The Future of SouthCoast GameStop Locations Is Unclear
If you just purchased the Power Rewards discount money-back membership in the area where some of these stores are closing, you might have just been PWND.
GameStop has just announced that, within the year, about 180 to possibly 200 stores worldwide will be closing.
*cue the Pac-Man dying sound effect*
Although only two months ago, the company had announced it had plans to revamp and bring new energy to its stores, the company's sales have gone down by 14.3 percent for its second-quarter global sales.
According to Engadget.com, the company received a $32 million net loss. GameStop's CFO James Bell says up to 200 "under-performing" stores will close down from now till the end of the year.
Bell added, "While these closures were more opportunistic, we are applying a more definitive, analytic approach, including profit levels and sales transferability, that we expect will yield a much larger tranche of closures over the coming 12 to 24 months."
When reached for comment, an employee of a local GameStop told us stores have not yet been notified as to which ones will be closing. Locally, we have GameStops in Fairhaven, Dartmouth, Wareham, Fall River, and Taunton.
Despite many stores shuttering their doors, there is still going to be a push to try and revamp the better-performing stores. It's unlikely that the stores' fortunes will change any time soon, and as a result, it's expected for the company's year-over-year sales to be down for the next three or four quarters.
If put into effect around the area, gamers who normally shop at GameStop would have to purchase their video games from either Best Buy, Walmart or resort to online shopping such as Amazon.