GameStop: Shop Closures After A Weak Q4

General news News 03/27/2017

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GameStop, which is a known game store chain worldwide, has to close a few stores.

GameStop shared its latest financial earnings report , which made its stock plummet by thirteen percent in just a single day after the investors have found out that the holiday season sales weren’t as good as expected. Therefore, GameStop will close at least 150 (at most 225) stores throughout the world. (Going back to the stocks for a moment: GameStop’s stock value has dropped by thirty-one percent in a year)

Both software and hardware sales have dropped, but despite seeing how GameStop has two successful store brands (Spring Mobile and Simply Mac), they still paid the price for the expansion. They will likely focus on these shops this year.

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Angyal Anikó

Anikó, our news editor and communication manager, is more interested in the business side of the gaming industry. She worked at banks, and she has a vast knowledge of business life. Still, she likes puzzle and story-oriented games, like Sherlock Holmes: Crimes & Punishments, which is her favourite title. She also played The Sims 3, but after accidentally killing a whole sim family, swore not to play it again. (For our office address, email and phone number check out our IMPRESSUM)