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GameStop to Close At Least Another 320 Stores

In their latest conference call, GameStop executive vice president and CFO Jim Bell revealed that the company will be closing at least another 320 stores by the end of the year. Stating:

“[We] anticipate store closures to be equal to or more than 320 net closures we saw in fiscal 2019 on a global basis.”

“Importantly, we want to emphasise that these store closures are a very specific and proactive part of our de-densification plan and they are not related to recent business trends.”

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