GameStop already plans to close up to 200 stores but could soon close even more [CNBC]
GameStop Corporation (GME)
Last gamestop corporation earnings: 3/26 04:06 pm
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Source: CNBC
GameStop already plans to close up to 200 stores but could soon close even more Pedestrians walk past a . store in New York, U.S. Bloomberg | Getty Images Between 180 and 200 underperforming before the end of the fiscal year, GameStop has blamed online shopping and digital sales of games for much of its sales misfortune in recent quarters. The company posted dismal fiscal second quarter earnings last week On that earnings call, the company announced it would shutter up to 200 of its 5,700 global locations and hinted at "a much larger tranche of closures over the coming 12 to 24 months." GameStop did not immediately respond to CNBC's request for comment. According to data analysis by Thinknum "They are going to take a hard look at what they can afford to cut and are going to look for redundancies," said Joshua Fruhlinger, editor-in-chief at Thinknum Alternative Data. Shoppers still like to go into GameStop locations to buy gift cards, used games and merchandise, but much of their new g
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GME
Earnings
- 3/26/24 - Miss
GME
Sec Filings
- 5/7/24 - Form 4
- 5/6/24 - Form 144
- 4/30/24 - Form ARS
- GME's page on the SEC website