GameStop plans widespread store shutdowns after closing 300 locations last year

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.

[PRIMORDUS]

Also giving you about $5.00 off for buying a used game is just bullshit. For example: https://www.gamestop.com/vi... New is $59.99, if your going to sell it for a used price it needs to be at least $10-$20 less. I hope GameStop just goes away.

[OtterX]

Same nonsense they were doing 20 years ago. 🙄

Time to take old yeller out behind the shed...

[Grilla]

One of the reasons I went digital. I used to trade games in back in the day when money was tighter. Trading a game in for 10-15$ isn’t worth the trouble. Especially when they turn around and sell it for almost full price.

[RhinoGamer88]

Not surprising, but sad. WooT is killing it with their game discounts...on new games.

[raWfodog]

This is just market forces adjusting for GameStop’s long-time practices of nickel and diming the consumer. I feel bad for the workers though. It’s not good that they have to lose their jobs over this.

[P_Bomb]

Unfortunate for the staff, but not unexpected.

[46player]

Not too surprising. Lots of people buying digital.

And GameStops trade in and resale pricing strategy is awful for customers. I will miss them when they are gone though.

Most I will miss being able to trade in a console, get a couple hundred towards the new model like PS5 to PS5 Pro.

[SonyStyled]

I’ll miss the midnight launch parties. Standing in line with strangers sharing our excitement about a video game. Digital took that from us. I wish younger audiences could experience how joyful it was

[Kombatologist]

I often think about times like that and how good we had it, before social media and smart phones gave way to a generation that expects instant gratification.

[ZeekQuattro]

The last thing I bought from Gamestop was a Splatoon 1 Amiibo 3 pack. I won't lose much sleep if they go away. What I miss is the local mom and pop game store I went to before malls started dying. Those were good times.

[Knightofelemia]

Give it a few more years and Gamestop will end up like Sears. I go into Gamestop now its more toys and collectables then actual games. Some games you have to preorder or the company doesn't bring the game in.

[TheColbertinator]

Damn shame but they brought it upon themselves.

[vikingland1]

They got greedy before game were mostly digital and they stayed greedy to their own demise. I'll miss going in and browsing and buying games and gaming items.

[jznrpg]

It’s sad in a way but I’m surprised they lasted this long. It was my spot for a long time back in the day. They treated the employees like crap so sucks for them to be out of work but it may be for the best.

[Demetrius]

If they close stores here in Chattanooga I'd miss em, plenty of memories like getting spiderman 2 ps5 for the 1st time and other gems

[SegaSaturn669]

MAn, funkopop is gonna be furious.

[Chocoburger]

Gamestop had some cool physical pre-order bonuses in the past, which I liked. But it doesn't happen as often anymore, instead publishers offer worthless digital cosmetics now as pre-order bonuses, making Gamestop useless.

[isarai]

Feel bad for the workers and the hit to physical availability, but damn did they dig this hole themselves with the constant BS of dealing with their store

[DFresh]

GameStop is going the way of Blockbuster Video.
They had their time.

[dripdrop30]

On a side note, when gamestops close do their games go on discount for as much as the pic above or is it just their merchandise?

[Popsicle]

I would assume all items including games. Anytime there is store closing there is pressure to liquidate all inventory because the space has to be vacated by a certain date. The company doesn’t want excess inventory that will cost money to transfer, store, or dispose.

[jukins]

Crazy how they have stores and warehouses full of used games and they refuse to become a loyal physical rental shop like gamefly