GameStop is shuttering its PlayStation 2 trade-in business as of June 1st, a company spokesperson confirmed to Engadget. "We can confirm that as of June 1st we will no longer be accepting the PS2 console or its related product for trades," the statement reads. Several of GameStop's retail locations confirmed to our sister site Joystiq that the June 1st date was accurate after a Reddit posting showed what appeared to be an in-store sign saying as much, and the statement today offers a bit more detail.

For instance, GameStop won't end sales of used PlayStation 2 hardware, software and accessories -- both in store and online -- until "several months" after the June 1 cutoff. Those sales, of course, depend on "remaining stock from trades." Additionally, GameStop reminded us that it's totally pumped for the upcoming PlayStation 4. "We are very excited about the upcoming PS4 and are making room in our stores for it and other new platforms expected this fall," the statement says. And hey, with all the extra space available in GameStop stores by "holiday 2013" (when the PS4 is expected to land at retail), it looks like GameStop will be ready for business. For GameStop's full statement, head below.

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"We can confirm that as of June 1st we will no longer be accepting the PS2 console or its related product for trades. We know that the 12 year old system is a popular one and for many gamers, GameStop is the only place to find a great selection of its games. We will still offer a wide selection of the PS2 hardware, accessories and games in many of our stores and online for several months, based on remaining stock from trades.

We are very excited about the upcoming PS4 and are making room in our stores for it and other new platforms expected this fall."

-GameStop spokesperson

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GameStop confirms June 1 end to PlayStation 2 trade-ins, will continue selling used stock 'for several months'