GameStop plans to close another 300 stores this year

This can't be good. What you need to know GameStop is having a hard time sustaining its business lately. This is due to the rise in digital distribution. GameStop is planning to close another 300 stores this year. This strategy is called "de-densifying" and the company hopes will turn its fortunes around. It seems like GameStop still hasn't been able to turn its business around and in a recent earnings call, said that it was going to shut down another 300 stores this year. According to a report by Comic Book, the company closed 321 stores last fiscal year but it still has 5,500 locations. That's more than what many clothing retailers have if you wanted a comparison. The outlet said the following about the situation. GameStop has announced that it will be closing over 300 stores this year as part of its ongoing effort to 'de-densify.' The news comes way of GameStop's newest earnings call, which also featured a comment from the retailer about a possible PlayStation 5 (PS...
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