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GameStop to Close 200 Stores

November 15, 2012
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GameStop plans to close 200 stores by next year, Bloomberg reported. The closings were announced on a conference call, shortly after the chain reported better-than expected third-quarter results, excluding an impairment charge. For the third quarter ended Oct. 27, GameStop posted a net loss of $624.3 million after impairment and goodwill costs of $678.8 million, mostly tied to international operations. That's compared with net income of $53.9 million a year earlier.


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GameStop plans to close 200 stores by next year, Bloomberg reported. The closings were announced on a conference call, shortly after the chain reported better-than expected third-quarter results, excluding an impairment charge. For the third quarter ended Oct. 27, GameStop posted a net loss of $624.3 million after impairment and goodwill costs of $678.8 million, mostly tied to international operations. That's compared with net income of $53.9 million a year earlier.


 
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