Friday, March 24, 2017

GameStop Closing at Least 150 Stores Amid Sales Decline

Image result for gamestopVideogame chain GameStop Corp., hit hard by a shift to digital downloads, plans to close at least 150 stores this year and expand nongaming businesses.

Sales and earnings fell by double digits in the latest period, and the GameStop brand lost some market share during the holiday season due to discounts, Chief Executive J. Paul Raines said Thursday on a conference call.. . . more

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