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GameStop Will Close 400 Stores By The End Of This Year

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gamesstop closes 400 stores later this year

GameStop Will Close 400 Stores By The End Of This Year – Big loss, GameStop is rumored to be closing 400 stores by the end of 2021. Here are the details!

One of the biggest game retail companies at the moment, GameStop, is currently facing a problem. The reason is, GameStop has announced that it will close 400 stores in 2021. GameStop plans to close as many as 400 stores globally.

Even in 2021, there is a possibility that GameStop will close even more stores. This problem was actually overcome by focusing on increasing digital sales. They also seek to sell game code, Funko Pops and publish several indie games.

The Reason GameStop Closed Its 400 Stores

gamesstop closes 400 stores later this year

Moreover, the presence of the latest generation of consoles actually makes game retailers feel threatened. GameStop revealed that the digital console system implemented by Sony and Microsoft could have an impact on their sales. Both the PlayStation 5 Digital Edition and Xbox Series S will focus on downloading and playing games without cassettes or physical games.

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The decline in the income of retailers or retail stores such as GameStop, was indeed reported due to the COVID-19 pandemic. This keeps people from leaving their homes to buy games or other gaming equipment. Because of this, game companies present their games on online stores so that players don’t have to leave the house. Like one of them Nintendo is currently intensively in its Nintendo eShop.

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The impact of COVID-19 has also had a major impact on the gaming industry. The reason GameStop closed its 400 stores was not only a drop in sales, but they also just laid off a lot of employees. In addition, many companies such as game developers also have to work from home which causes many games to end up being delayed. In fact, many game events are forced to be held online or live stream.

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