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GameStop Is Planning To Close 200 Stores (GME)

 
waht

User ID: 24118278
United States
11/15/2012 12:26 PM
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GameStop Is Planning To Close 200 Stores (GME)
Gamestop plans to close 200 stores, the company announced on its Q3 earnings call with analysts.

The videogame retailer reported today that sales fell 8.3 percent. CEO J. Paul Raines blamed the drop on “the longevity of the current console cycle and the difficult comparison of major new software titles released during the third quarter of 2012."

While 200 stores is substantial, GameStop still has a huge footprint, with more than 6,000 locations.
It's not the only retailer struggling with the downturn in the video game industry.


Read more: [link to www.businessinsider.com]
Anonymous Coward
User ID: 24182468
United States
11/15/2012 12:40 PM
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Re: GameStop Is Planning To Close 200 Stores (GME)
Gamestop plans to close 200 stores, the company announced on its Q3 earnings call with analysts.

The videogame retailer reported today that sales fell 8.3 percent. CEO J. Paul Raines blamed the drop on “the longevity of the current console cycle and the difficult comparison of major new software titles released during the third quarter of 2012."

While 200 stores is substantial, GameStop still has a huge footprint, with more than 6,000 locations.
It's not the only retailer struggling with the downturn in the video game industry.


Read more: [link to www.businessinsider.com]
 Quoting: waht


Every industry has a different excuse for the decline, no one has the guts to say we are experiencing what was predicted many years ago. If folks have no jobs, or low wage job, those folks can't buy any freakin product or service, and everybody suffers.
Freakin trickle down freakin idiots.
Enjoy your toys now, we can no longer buy you any more of them unless you are in oil, grocery, doctoring, or China.
Anonymous Coward
User ID: 21211135
United States
11/15/2012 12:46 PM
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Re: GameStop Is Planning To Close 200 Stores (GME)
Gamestop plans to close 200 stores, the company announced on its Q3 earnings call with analysts.

The videogame retailer reported today that sales fell 8.3 percent. CEO J. Paul Raines blamed the drop on “the longevity of the current console cycle and the difficult comparison of major new software titles released during the third quarter of 2012."

While 200 stores is substantial, GameStop still has a huge footprint, with more than 6,000 locations.
It's not the only retailer struggling with the downturn in the video game industry.


Read more: [link to www.businessinsider.com]
 Quoting: waht


Every industry has a different excuse for the decline, no one has the guts to say we are experiencing what was predicted many years ago. If folks have no jobs, or low wage job, those folks can't buy any freakin product or service, and everybody suffers.
Freakin trickle down freakin idiots.
Enjoy your toys now, we can no longer buy you any more of them unless you are in oil, grocery, doctoring, or China.
 Quoting: Anonymous Coward 24182468


Thank you!

clappa

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