Things aren’t looking great for the most notorious specialty gaming retailer in the US. Following an underperforming financial quarter that saw an overall net loss, a recent GameStop earnings call announced that the corporation would be shuttering between 180 and 200 underperforming stores globally this year, with more to potentially come, GamesIndustry reports.
This continues a decline seen with the retail giant in recent months, including a gutting of Game Informer staff and generally lower sales. The lull is expected to continue for a while longer, as the end of the console generation is traditionally a struggling time for the company — a rebound would be expected with the launch of the next generation.
While some may feel a bit of schadenfreude at seeing the somewhat unpopular retailer struggle, it’s important to note that a lot of working-class people will lose their jobs as a result of this decision. We hope that all who are affected find new occupations swiftly and without trouble.
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