The GameStop subreddit is reporting stores are being told of closures today. A full list out shortly. Expect 700-1000
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GameStop closing more stores in 2020
- Thread starter KoopaSwitch
- Start date
Well, if true, I sure hope no one reading this is learning their job is gone.
Just awful news. Doesn't matter how you feel about the company, this is terrible for their employees.
And frankly, we as a society are losing places to go. It's sad to think even a big company solely focused on a huge market can't survive.
Just awful news. Doesn't matter how you feel about the company, this is terrible for their employees.
And frankly, we as a society are losing places to go. It's sad to think even a big company solely focused on a huge market can't survive.
well...hopefully the one I go to isn't closed, its a 5 minutes vs 30 minute drive...it also gets good foot traffic for that reason lol
also for anyone thinking this means they are closing down completely. No, they will just keep closing stores until revenue > costs and they have a lot of redundant locations they can close
also for anyone thinking this means they are closing down completely. No, they will just keep closing stores until revenue > costs and they have a lot of redundant locations they can close
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Before people start going "it won't last a year", remember this:
Gamestop had over 5,000 locations. In comparison, locations like Best Buy have under 1,000 and Target just over 1,000. 5,000 is A LOT in a business not doing well. Bringing the number down to even 3,000 still, is still A LOT of stores. If they want to survive, they can't pay for that capacity.
Gamestop had over 5,000 locations. In comparison, locations like Best Buy have under 1,000 and Target just over 1,000. 5,000 is A LOT in a business not doing well. Bringing the number down to even 3,000 still, is still A LOT of stores. If they want to survive, they can't pay for that capacity.
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DLs are calling and sending out emails. Many DLs to be terminated as well. Can't post the link right now
I'm more concerned about inventory, especially when it comes to older generation stuff. What's going to happen to all of it? Private auctions?
Got some good deals at the last closures. The Gamestop was even selling its fixtures and furniture.
Not if they aren't out already at least. I don't think it would buy them enough time if they were out. It's the way they do business that's killing them.
See a few posts above.
Website isn't going anywhere and currently the only place to get retro stuff (except for a few locations).
Amazon/eBay is the "easiest"
Depends on your location. I am close to BookOff stores which one can trade in various things for pretty good returns on
Sell 'em on eBay. You won't get your money fast, but you'll get money.
it usually gets sold at auctions yes also resellers. its how alot of mom and pops game shops get their inventory.
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New consoles have little profit and many will opt to purchase games digitally. They were never gonna be saved by it.
Best Buy's replaced Gamestop for me for a while now. I'll reserve games at Gamestop for preorder bonuses but Best Buy has been far more reliable both in store and online. Even their amiibo selection is more impressive
Gamestop's official reddit (which has employees posts usually) has a thread on it
Yes lots of them, but nobody really uses them because we have better alternatives.
Exactly- they need to get smaller. I think there is a viable and in-demand business still for games- its just they need fewer locations. Yeah, it might mean some might have to drive 20 minutes to their store, instead of 5-10 min, but whatever.
Its kind of crazy, really. Where I live (suburb 10 minutes out of small city), we have a store in a strip mall. Near the city itself, at the big mall area- there is a store inside the indoor mall, and one in a strip mall 2 minutes away, and another strip mall with a location 5 minutes from that. In the next town over (20-30 minutes away- there is a store inside the indoor mall, and another location in a strip mall literally across the street from the indoor mall.
Why in the hell does there need to be SIX FREAKING STORES in an area 30-40 minute drive, tops, from one end to the other?
New consoles could very well get delayed to 2021 due to the current health issues.
They're fucking everywhere here in Southern California, several stores (2-4) within a 10-minute drive from each other.
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... So they can't be propped up by something that isn't out for 9 months.
sometimes companies ride it out in anticipation of big events 🤷♂️
Oof that's a lot of retail jobs going away. My sympathies to anyone impacted by this ☹
Burlington, MA had about 3 of them within a 2 mile radius of each other at one point in the last 5 years. I remember the Nashua, NH mall had two on opposite ends of the mall. It's not terribly surprising they have a ton of locations and they were probably eating each other's business.
Part of this is probably due to not winding down the stores they inherited from all the mergers and acquisitions over the last two decades.
Burlington, MA had about 3 of them within a 2 mile radius of each other at one point in the last 5 years. I remember the Nashua, NH mall had two on opposite ends of the mall. It's not terribly surprising they have a ton of locations and they were probably eating each other's business.
Part of this is probably due to not winding down the stores they inherited from all the mergers and acquisitions over the last two decades.
... And they are riding it out. They are still going to have plenty of stores when the new console launches and into next year.
Is there a list anywhere? It sucks to be part of a layoff/reduction of any kind. Hopefully everyone ends up on their feet.
Exactly. I just counted how many are in the Bay Area. There's 20. Some not spaced out too much either. Only 3 have closed since the last 2 rounds of closures. Just too much, especially in an area here where digital is really, really big.
I'm interested in seeing the list. I work in a smallish city with two Gamestops within 3 miles of one another. One is a big spacious store (modern/nice by GS standards) by a Wal-Mart and the other is a long and narrow hole-in-the-wall kind of setup in an ancient shopping center across from the mall. I'm hoping neither closes but if one does, I hope it's the hole-in-the-wall. But the rent could be super-cheap there so who knows.