Cranberry GameStop Closing on Jan. 30; No Current Plans to Close Clarion Location

Lexis Twentier

Lexis Twentier

Published December 7, 2019 1:00 pm
Cranberry GameStop Closing on Jan. 30; No Current Plans to Close Clarion Location

CRANBERRY, Pa. (EYT) — GameStop, a brick-and-mortar video game retailer founded in 1984, is closing up to 200 stores including its Cranberry Mall location.

GameStop Corp. CFO Jim Bell said the company was “on track to close between 180 and 200 underperforming stores globally by the end of this fiscal year” during Tuesday’s quarterly earnings call.

Employees at GameStop’s Cranberry Mall location were notified Wednesday that the store would be closing on Jan. 30. Workers have been offered positions at other local game stop locations.

At least one employee store employee was offered a severance package.

The store’s manager was unable to comment on the impending closure.

Sources say other local GameStop locations, including stores in Butler, Clarion, DuBois, and Meadville, will remain open — for now.

The company has closed 195 stores in the past year and hundreds more closures could be coming.

“We are applying a more definitive, analytic approach, including profit levels and sales transferability, that we expect will yield a much larger tranche of closures over the coming 12 to 24 months,” Bell said.

GameStop Corp., headquartered in Grapevine, Texas, the world’s largest video game retailer, operates over 5,700 stores across 14 countries.

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