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Sadly, whenever we report on GameStop these days, it doesn’t tend to be all that positive. Such is the case today as we’ve learned that hundreds of brick-and-mortar GameStop locations are being shuttered all across the United States. Reports allege as many as 390 to 400 stores have gone the way of the dodo.
GameStop has been no stranger to store closures, but this is a notably aggressive wave of shutterings if the reports are true. What’s more, these closures coincide with a $35 million incentive being offered to CEO Ryan Cohen to increase the company’s market cap by 950 percent. With a current worth of $9.52 billion, GameStop… clearly has a ways to go. However, it does leave one to wonder if these closures are at least partly an effort to get Cohen closer to his $35 million prize.
Regardless of the motivations, these closures are sadly just part of an ongoing downward trajectory for GameStop, the last remaining bastion of retail dedicated to selling video games.
Source: GamesIndustry.biz
