christiesplits
Senior Member
I’ve never seen Staples so busy. Huge crowds by the laptops for parents who are anxious to get their kids ready for school.
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GameStop/EB Games is selling platinum memberships for $9.99 per year, which grants members 10% off almost anything in the store. It would pay for itself just from buying only two new AAA games.GameStop to close up to 450 stores this year
Sept 10, 2020
Dive Brief:
- GameStop plans to close 400 to 450 stores globally this fiscal year, CFO Jim Bell told analysts Wednesday, according to a Seeking Alpha transcript. That represents more than 100 additional closures for the year previously indicated by executives.
- The year's total includes a net closure of 206 stores in the second quarter, which left GameStop with a footprint 10% smaller compared to Q2 2019. Those store closures contributed to a 26.7% drop in net sales, to $942 million, during Q2, according to a press release.
- GameStop said that 40% of closed store sales were "recaptured" through online sales and nearby physical stores, which in turn led to improved cash flow. Globally, digital sales surged by 800% in Q2, according to the company.
GameStop to close up to 450 stores this year
Executives with the gaming retailer accelerated plans to lower their footprint density after seeing strong results from earlier closures.www.retaildive.com
Thanks for the clarifications.Where did you see Platinum for $9.99?
The welcome coupon is for $10 at the platinum level.
Also, the discount does not apply to new AAA game titles, only recycled versions.
Gamestop does appear to be moving towards hosting events in their stores, but it isn't making its way into EB Games Canada anytime soon.
I also wouldn't expect a lot of the additional global closures to be here in Canada, it's one of the better performing international units in the portfolio.
Damn. That was always part of every NYC trip for me.Century 21 (NYC based discount department store with 13 locations) to close. The downtown Manhattan location was a major tourist destination.
Bloomberg - Are you a robot?
www.bloomberg.com
There's still plenty of other NYC-exclusive shopping meccas available that survive the apocalypse for now.Damn. That was always part of every NYC trip for me.