Gamestop Closing 400-450 Stores With More Closures Coming In 2021

I thought I would chime in on the percentage debate here and let you guys know that 10% is called decimation.

Its extremely devastating when it was practiced in warfare and you can also apply it to physical businesses. While it's not a kill blow to the business it is significant enough to allow for financial restructuring.

I think most people'srelationship to percentages are in terms of discounts, and a 10% discount isn't much of a deal but when applied to trimming a business this is a meaningful first step.

I haven't even been able to get onto their website for the last two weeks.

25 minutes ago, jlavaia said:

yeah me too. 10% is not alot of stores.

Actually, that's 1/10th of a 100% . . . as in 1/10th of ALL Gamestop stores. I don't care what math you use, that IS alot.

Another one bites the dust.

Never been a big Gamestop guy, but I've gotten real sick lately of watching previously healthy businesses go belly up while Congress can't bring themselves to interrupt their monthly paid vacations long enough to give a crap.

I figure by the time the pandemic,and the mess the governments made of the country in fear of it,is straitened out, there will be exactly two businesses left. The public relations firm the government pays to lie to us about how the economy is improving, and Pelosi's hair-dresser.

I feel bad for the people losing their jobs but I'm not going to miss the stores. The only time I've bought anything from Gamestop in over a decade has been after it's gone on clearance.

On 9/11/2019 at 4:18 PM, Outsiders said:

I never went to GameStop because they mainly turned into another Toys R' Us in my city. Both stores would just have employees that worked there to just pop and pull exclusive or chase figures and throw them on eBay.

I have used GameStop online but only if they were carrying exclusive figures that I wanted but not for video games. I personally don't want to deal with a brick and mortar store that will give you $15 dollars for a $60 dollar game you just purchased.

Well those employees should have been fired if they did that.

Plus this article confirms they will try to turn into a social hub for gaming.

https://abc7chicago.com/entertainment/gamestop-closing-180-200-stores-across-us-/5534676/

I don't mind my GameStop stores at all. They aren't a mess either.

I enjoy my games physical, as well as my movies, I still buy cds and albums because I like the art, even if I listen to it streaming. Regardless, I don't do retail anymore, I've found online to be more reliable to purchase the things I look for.

On one possible positive note, I saw this morning that apparently Collectibles is the only area Gamestop has experienced growth. It was saidcollectibles were up 21.2% year-over-year.

I've said this before but they should just nix the video games all-together and become a national adult action figure and collectible store chain. Yeah it's not going to be as profitable as video games where at the height of Gamestops dominance and likely couldn't sustain as many stores as before but they would basically be unique, a national toy store chain that caters to the adult action figure and collectible collector as it's primary consumer base.

They could rename the stores "POP Stop". Pop being short for Pop Culture.

Surprisingly easier to get legends at GameStop then most other places.