• GameStop to close 150 stores

    By: Kara Driscoll, ‎Dayton Daily News

    Updated:

    GRAPEVINE, Texas - GameStop, a video game and consumer electronics retailer, will close at least 150 stores after reporting another year of declined sales.

    >> Read more trending news

    The Texas-based company released its report of sales and earnings for 2017 last week, and projected a grim 2017 for some stores. In the fourth quarter of last year, total global sales decreased nearly 14 percent, and new hardware sales declined 29 percent.

    » STORE CLOSURES: 9 retailers closing stores nationwide this year

    A spokesperson told Fortune that non-productive stores would close sometime in 2017. However ,specific locations were not announced. About 2 to 3 percent of the retailer’s total amount of stores will close.

    USA Today reported that Game Stop plans to open 65 Technology Brands stores, which include cellphone retailers. It also plans to open 35 Collectibles stores, which sell apparel.

    GameStop operates 7,500 stores across 14 countries.

    Next Up:


  • Headline Goes Here

    GameStop to close 150 stores

  • Headline Goes Here

    Saudi air defenses intercept 2 missiles from Yemen, state media says

  • Headline Goes Here

    Sarah Huckabee Sanders' tweet about restaurant eviction violates law,…

  • Headline Goes Here

    New Hampshire boy, 2, rescued after being trapped under rock pile

  • Headline Goes Here

    Memphis funeral home hit by lightning, burns down moments before service