Could this be the beginning of the end for the struggling video game retailer?
What you need to know
- GameStop will close 180 to 200 stores by the end of 2019.
- The chain recently laid off 50 field leaders in August.
- The video game retailer currently has 5,700 stores worldwide.
- GameStop says it plans to close even more stores within the next two years.
For the past several years, GameStop has been a staple for many gamers, but recently the company hasn’t been doing so well. Like many other retailers, it’s found it difficult to stay afloat with the increase of online shopping. Today, GameStop announced that due to a struggling Q2, the company would be closing 180 to 200 “under-performing” stores by the end of 2019. The company went on to say that it plans on closing additional stores within the next couple of years.