Report: GameStop Closed 52 Stores During Q2 FY13

August 26, 2013 - GamePolitics Staff

During a recent conference call to discuss its fiscal year 2013 second quarter results, GameStop chief financial officer Rob Lloyd said that the retailer was operating 6,505 stores. The company also said that it added 13 new stores globally during the quarter. That means that during the second quarter which ended on August 3, the company closed right around 52 stores.

"We ended the quarter with 6,505 stores," GameStop chief financial officer Rob Lloyd said. "We opened seven and closed 46 in the U.S., and opened six and closed six internationally. We still expect to reduce our store base by about 2 percent this year."

This is not unexpected news of course; the company announced in February of this year that it would be closing an estimated 250 stores total in 2013, hoping to reduce its overall global footprint by 2 percent after closing stores, acquiring news ones, and consolidating some stores in locations where it made sense.

Source: GameSpot

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Comments

Re: Report: GameStop Closed 52 Stores During Q2 FY13

Maybe if it stopped selling new games as used for less money it could afford to keep all of its stores open.

 

Andrew Eisen

Re: Report: GameStop Closed 52 Stores During Q2 FY13

Or if they stopped having one on every corner acting like their starbucks in the middle east (saw this first hand while i was there.. OMG do they like their coffee... Had to pass through them just to get into some stores!)

I mean seriously.. they had 2 in the mall near here, and then opened 2 more withing a THREE mile radius of that mall.. One of the mall ones closed finally though..

Similar situation when I was stationed in WA for awhile. Had 2 in the mall, and 3 more within a three to five mile radius around it.

And that was over 6 years ago.

Re: Report: GameStop Closed 52 Stores During Q2 FY13

Michigan had the exact same situation in Lansing, Flint, and Saginaw. In at least Flint and Saginaw, the location outside the mall was opened specifically because the malls made it difficult for them to do midnight releases, but the mall locations were kept open for years. Over the last two years, they finally started closing the redundant mall locations.

 
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