GameStop Plans to Close 200 Money-Losing Outlets
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GameStop Corp. the world’s largest video-game retailer, plans to close 200 stores by next year, saying about 3 percent of its outlets worldwide lose money.
The closings, announced on a conference call, follow the Grapevine, Texas-based company’s report today of better-than-expected third-quarter results, excluding an impairment charge. The company also forecast fourth-quarter profit that was in line with analysts’ estimates.