Gamestop Corporation (NYSE:GME) has announced the closure of 200 stores worldwide, which did little to help the decline in GME stock.
The world’s largest video game retailer, which operates over 5,700 stores across the globe, has been struggling massively as of late as consumers increasingly flock to digital downloads as opposed to hard copies. While the massive number of stores seems impressive, it has become more of a liability in the digital age. “We are on track to close between 180 and 200 underperforming stores globally by the end of this fiscal year,” GameStop CFO Jim ...
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