Between 180 and 200 underperforming GameStop stores are set to shutter before the end of the fiscal year, and more could be on the way.
GameStop has blamed online shopping and digital sales of games for much of its sales misfortune in recent quarters. The companyand slashed its same-store sales forecast for the year.
, this is a good move for the company. For every GameStop location in the world, there are two other GameStop stores within 5 miles, Thinknum reported. And, on average, there are 6.2 other locations within 10 miles of that store. Shoppers still like to go into GameStop locations to buy gift cards, used games and merchandise, but much of their new game purchases happen online. Fruhlinger said that even if the GameStop closest to these customers closes, they will still have a number of options within a five mile radius, or at most a 20 minute drive, to choose from.
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