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Hundreds of GameStop locations to shut down in 2013

NEWS | ? Comments |

Author: Nicholas Greene  

According to a report released on February 5, GameStop will be closing between 500 and 600 of its 4,471 stores over the course of 2013, putting hundreds, perhaps thousands, of employees out of their jobs.

In hindsight, it was pretty clear that something like this has been a long time coming; ever since digital distribution platforms such as Steam caught on, brick-and-mortar stores have had a rather tough go of it. 

Hundreds of GameStop locations to shut down in 2013

GameStop CEO J. Paul Raines had this to say of the closing:

"New software declined at a rate slower than the market, driving another unprecedented 320 basis points of market share growth. The GameStop formula continues to show strong resilience in the face of challenging category headwinds, and the new categories of digital and mobile are creating new profit pools that we are exploiting aggressively." 

Well, okay then. 

Source: BusinessWeek

Via: Examiner

Posted on: 02/11/2013 | ? Comments
Tags: GameStop, store closures, video games retailer, Paul J Raines, Video Game News
Nicholas Greene

A gamer at heart, Nick started writing when he was a child. He holds a BA in English, works as a freelancer, and loves every minute of it. One day, he hopes to net himself a career in game design - but that's something for the future.

The views of GameDynamo's writers are not necessarily the views of the website as a whole. However, we support freedom of speech and enjoy diverse opinions about video games. Hopefully you do too!


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