GameStop plans to close over 100 stores

FILE - This Aug. 28, 2013, file photo shows signage at GameStop Vegas 2013, in Las Vegas. (Photo by Al Powers/Invision/AP, File)

GRAPEVINE, TX (KXRM) — GameStop has announced it is shutting down 2 to 3 percent of its stores – around 150 – this year due to declining sales in games and hardware.

According to CNN, stock has fallen more than 31 percent over the past year and overall sales fell 13.6 percent last quarter compared to a year before.

GameStop CEO Paul Raines said in a statement Thursday:

“… The video game category was weak, particularly in the back half of 2016, as the console cycle ages. Looking at 2017, Technology Brands and Collectibles are expected to generate another year of strong growth, and new hardware innovation in the video game category looks promising.”

Raines pointed to digital sales as a reason for why video game and console sales have slowed for the Texas-based company, which currently operates over 6,000 stores globally.

It is not known at this time which stores will close or when the closures will happen. GameStop operates several dozen stores in the central Ohio area. provides commenting to allow for constructive discussion on the stories we cover. In order to comment here, you acknowledge you have read and agreed to our Terms of Service. Commenters who violate these terms, including use of vulgar language or racial slurs, will be banned. Please be respectful of the opinions of others and keep the conversation on topic and civil. If you see an inappropriate comment, please flag it for our moderators to review.

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