Open Enrollment | Subscribe to Dealerscope HERE
Follow us on

GameStop Plans to Close 200 Money-Losing Outlets

November 16, 2012

GameStop Corp., the world's largest video-game retailer, plans to close 200 stores by next year, saying about 3 percent of its outlets worldwide lose money.
The closings, announced on a conference call, follow the Grapevine, Texas-based company's report today of better-than- expected third-quarter results, excluding an impairment charge. The company also forecast fourth-quarter profit that was in line with analysts' estimates.

GameStop is showing "strong resilience in the face of challenging category headwinds, and the new categories of digital and mobile are creating new profit pools that we are exploiting aggressively,"



Companies Mentioned:

More Suggested Content:

The first Wii U ad
Wii U Kiosks Set For Retailers
November 5, 2012 From News
Nintendo, ahead of the release of the Wii U console, is planning to install 5,000 interactive kiosks at retail stores nationwide, including Best Buy, Target, Walmart and GameStop locations.
GameStop Posts Huge Quarter
GameStop Profit Down
March 22, 2012 From News
GameStop reported a fourth quarter profit of $174.7 million, down from $237.8 million the same time the year before.


Click here to leave a comment...
Comment *
Most Recent Comments: