GameStop plans widespread store shutdowns after closing 300 locations last year

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GameStop plans widespread store shutdowns after closing 300 locations last year

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GameStop has announced plans to shut down stores across the country after closing 300 locations just last year. The popular gaming retailer says net sales have fallen 20 percent, now sitting at $860 million - a drastic change from its $1.08 billion in 2023. Despite generating income, the company's operations have continued to decline, according to Wedbush analysts, a financial services firm that represents the retailer. 'GameStop has virtually no chance of returning to profitability in its core business,' Wedbush analysts said.
Read More >> Full Article on Source: CELEBS MAG
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