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GameStop to close 120 stores, increase focus on mobile
GameStop intends to close 120 video game retail stores in the current fiscal year as part of its "GameStop 3.0" initiative, the company announced at its 2014 Investor Day event this week. Its plan to scale back gaming operations involves a bigger push into the mobile space, as it will open between 200 and 250 Spring Mobile stores, 20 to 25 Simply Mac locations and 100 to 150 Cricket stores, more than doubling all three retail efforts. The plan to shut down 120 gaming retail locations was first revealed last month in GameStop's guidance for the 2014 year during its fiscal 2013 financial results announcement. The number of stores it expected to close wasn't clear at the time; GameStop noted plans to shutter approximately two percent of its 6,600 stores, amounting to a reduction of roughly 132 stores. We've reached out to GameStop to find out which locations will close in the coming year and will update as we learn more. [Image: GameStop]
