GameStop is Closing Down! (For Real This Time)
3,124It has been a long road but it appears that gamestop is really closing down...for real this time. Lets talk about that!
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GameStop continues to up the number of stores it says it's going to close this year, with the latest plan being to close between 400 and 450 stores globally during the full fiscal year of 2020.
In today's Q2 earnings call with investors, CFO Jim Bell said that GameStop had closed a total of 388 stores worldwide so far this year, 206 of those closures occurring during Q2.
Currently, Bell said this puts GameStop at 5,122 stores total worldwide, 602 fewer stores compared to last year, and the company plans to continue closing stores into 2021 as well.