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GameStop to Close Over 500 Stores in 2013

2012 annual sales figures were recently released, and according to Business Insider, the used game juggernaut is downsizing across the country. At least 500 GameStop stores are potentially closing their doors, and there aren’t too many gamers that are sad to hear it.

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LOGICWINS1655d ago

A shame about all those people losing their jobs. Due to the economy, everyones getting smarter with their money and finding better deals in other stores.

GamerCheese1655d ago

We definitely feel bad for the GameStop employees who have a passion for gaming, a dedication to customer service, and lead by example. Unfortunately, a lot of GameStop stores are void of these special kinds of employees. We're hoping that the good ones get to keep their jobs.

decrypt1655d ago

Well its pretty darn sad given the state of the economy and the lack of jobs.

Unfortunately the western world suffers from structural problems. This recession isnt going to end despite what politicians might say. Recessions not going anywhere not for another 15-20 years.

MikeMyers1655d ago

"Unfortunately the western world suffers from structural problems."

Actually it's across the globe. Japan has been in a recession for years, China is slowing down as well. The fact is the retail space has changed as more and more people look at alternative methods like E-Bay and buying games digitally.

dcbronco1655d ago (Edited 1655d ago )

The "recession" is permanent. As long as people continue to vote the same way politicians will continue to sell us out to people looking to have more money. The housing crisis never hit Canada. The reason was their government saw what the banks were doing and stopped them. Most politicians in other countries took their campaign contributions and looked the other way. And the people re-elected them because they pretended it was all a shock to them.

It ain't the economy. It's the politicians.

I have to say I won't shed a tear if Gamestop went under. I do feel bad for the good employees there though. Not so much for the many poor ones.

SilentNegotiator1655d ago (Edited 1655d ago )

It's not surprising, though; there are personally about 3 Gamestops within a 5 mile radius of where I live. That's the definition of ineffectual redundancy. I don't even live in the city.

lilbrat231655d ago

Nothing new seems many stores are downsizing, near me I have 4 Gamestop and they are less then 5 miles away. Closing a few won't kill me since I stopped shopping at Gamestop a long time ago.

Qrphe1655d ago

@Silent

Agreed, there are within two blocks where I live.

BattleAxe1655d ago

Wow, that is a bombshell announcement. Not really a huge surprise though, especially since they have alienated their core customers with poor trade-in values on used games. I used to shop at EB Games all the time, but got tired of getting screwed on trade-ins. They also haven't done much with their stores to improve the retail store experience.

With the massive worldwide sales power that they had, they should have been able to come to some kind of agreement with Sony, Microsoft, EA, Activision and others to get their costs down for purchasing games. They then could have passed those cost savings on to the consumer, which would have actually given people a reason to go there instead of elsewhere when people were out to buy a brand new game.

clearelite1655d ago (Edited 1655d ago )

Yeah dcbronco, it is up to us to more carefully choose between puppet #2 and puppet #1.

I agree GamerCheese. There is a different/better game store here in CT that is packed every time I go there, so it's not only the economy. Like someone mentioned, there are often 2 or more gamestops within a 1 mile radius, sometimes right across the street from one another, so many are redundant. Here's to hoping they find jobs at other burgeoning game stores.

rainslacker1655d ago (Edited 1655d ago )

Question.

They are closing 500 stores...how many are they going to be opening? I know one near my house is closing down this week, because two other stores opened up in better locations to service the area that that one store was servicing. Last year alone 3 stores opened up all within 20 miles of my house.

Stores close for a lot of reasons. High rent, bad locations(which may not have been bad originally), redundant locations, lack of sales, too much competition, etc.

The downturn in the gaming market though is a big reason though, and that is certainly not good for anyone who enjoys or makes games. If there are gamers who are happy at this news then it makes me sad that people could be so oblivious to the bigger issues this represents.

I know many people have issues with GS, even I did for a while due to some Xbox fanboy clerk literally calling me stupid for wanting a PS3 6 years ago (took me 5 years and having an amazing staff at a new one 2 minutes from my house to get over that), but they are about the only specialized gaming store of any scale here in the US. For them to be gone would be a huge blow to gaming unless there was someone else to pick up the slack. Best Buy, Target, and especially Wal-Mart leave me wanting more from a game store. Amazon is OK, but having only online doesn't lend to just going to the store and browsing and finding some cool deals at the spur of the moment. Seeing another company take up the helm would be doubtful given the current state of the gaming market, and the fact that GS couldn't manage it, so where does that leave us?

subtenko1655d ago

Companies do this from time to time, the question is what is Gamestop's future? Who knows...idk..

I just wanna say that I've been thinking Sony PlayStation is brewing up something with gaming sales and/or retail business. Maybe, maybe not, just a guess.

sobekflakmonkey1655d ago

I'm just worried about where I'm supposed to get my PS4 now, in the mall near my house is an EB Games, which is Canada's GameStop and also run by GameStop; it would be lame if it closed, but there is also a London Drugs, and a Giant Wal-mart attached to the mall as well, which both sell video games and console's, and even have midnight releases, but still, EB Games is where it's at, I'd be sad to see it go personally...

aCasualGamer1654d ago (Edited 1654d ago )

Sad for the employees. Not sad for the company, couldn't care less for those who run this company. They seem to be made of the same material as the devils who run companies like EA and Activision. Nothing but greedy bastards.

Not only are they reselling your games at a profit but their standard game releases are always overpriced compared to almost every other game store.

A simple google search and you'll find, for example, AC3 for 34,99$ somewhere but at gamestop it's still 59,99$.

slaton241654d ago

yeah the gamestop near me actually is very nice respectful and have helped me save alot of money...they have even let some people on special deals and extra discounts

insomnium21654d ago

I've been shopping online only for years. People still buy their games from stores?

+ Show (11) more repliesLast reply 1654d ago
yeahokchief1655d ago (Edited 1655d ago )

oh shut up. they're horrible jobs and i'm betting most of them will be happier wherever they land once they are freed from their minimum wage slave work.

screw this greedy company. i hope they close them all.

they were parasites on the industry. hopefully next gen wipes them out completely and this is just them trying to holdon to some of the money they pulled out of the pockets of developers and ignorant consumers.

Aceman181655d ago

my younger brother is a manager at one of the NYC stores here, and i sure as sh*t don't want to see him lose his job.

Godchild10201655d ago

I worked at Gamestop for a good amount of time and I liked working there. I like my current job more, but working at Gamestop is not bad once you reach a certain position and have great people that enjoy what they sale. Or during the holiday season where the hours kick in.

I still have friends that work for Gamestop and it will suck to see them lose their job.

vallencer1655d ago

Well I hope you get the opportunity to lose your job one day too. I got lucky enough to be working in a store thy decided to close. An guess what I actually like working at GameStop. Luckily I found another store. Too bad we can't take away your last bubble for being an ass.

PFFT1655d ago

@Aceman18

Here is hoping he doesnt dude!

juandren1655d ago

Am I the only one who wants something really bad to happen to yeahokchief? Like death? Loss of his family in a fire? You, sir, are a pathetic human being and you have NO idea what losing a job feels like. You're probably 15 years old and smoking crack right now. Just a fair warning for the future - don't look down on people, it will only set you back in life. I know it's ironic because I'm looking down on you, but after just that one comment I don't even consider you a person. People have souls. Also, I am going to PM you this exact message to make sure you get it.

Kevlar0091655d ago

How's your rock? Is it cozy? Got fine moss bedding? Because the rock you've been living under for 4 years must be too good to leave since you have no idea how the world is now, many people would love to say they are working for any job, even if it's "minimum wage slave work" (which is an exaggeration)

Also why are you getting mad at the workforce? They don't make the financial decisions, and sure while there may be a few D-bag workers, most people with a job would love to keep it and do their best. Have some decency

SaiyanFury1655d ago

@Juandren

I don't usually respond in comments as I am doing, but really? You wish death upon someone? You want his family to be burnt to death? As someone who has a family, a wife and daughter to be exact, I would be completely devastated if I lost my family. Your comment is not only rude and immature, it's completely inappropriate for this site. I just wished to express my personal disgust for your absolutely horrid comment. Good day, sir or madame.

gobluesamg1655d ago

Definitely marking down Jaundren for personal attack. That was easily the worst comment I've seen on a video game forum. You have to be kidding me man. You probably don't have the balls to say something like that in person you internet tough guy.

juandren1655d ago

Okay so my comment was harsh. Obviously I wouldn't really wish death upon anybody and I was definitely stooping down to his level. I apologise for that. As someone who recently lost my job because the company closed it is a sensitive matter for me and I did not mean to attack anybody. SayainFairy, just one thing, what would you have done if somebody wished for you to lose your job and you've been working there for years and it's the only thing you know? Having to face your wife and child every night, unable to provide for them? Wouldn't you say poverty to an extreme level is a fate just short of death? One of my friends is a manager at BTGames (Similar to Gamestop) and it is all he knows. He is an extremely hard-working person and with all the crap he gets from customers he still manages to treat them with respect. Now, being 45 years old his remaining working years are coming to an end. Having to save for retirement with that kind of salary cannot be easy and I have the utmost respect for him. He is a loving father and works his ass off for his family. I just think it's ignorant to call somebody like that a parasite. Why would you? Because he works at a game store? Not everybody can be accountants and doctors. A job like that is ALL some people know and can do really well. To want that taken away and force a family to live on the street (In South Africa, I might add, where lots of families lose their homes weekly) is even just as cold-hearted as what I said. Unfortunately I was filled with rage and I honestly feel guilty about my comment, but yeahokchief's comment just touched a nerve and hit a little too close to home. My apologies and I hope I can be forgiven

rainslacker1655d ago

I know most of the ones at the one I frequent all seem to really enjoy their job. With so many opening in our area lately there's probably a lot of room for advancement. Most of them seem to be in the early to mid twenties, so it's not like they are just school kids with a part time job. 4 of them I would say have full time positions. The manager herself is one of the coolest GS people I've ever met. Probably early 30's, doesn't look like a gamer, but she sure knows her games and can talk about them at length, both old and new.

As far as retail environments go, GS is probably an OK place to work if you don't mind sales. The people that I see that complain about working there don't seem like they understand the retail environment, and act like it would be better anywhere else.

Aceman181654d ago

@PFFT

thx for that my brother happens to love his job because he loves gaming, and he acknowledges that it does piss him off sometimes but he still loves it.

what i find disturbing is the people who disagreed with me. i hope the ones who did lose their jobs to know what it feels like to have that happen to them.

+ Show (8) more repliesLast reply 1654d ago
bicfitness1655d ago

More due to online shopping than anything else. Its so convenient and you can usually get better deals than you would find in a store. Only the big chains - Walmart, Costco - will really survive the shift in purchasing habits.

torchic1655d ago

agreed, it's most definitely due to online shopping.

I just recently started looking for better deals online and haven't gone back to retail ever since (apart for Rayman Origins which I saw for about €20)

vallencer1655d ago

It's partly that but it's also the fact that Sony and Microsoft have waited so long to release another system. People want something else but there isn't anything else yet so people aren't spending as much money.

Gamer19821655d ago

Online is the killer like in UK I get my games from shopto for £30-£35 and get them 1-2 days before release day. Why would I goto the shop at launch day and buy for £40-£50? Not to mention on top of that shop may not have enough stock etc.. if you didn't pre-order.

ABizzel11655d ago

@Logic

BestBuy is destroying Gamestop as a retail games store, and online stores are wrapping up with the finishing blow.

CBaoth1655d ago

They're closing over 200 stores in 2013 themselves.

It's an inevitable situation caused by over saturation. I can hit up over 8 Gamestops within 10 miles of my house. That's far too many and it was bound to happen.

I agree about online sales impacting traditional brick & mortar stores though. Shame to see so many people unemployed soon but I fear it's gonna get worse before it gets better