Will Gamers continue stopping at GameStop?

As video gaming continues to evolve, the market for video gaming evolves as well. Technology continues to redefine the way we spend our money. GameStop, a primary retail store for video games recently announced that they are closing over 200 stores across the country. Many video gamers have been buying their games digitally, as opposed to buying a physical copy in stores. According to Business Insider, GameStop is “…applying a more definitive, analytic approach, including profit levels and sales transferability, that we expect will yield a much larger tranche of closures over the coming 12 to 24 months,” Jim Bell, GameStop CFO, said on Tuesday. GameStop is trying to manage its budget while they breath new life into the gaming chain. GameStop has a lot of competition. Digital video game purchases are made to feel so much more convenient. Like physical CD’s, soon video games will be primarily streamed/downloaded on the internet. The past few years have been rough for GameStop, they have continued to fire people, their sales were down 14.3% and throughout the year the company has lost 415 $million. Hopefully, GameStop can evolve with the times and provide their customers with an experience that makes going to GameStop worth it.


Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s