Last year saw GameStop permanently shutter 321 of its brick and mortar stores. This year, the company ?plans to meet or exceed? the same number of store closures. The retailer shared the news in an earnings release yesterday, noting that it currently has 5,500 shops in operation. A new round of store closures furthers GameStop?s efforts to ?de-densify? its global business.
The earnings update also provided details on GameStop?s Q4 profits. Despite a 28 percent drop in sales overall, the company did manage to turn a net profit in the fourth quarter. In addition, though the coronavirus pandemic has led to temporary store closures, GameStop did experience a 2 percent increase in store sales throughout the month of March.

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