EVGA

GameStop Downsizes, Over 300 Stores to Permanently Close

Author
rjohnson11
EVGA Forum Moderator
  • Total Posts : 102262
  • Reward points : 0
  • Joined: 2004/10/05 12:44:35
  • Location: Netherlands
  • Status: offline
  • Ribbons : 84
2020/03/27 07:18:13 (permalink)
https://comicbook.com/gaming/2020/03/27/gamestop-stores-closing-2020/
 
GameStop announced that it will permanently close down over 300 brick-and-mortar stores in an effort to "de-diversity" its business. The company closed down 331 stores last year, bringing the store strength down to 5,500 locations. Much of GameStop's focus markets are those parts of the U.S. with sub-optimal Internet bandwidth that blunts the advantage digital retailers like Steam have over it. Besides game hard-copies and coupons for cash, GameStop also retails game consoles and accessories. The earnings call that included this announcement also had a comment about a possible delay in the release of PlayStation 5 and Xbox Series X as supply-chains around the world are severely disrupted, not to mention people's disposable incomes.
 
This was not entirely unexpected and as better internet to rural regions continues to improve this will impact Gamestop revenues even more in my personal opinion. 
 

AMD Ryzen 9 7950X,  Corsair Mp700 Pro M.2, 64GB Corsair Dominator Titanium DDR5  X670E Steel Legend, MSI RTX 4090 Associate Code: H5U80QBH6BH0AXF. I am NOT an employee of EVGA

#1

3 Replies Related Threads

    Cool GTX
    EVGA Forum Moderator
    • Total Posts : 30978
    • Reward points : 0
    • Joined: 2010/12/12 14:22:25
    • Location: Folding for the Greater Good
    • Status: offline
    • Ribbons : 122
    Re: GameStop Downsizes, Over 300 Stores to Permanently Close 2020/03/27 07:39:41 (permalink)
    online retail was the beginning of their end

    Learn your way around the EVGA Forums, Rules & limits on new accounts Ultimate Self-Starter Thread For New Members

    I am a Volunteer Moderator - not an EVGA employee

    https://foldingathome.org -->become a citizen scientist and contribute your compute power to help fight global health threats

    RTX Project EVGA X99 FTWK Nibbler EVGA X99 Classified EVGA 3080Ti FTW3 Ultra


    #2
    aka_STEVE_b
    EGC Admin
    • Total Posts : 17692
    • Reward points : 0
    • Joined: 2006/02/26 06:45:46
    • Location: OH
    • Status: offline
    • Ribbons : 69
    Re: GameStop Downsizes, Over 300 Stores to Permanently Close 2020/03/27 08:28:34 (permalink)
    Not exactly trying to say I like gamestop all that much , .... but in the overall sense, I don't like to see any store that tries to focus on gamers being shut down.
         Gamers need to stick together   

    AMD RYZEN 9 5900X  12-core cpu~ ASUS ROG Crosshair VIII Dark Hero ~ EVGA RTX 3080 Ti FTW3~ G.SKILL Trident Z NEO 32GB DDR4-3600 ~ Phanteks Eclipse P400s red case ~ EVGA SuperNOVA 1000 G+ PSU ~ Intel 660p M.2 drive~ Crucial MX300 275 GB SSD ~WD 2TB SSD ~CORSAIR H115i RGB Pro XT 280mm cooler ~ CORSAIR Dark Core RGB Pro mouse ~ CORSAIR K68 Mech keyboard ~ HGST 4TB Hd.~ AOC AGON 32" monitor 1440p @ 144Hz ~ Win 10 x64
    #3
    chrisdglong
    CLASSIFIED ULTRA Member
    • Total Posts : 7220
    • Reward points : 0
    • Joined: 2008/11/08 15:21:25
    • Status: offline
    • Ribbons : 7
    Re: GameStop Downsizes, Over 300 Stores to Permanently Close 2020/03/27 09:56:45 (permalink)
    The only news that I ever want to hear about Gamestop, is that they have been completely cleared from existence. I feel the same way about Fry's. Hopefully, the upcoming recession takes out the trash.
    #4
    Jump to:
  • Back to Mobile