GameStop plans to pull the plug on 200 retail stores due to a decline in sales.

Despite the positive news that we’ve been hearing lately, such as strong sales for high profile titles such as Halo 4 and Call of Duty: Black Ops II, the video game retail industry is still on shaky ground. US-based retail giant GameStop is no exception, posting losses despite their shift towards digital game sales and having a strong foothold on physical game sales. In a report issued over their third quarter earnings in 2012, the decline in sales was easy to notice, leading the retailer to take action to curb future losses. Unfortunately, the casualty will be approximately 200 GameStop retail locations that are now facing closure, a move that will put hundreds of people out of work.

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Snookies122223d ago

I used to have 3 within 5 minutes driving distance of my house... This year however, 2 of those have closed down. So now there's only one in my area. Kinda sucky, I was happy that I could just drive down the street from one store to find a different selection of used games if one didn't have what I wanted.

Muffins12232223d ago

Funny cause when next gen
comes there gonna wish they dident sell those other stores.

Ryan_Hay2223d ago (Edited 2223d ago )

If the rumors of next gen consoles having some sort of DRM block for used games comes true then gamestop is pretty much done for.With Gaikai coming, digital sales becoming more and more popular and walmart/amazon etc, eating up Gamestops marketshare, they could possibly just go under.No way they can stay afloat with the, what? $20 they make of each new game sale.(assuming used game trade in's cease to exist)

Personally couldn't care less if they close down.GS is my last resort go-to place for a game.The employees are always fanboys of one system or another and/or just completely ignorant of whats releasing, is released or even whats in stock.And don't even get me started on the insulting offers for used games.

$4 for a game i bought from them three weeks before for $60, so they can slap on some new plastic and sell it for another $45? Go to hell gamestop!

Bimkoblerutso2222d ago

The sad thing is there's really just no good way for consumers to buy games these days. You either get raped by Gamestops RIDICULOUS mark-ups on their used games, or you support the developers/publishers...and let them rape you with their tyrannical DRM and anti-piracy bullshit.

It's truly sad that our only choices are to be treated like saps or criminals depending on how we buy our games...

darthv722222d ago

about stores closing and people out of work. It happens but it doesnt help when you have so many with a short distance of each other (like snookies said).

Declining sales....lower your used game prices Gamestop. $2 difference between a new and used just doesnt justify. They could also claim that the impending obamacare program will have to force them to cut jobs to remain in business.

healthcare is expensive but that is an argument for another thread.

rainslacker2223d ago

I have about 7 all within 2-20 minutes of my house. The one closest to my house doesn't always have some of the older games or specialty peripherals, or limited editions, or a very large Vita selection, so it's nice when I can just find another store in the area that I can go pick it up from.

I must say though that most of the 4 or so I've been to around me they are in good locations, and they tend to seem pretty busy. Even the one 2 minutes from me which opened this year tends to always have people shopping when I go in.

Gamer-Z2223d ago

This is bad news since i just got hired at one, hopefully this wont affect my area.

Godchild10202223d ago (Edited 2223d ago )

It will reflect the stores that have seen the most decline in sales. So, if your store sees a great deal of sales the next few weeks, then you shouldn't worry.

Myst2223d ago

That will surely be interesting then with the holiday(s) right around the corner. I guess this will give them all the information they need to know perhaps.

AusRogo2223d ago (Edited 2223d ago )

I hope it doesn't affect you! Jobs are* hard to come by these days.

Zangetsu_Wielder2223d ago

Let's hope it doesn't happen. That would be quite unfortunate and it would be less convenient to buy games

Zodiac2223d ago

Hope it does not affect my area. Those return a used game in 7 days for a full refund rules are great. Beat a game or don't like it? Return it and get your money back. Probably only put down 2-300 bucks for games over the last few years.

Kamikaze1352223d ago

The digital age is hitting hard and a lot of people are going to lose their jobs because of it. It definitely sucks for them. With the recently released systems and upcoming ones supporting full download of games on release, I can only imagine more stores closing down soon.

LAZL0-Panaflex2222d ago

Obama care. Decline in sales due to broke people ie layoffs and or cut hours. Digital media. Amazon. Walmart= bye bye gamestop.

Kamikaze1352222d ago (Edited 2222d ago )

Yes, blame people because the person you voted for lost XD. FOUR MORE YEARS!!!

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