The world’s largest video game retailer, GameStop, has an impressive number of stores worldwide: more than 5,700 as of September 2019. Although such a huge number of outlets could make sense in the previous decade, it has now become a burden for the gaming retail giant as consumers buy more and more games on the net.
That’s why, among many other reasons, GameStop is starting to close some of its many retail stores. The retailer will close about 200 of its stores around the world. And that’s not all: the company plans to close a “much larger” number of stores in the next one to two years.
Closing outlets is the latest cost-saving measure from the new GameStop management team: the company had already had two waves of layoffs before that. Under the leadership of the new team, GameStop launched an initiative known as “GameStop Reboot,” which aims to breathe new life into the retail network.
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