GameStop is talking about closing stores through out 2020. The number over 300 stores. But why are they doing? GameStop has been fighting to keep its door open before the current issue of the pandemic. Now we learn in order to do this it is closing its stores.
“According to Bell, the store closures in 2020 are part of an effort to “de-densify our store base” and “[focus] on maximizing product productivity of the entire fleet.” Bell stated that he expects the number of store closures in 2020 to at least match those of 2019, but emphasized that “these store closures are a very specific and proactive part of our de-densification plan and they are not related to recent business trends.” So far, the closures seem to have aided GameStop’s restructuring efforts and are helping to “positively impact both sales and earnings growth” by reducing the number of stores and consolidating sales among fewer locations.
Article:https://www.dualshockers.com/gamestop-store-closures-2020/
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