It’s Blockbuster all over again!
GameStop, one of the biggest video game shops in America is apparently closing down about 2% to 3% of their stores which equates to at least 150 locations. With GameStop up against big retailers like Amazon, Walmart, and Best Buy, the shares of the company have slid more than 12%. There are currently more than 6,600 stores globally, 4,400 of those are in the United States.
A spokesperson told Fortune that the closure of all of these stores are part of an “annual strategy” to get rid of unproductive locations, a process that will be taking place throughout 2017.
According to the CEO of GameStop, Paul Raines, console sales haven’t been too great this past year, “We encountered stiff headwinds as we completed the third year of the console cycle.”
How often do you do your video game shopping over at GameStop? Are you scared that all games might soon go the digital route in the future? Have any stores closed down near you already? Please let us know your thoughts in the comments section below!