GameStop lays off 14% of workers, closing up to 200 stores

[OnlinePoker]

GameStop is the latest struggling retailer to make drastic moves to stay afloat, according to published reports.

Already, the chain has cut 14% of workers at its headquarters near Dallas and in select other locations, according to The Holywood Reporter. Now comes word 180-200 stores will soon be closed for good.

Sales at GameStop were down 14% during the company’s fiscal second quarter, The Hollywood Reporter says. For all of 2019, the video-game retailer is projecting a sales drop “in the low-teens.”

CEO George Sherman said in federal filings that he has a four-point plan to turn things around.

https://www.dispatch.com/news/20190910/gamestop-lays-off-14-of-workers-closing-up-to-200-stores

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Sorry for the workers, but this company has a crappy reputation so it's no surprise they're in trouble.

[hlthe2b]

1. But, their downfall likewise took out their "Simply Mac" stores that were certified to sell/repair

all things Apple in several locales along the front range of CO. This is sad collateral damage for me and many in Colorado, who are now stuck driving to the Apple store in Denver. Thus a one-day battery replacement on an iphone now turns into at least a 10-day ordeal.

[RhodeIslandOne]

2. Seeing as most GamerGaters don't leave their house

......they’ll claim this is great and be chanting TRUMP TRUMP TRUMP.

[roamer65]

3. Amazon and eBay.

Game Stop will be gone in 5 years or less.

[912gdm]

4. it's becoming an outdated industry.

I haven't physically bought a computer game in a couple years cause I can just download it.


I don't know about other platforms like playstation, but I assume those are streamable or will soon be.

[Act_of_Reparation]

5. Steam more than Amazon or Ebay.

Gamers have been mostly buying digital downloads for the past fifteen years or so. Gamestop's death has been a long time coming.

[Sapient Donkey]

7. Yeap, digital download is what's doing it. Same fate as movie rental stores.

Whether it's Steam, GOG, or one of the other major ones from the publishers themselves.

[USALiberal]

8. Mostly E-Downloads. nt

[blugbox]

6. Gamestop sells only physical media.

PC has had digital downloads for ages now. Consoles are getting amazing options for digital games now. Xbox has game share with a friend, and also has a $15 monthly service that gives you Xbox Live Gold and instant access to over 100 games.

Gamestop sells used games, and that should be their main strength... instead they want to sell you the game with no case or manual for only $5 cheaper than brand new. NOBODY wants that.