GameStop's Store Closures and Business Struggles
GameStop, the struggling video game retailer, plans to close a significant number of stores in the U.S. as part of a store optimization review. The company faces declining sales and profitability, with analysts skeptical about its chances of returning to profitability. GameStop is exploring new services like trading card authentication to expand its market reach.
Key Points
- GameStop plans to close a significant number of stores in the U.S.
- Analysts doubt GameStop's ability to return to profitability in its core business.
- The company is exploring new services like trading card authentication to expand its market reach.