up to 200 stores by year’s end
Key Points GameStop said in an earnings call Tuesday that it will expand profitability by reducing its store footprint in some markets. The company currently operates more than 5,700 stores across 14 countries. It plans to close between 180 and 200 underperforming stores by the end of its fiscal year. GameStop is planning to close between 180 and 200 underperforming stores by the end of its fiscal year. The announcement Tuesday came after the company posted dismal fiscal second quarter earnings after the bell that missed analysts’ expectations and slashed its same-store sales forecast for the year... ...more
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Key Points

GameStop said in an earnings call Tuesday that it will expand profitability by reducing its store footprint in some markets.
The company currently operates more than 5,700 stores across 14 countries.
It plans to close between 180 and 200 underperforming stores by the end of its fiscal year.

GameStop is planning to close between 180 and 200 underperforming stores by the end of its fiscal year.

The announcement Tuesday came after the company posted dismal fiscal second quarter earnings after the bell that missed analysts’ expectations and slashed its same-store sales forecast for the year...