, game Stop is temporarily closing all its US-based retail locations and moving to “delivery only” starting on March 22nd, the company announced today.
Some authors claimed these are the typical hours of operation, though the exact times can vary from location to location. Most Gamestop store open at 10 AM and close at 9 PM Monday through Saturday . Gamestop stores usually have reduced opening hours on Sundays.
Is GameStop closing more stores?
Here’s what you need to know New York (CNN Business) Game. Stop is closing about 100 more stores than it originally planned, with the struggling retailer warning of more closures next year.
Though stores will be closed to customers, Game. Stop will process orders on a digital only basis, moving to curbside pick-up at stores and delivery .
So, why is GameStop’s sales declining?
The company’s sales have been steadily decreasing for several years., game Stop has adapted slowly to changing consumer behavior . The bulk of its business is buying and selling physical copies of games, a troubling business model when digital sales are expanding.
Why did GameStop’s sales rebound in November?
, game Stop overcame pandemic-necessitated store closures across Europe to post a sharp sales rebound in November, with comparable-store sales jumping 17% thanks to robust demand for the new consoles.
Yet another inquiry we ran across in our research was “Why is GameStop stock down 10%?”.
That sent shares down more than 10% in premarket trading . Its dismal 2020 follows an equally rough 2019, when it was stung by falling sales of physical video games, one of the company’s mainstays., game Stop currently has 5,122 stores worldwide — 600 fewer than it did it last year.
All retail bankruptcies are not the same . Here’s what you need to know New York (CNN Business) Game. Stop is closing about 100 more stores than it originally planned, with the struggling retailer warning of more closures next year.
When George E. Sherman was appointed as Game. Stop’s new CEO in April 2019, he was keen to avoid a similar fate. He embarked on a two-fold strategy: cost reduction in the old brick-and-mortar business and expansion of the digital platform.
Can gamestop turn around?
, game Stop has a plan to turn thing around , and now the retailer has shared more details. During an earnings call on September 10, Game. Stop shared more details on what it called the “Game. Stop Reboot” initiative.
A frequent query we ran across in our research was “How do I find a GameStop near me?”.
The most usefull answer is, this will take you to Game. Stop’s official page to find a Game, and stop store. You can allow Game. Stop to automatically pinpoint your location or manually fill in your city, state or zip code to search for stores. Once you have done so, you will find a list of stores nearby .
Is GameStop right or wrong to invest in digital?
While this was driven by the pandemic, it is likely to mark a long-term trend., game Stop is a mass-market player with a reputation for good deals. Taking these two things together, a concentration on brick-and-mortar is not the most promising option either., game Stop is right to invest in digital but wrong to cut cost in brick-and-mortar.
Can GameStop’s digital transformation accelerate its journey towards digital?
As the company decreased its store base by 11%, comparable store sales increased by 4.8% and e-commerce sales by 309%. With the addition of Chewy founder Ryan Cohen and two of his associates to Game. Stop ’s board we can expect the acceleration of the journey towards digital.