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Image: GameStop
Despite miraculously turning a Q4 profit, GameStop will be shuttering hundreds of its retail stores throughout the world in 2020. The plan was announced during the company’s fourth quarter 2019 earnings call today by Executive Vice President and Chief Financial Officer Jim Bell.
“We continue to focus on optimizing our global store fleet in fiscal 2019 and closed a net total of 321 stores inclusive of 333 closings and 12 openings,” said Bell. “In fiscal 2020, we will continue in our efforts to de-densify our store base, focused on maximizing product productivity of the entire fleet.”
“In 2020, we will continue our work to...
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