It's game over for at least 150 GameStop stores. The retailer has announced that it's shutting down 2 to 3 percent of 7,500 shops across the globe after sales and earning plummeted last year. According to The Wall Street Journal, the company was affected by the shift to digital downloads. More and more people now prefer installing their games straight from their console's online store instead of buying physical copies, that GameStop's sales dropped 14 percent in 2016. It did especially bad this past holiday season when its sales dipped 19 percent. As a result, its fourth-quarter profits fell 16 percent and its shares went down by about 12 percent, as well.
Source: The Wall Street Journal
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