GameStop Shutting Down 500-600 Stores In The U.S. This Year

Posted Feb 6, 2013

GameStop, the retail store that sells new and used consoles and video games, is shutting down 500-600 locations around the U.S. this year according to Gamer Cheese.

The shutdown is due to weak sales and a drop in revenues.  GameStop also cited that gamers tend to prefer downloading mobile games as another reason why they are struggling.

Large retail companies Best Buy and Target recently started selling used video games in the last few months as well.  “We believe we have to drive a higher rate of internal change than the rate of external change around us to be a viable player in the future,” said GameStop CEO J. Paul Raines.

[Source: Examiner]