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 to Close 200 Stores
November 15, 2012
From Chain Store Age
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.
GameStop Launches New Holiday Store Concept
October 29, 2012
From Chain Store Age
GameStop announced Friday it has unveiled a new store concept called GameStop Kids and will open 80 holiday stores in U.S. malls. GameStop Kids stores will feature an assortment of the most popular video games and accessories, toy brands and collectibles, showcased in temporary mall spaces. The first GameStop Kids location opened Friday at the Grapevine Mills Mall in Grapevine, Texas, with all other locations opening in the coming days and weeks, according to the company.
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