GameStop to close 250 stores in 2013

CFO Rob Lloyd says retailer will also open 60 to 70 stores across the world and acquire 40 from bankrupt shop GAME.

GameStop plans to close 250 stores in 2013, company chief financial officer Rob Lloyd said today during a presentation at the Goldman Sachs Technology and Internet Conference in San Francisco, California.

In addition, the company will open 60 to 70 stores during the year, he said, which is fewer than the company created in 2012.

Lloyd also revealed that GameStop will acquire 40 former GAME locations in France, following the retailer's bankruptcy last year.

"We're using our PowerUp Rewards database to help customers move from stores that we want to close to other nearby stores," Lloyd said. "And closing 250 stores enables us to deal with the very small percentage of stores that are unprofitable, but also to close marginally profitable stores and actually make more money by moving customers to other nearby stores."

Between opening, shuttering, and acquiring stores, Lloyd said GameStop's total worldwide square footage will be reduced by 2 percent.

Written By

Eddie Makuch is a news editor at GameSpot, and would like to see the Whalers return to Hartford.

Discussion

137 comments
talshiarr
talshiarr

I can't even remember the last time I walked into a brick and mortar game store.

cantor2537
cantor2537

I once walked into a GS and this fat nerdy Asian female employee was trying to get me to buy a used SR3 instead of a new one. I told her no. She said, it's 5 bucks cheaper. I kept telling her no, I want a new one. And then she was like, can I ask you why? I said, I want to support the developer just to get her off my back. She then says, well, what about supporting the store?

Are all GS employees brainwashed like this? I then come back a few months later (this store is within a walk from my house) and she's at it with other customers, yeah you can trade games in for purchase toward a new system, like this man's doing. It's pretty cool.

I just about barfed. 


DeViLzzz
DeViLzzz

Ok if you are going to close one in Sarnia please close the one near Walmart and keep the one in the Lambton Mall.  Please ....


and for the people that are complaining about GameStop ripping you off well learn to shop and not be a bad

seriously learn to read, understand and take advantage of good promos

and also realize that with less competition Best Buy, Future Shop and other stores like that will have less reason to give us better prices sometimes so we need GameStop around ... 

geezus think before you make stupid statements

wiidsduelpack
wiidsduelpack

Can you tell us where they are closing to know ahead where not to go

DarthLod
DarthLod

Close them all. I prefer Amazon.

pidow
pidow

As long as they do not close my favorate store(which is close to my house) and cause people to loose their jobs, than it probably for the best.

megamanfan
megamanfan

And, did everyone skip right past the fact that they are opening new stores as well?  I'm no Gamestop defender, but I have frequently said they get more hate than they deserve and people that complain about their trade values shouldn't sell their games back.

Feedbackula
Feedbackula

That sucks, but at the same time it's stupid for corporate to have decided that it was a great idea to have two different GameStop stores open just down the road from each other... Or literally across the street...

KillzoneSnake
KillzoneSnake

Sad news... next gen most game stores will be dead. I will download all my games on PS store... everything comes to an end.

erix43
erix43

Losers, I respected them when they were EB. They became soul suckers. I remember when you could trade in games for a console. Now it's just garbage and they RIP YOU OFF EVERYTIME. BURN BABY BURN!!

hunter8man
hunter8man

The beginning of the end of that ungodly store. I feel bad for those who may be losing their job though. When the last store is ready to close, I would love to see all of the former employees that they've screwed over the years return and burn it to the ground.

Nintyfan95
Nintyfan95

YES! Gamestop is dying, and Digital games are booming. Cheaper games are on the horizon with high production. Nintendo, Microsoft, and Sony are going to have to sell their hardware through online shopping sites like Ebay, and Amazon. Or do it Apple style, and make their own stores around the world.

franzito
franzito

Ebay is the best I guess. Amazon's sellers second best. I bought from EBgames a long time ago.

jark888
jark888

Don't like Gamestop? 

Just make  your trading in Ebay, Craigslist, or Amazon.

DeFiLeDTitan
DeFiLeDTitan

I miss funcoland and eb games. Gone the way of the movie rental store. Let's call this the day the videogame died.

tightwad34
tightwad34

And so the downfall of Gamestop due to the digital age is beginning, or just getting worse. I will always loathe the day I cannot buy a physical copy anymore.

xeoneex66
xeoneex66

oh noez it's the epidemic of GameStop stores.  Before we know it we will have ENTIRE SHOPPING MALLZ filled with Gameshit, I mean GameStop.

Lamachina
Lamachina

great news, i hope they close the one near me

MoK86
MoK86

shut them all down

MGSFAN612
MGSFAN612

Not surprising the are simply too many of the in one area.


 I have around 10 within a 15-20 minute drive from my house.(no exaggeration in fact I am pretty sure it is closer to 12 stores) There are even two in the same shopping mall...

blueboxdoctor
blueboxdoctor

So what you're saying is I can no longer go to the same store on both the upper and lower levels of my local mall and two shopping centers less than 10 minutes from the mall (one being 5 min if that depending on where you're parked)?  This is a sad day indeed.

hotpugz
hotpugz

If only Gamestop would just die now and independent game shops weren't so rare.

JustPlainLucas
JustPlainLucas

Classic example of overdistention.  They simply have too many stores.  Here in Aurora, CO we have one in the Aurora Mall and a standalone store just a couple minutes away.  

zpluffy
zpluffy

well amazon is just a much funner place to go to

wilson2k9
wilson2k9

Gamestops biggest problem IMO is they missed the boat with old games and dvds. There stores have too much open space for stupid game stations and cardboard signs, or the stupid shelfs stocked up nothing but new coming soon games put in ugly printed up covers. 


Local place I buy games at that is local owned, is the same size as most all Gamestops are. It sells 100s of NES, SNES, Sega, N64, 1000s of dvds, 100s of bluray, 100s of PS1, Gamecube, PS2, XBOX1, and as many used 360 and PS3 games as any Gamestop does. And they get 10x the customers as Gamestop. They also sell all the old consoles and controllers and so much more. Still a good market for the old games. Soon as Funcoland/Gamestop ditched all the old N64, PS1, SNES games it all went south. I can remember in the early 2000s still buying Super Mario Allstars at a Gamestop. 


Gamestop stores now just have too much of nothing, between cardboard signs, game stations of demos no one plays, or whole racks for coming soon games, its just a joke, oh and where the hell is the PC games? No more used XBOX1 games, no Gamecube games. They don't offer much. Oh and the horrid used DVD selection what a JOKE!

And the trade in for game rate doesn't help much either. Nor does it help when they sell used games at the same price you can buy them new on black Friday. Or how about Madden costing around $55 used for a good while, and then you would need to pay an extra $10 to buy the online pass, yeah I bet they sold many of those...

DeViLzzz
DeViLzzz

@donmega1 I guess you don't take advantage of good promos when they have them and don't know how to shop.

gohangeorge
gohangeorge

@megamanfan Yeah, they're opening more stores and buying out a company in France.

They're still closing between 100 and 110 more stores than they're opening, including the GAME buyout. Take that out and it's 180 - 190. Pretty big net loss.

gohangeorge
gohangeorge

@Feedbackula Prolly has something to do with their buyout of various other game stores (EB Games, Babbage's, GameCrazy, etc.) a while back.

dogpigfish
dogpigfish

@hunter8man They'll have to find a real job now. This is good for them, pushing them forward.

megamanfan
megamanfan

@hunter8man I doubt that it's the beginning of the end.  Gamestop is starting to hedge their bets by selling tablets and digital downloads.  Closing stores just means they are trying to be more profitable per store.  For example, Greensboro NC has 6 stores with a population around 260,000.  I can't think of which one they would close, but that seems like a lot.

Zignoff
Zignoff

@Nintyfan95  AHAHAHAHAHAHA, Cheaper games, and higher Production... the exact opposite is going to happen, without any retrade options and no way of testing games, companies can be as cheap as they want in making a product, and no limit to how high they charge as they don't have anything to compete against then.


DeViLzzz
DeViLzzz

@DeFiLeDTitan I just saw a movie rental store open up in our town again and was shocked but delighted as quite frankly going all digital download for everything sucks.

jark888
jark888

@MoK86 Lol. I still like to stroll in their shops.

Dom_Hawk_basic
Dom_Hawk_basic

@JustPlainLucas Don't forget the one in Downtown Denver, and i'm sure there are a few others around.    SO I used to live in Denver and I found Gamestop to be more rare there than they are in Vermont.    So figure Denver has a Metro population of about 3million,    In Vermont there are 4 Gamestops in an entire state of 615,000.   in a half hour driving distance I can get to 5 and maybe the close EBgames in Canada.

Loshead
Loshead

@zpluffy how is amazon a "funner place to go" lol.. maybe a better place to buy but funner you sound silly

hotpugz
hotpugz

@zpluffy Amazon mails me greatest hits versions sometimes which sucks.

DeViLzzz
DeViLzzz

@wilson2k9 Love what you said as an employee of a GameStop here in my town said exactly what you said.  He could not believe they went away from selling classic gaming.

zpluffy
zpluffy

@hotpugz 

I buy used games there. And sell them there in a proper market price too.

Feedbackula
Feedbackula

@pal_080 @hunter8man Well, it's not a great place to work, but there's nothing wrong with GameStop. I'd so much rather shop there for games than Wal-Mart or Target.

pal_080
pal_080

@hunter8man  Why have you got some sort of vendetta against Gamespot stores...?  They're fine, just don't expect to get much value when you trade stuff in.  It's a great place to work so not sure why you think all their ex employees would want to fire bomb it...