GameStop Going Out Of Business By The End of 2019.
After that horrific financial report, there’s just no way that GameStop can stay in business anymore.
Is GameStop going out of business?
The video game store chain GameStop has announced that it will shut between 180 and 200 of its stores worldwide. The news comes after the company suffered from a 14.3% decrease in global sales during its second quarter. The video games industry is set to go through massive upheaval in the coming years.
Is GameStop going out of business in 2020?
Update (3/21/2020 8:45pm ET): Gamestop has announced that it will be closing all its stores to regular walk-in customers starting Sunday, March 22. Customers will still be able to use a curbside pickup option at certain stores to receive purchases, or use standard shipping options from the GameStop web site.
Why is GameStop closing down?
GameStop is closing its California retail stores until “further notice,” according to Kotaku, only a day after the video game retailer instructed all of its US employees to disregard coronavirus-related lockdowns. On Thursday, GameStop defended its decision to stay open, claiming its business is “essential retail.”
Which Gamestops are closing?
Video game retailer GameStop closing 180 to 200 stores globally
- More store closings coming:An estimated 12,000 shops could close by the end of 2019.
- Fred’s store closings:All locations to shutter in Chapter 11 bankruptcy liquidation.
- Kmart, Sears store closings:Nearly 100 stores will be shuttered by the end 2019.
How long before GameStop goes out of business?
Between 180 and 200 underperforming GameStop stores are set to shutter before the end of the fiscal year. On an earnings call last week, the company hinted at “a much larger tranche of closures over the coming 12 to 24 months.”
Is GameStop dying?
The world’s biggest video game retailer, GameStop, is in serious trouble. In the past 12 months, the company’s stock value has dropped by two-thirds — from about $15 in January 2019 to under $5 by January 2020 — and it reshuffled its C-suite.
What businesses are closing?
Here’s a list of all the stores closing this year:
- Payless ShoeSource: 2,500 stores. <
- Gymboree: 805 stores. <
- Dress Barn: 650 stores. <
- Charlotte Russe: 520 stores. <
- Fred’s: 520 stores. <
- Family Dollar: 390 stores. <
- Shopko: 371 stores. <
- Charming Charlie: 261 stores. <
Can I trade games at GameStop?
Up to $350 Credit when trading select Android phones.
Base value considered “Working” condition. By trading your device, you release GameStop, Inc. from any claim relating to the product (including, but not limited to, loss of the device or its contents, any music, pictures, or other data stored on it.)