GameStop, a video game and consumer electronics retailer, will close at least 150 stores after reporting another year of declined sales.
The Texas-based company released its report of sales and earnings for 2017 last week, and projected a grim 2017 for some stores. In the fourth quarter of last year, total global sales decreased nearly 14 percent, and new hardware sales declined 29 percent.
» STORE CLOSURES: 9 retailers closing stores nationwide this year
A spokesperson told Fortune that non-produce store would close sometime in 2017, however specific locations were not announced. That’s about 2 to 3 percent of the retailers total amount of stores. GameStop operates 7,500 stores across 14 countries.
FIVE FAST BUSINESS READS
Thank you for reading the Dayton Daily News and for supporting local journalism. Subscribers: log in for access to your daily ePaper and premium newsletters.
Thank you for supporting in-depth local journalism with your subscription to the Dayton Daily News. Get more news when you want it with email newsletters just for subscribers. Sign up here.