Have you seen store clearance signs go up in your local GameStop? Signs have popped up in at least four stores in the Garden State this month on top of the news of Gamestop closing 1000 stores by the end of the fiscal year.
- 141 – Cherry Hill, NJ – Cherry Hill Mall, 2000 Cherry Hill Mall #1036
- 1614 – Hackensack, NJ – Summit Plaza, 380 W. Pleasantview Ave.
- 4087 – Paramus, NJ – Paramus Park Mall, 1370 Paramus Park
- 1461 – Woodbridge, NJ – Woodbridge Center, 250 Woodbridge Center Dr. #2640
Attributing losses to when Microsoft’s XBOX and Sony’s PlayStation both started offering online game purchases and downloads via consoles and not requiring visits to physical stores. Gamestop has been fighting declining sales quarter after quarter and have continued to lessen their losses but with all the issues this year, it’s hard for anyone to keep so many physical stores up and running.
A recently updated list of GameStop locations that have been tagged as closing can be found here: Gamestop Closing List: December 2020 – January 2021 Closings (Updating Regularly) (gsclosing.blogspot.com)
More information on GameStop’s path to righting itself, and what landed them in this position can be found here: This Legendary Chain Is Closing Over 1,000 Stores by March (bestlifeonline.com)