GameStop Closing 120 Stores

GameStop CEO Paul Raines gave a presentation at GameStop’s 2014 Investor Day, and revealed some plans for GameStop 3.0, “a new phase of the company’s lifespan that will see it aggressively expand its footprint into gaming-adjacent tech fields.” Gamestop planning to close 120 game stores while doubling number of Spring Mobile, Simply Mac locations in current fiscal year.

In the current fiscal year, GameStop plans to open between 200 and 250 Spring Mobile stores, more than doubling the 164 locations it had last year. Simply Mac will see another 20-25 stores added in markets underserved by Apple’s own retail chain, bolstering its 23 existing stores. Meanwhile, GameStop is expecting to add another 100 to 150 Cricket locations to the 31 it was running at the end of its last fiscal year, potentially quintupling its footprint in the pre-paid wireless market. Between all its stores, Raines said GameStop is already the third-largest and fastest-growing AT&T retailer in the US. Source Gamesindustry.biz