STORE CLOSURES: GameStop to close 150 stores

GameStop, a video game and cosumer 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

• Honda supplier to add 85 jobs, invest $55M in Springfield plant

• EF Hutton borrows $3M against prominent downtown Springfield building

• Ohio adds 15K jobs in February

• Gander Mountain closing 32 stores; here's the list

• Upper Valley Mall movie theater closes after decades

Kara Driscoll DDN

In Other News

2 Springfield firefighters to get state honor for actions to save child...

Clark County Minority Health Fair to address healthcare gaps

What’s happening this weekend: Markets, open houses and more

EF0 tornado confirmed in Champaign County

Greenon’s mock crash ‘deeply influenced the students’

About the Author

Kara Driscoll