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GameStop plans to close 250 outlets

New stores to open; former GAME shops acquired

GameStop will close 250 stores in 2013, according to statements made by CFO Rob Lloyd at a conference today.

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Speaking at the Goldman Sachs Technology and Internet Conference in California, Lloyd said that while 250 existing GameStop stores will shut during 2013, an additional 60-70 stores will open.

Meanwhile, the company has acquired 40 closed GAME stores in France. Overall, the retailer's physical retail presence will shrink by 2 per cent this year.

In other GameStop news, GameStop's head of digital ventures Chris Petrovic resigned from his role earlier this week. In a statement, Pretrovic said "I am extremely proud of what we were able to accomplish since I joined. This includes growing digital revenues from below $100m when I joined to over $600m in 2012 through a combination of new product/business development, acquisitions and strategic investments."

GameStop's share price has been in flux recently due to reports that next-gen consoles will block secondhand games. A spokesperson told Edge that "the desire to purchase a next-generation console would be significantly diminished if new consoles were to prohibit playing pre-owned games."

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