Tag Archives: GameStop

Gamestop Tells Workers To Come In Even If The Law Says Don’t, Promptly Slandered

GameStop To Close 200 Of Its Stores

Source: Spencer Platt / Getty

While the globe is reeling from the Coronavirus pandemic, numerous retailers, restaurants and businesses of all sizes have made the hard, but prudent decision to tell workers to stay home for their own safety. But not Gamestop.

The video game retailer reportedly told its employees to come. Even worse, it demanded its worked report for duty even if the authorities essentially deemed doing so as illegal.

Vice reports that Gamestop employees were sent a memo, and it’s all bad.

Says Vice:

GameStop has informed employees that if local authorities attempt to shut down their store in states with orders to close establishments deemed “non-essential,” they are to inform law enforcement that the company believes they should be “classified as essential retail and therefore is able to remain open during this time.” The instructions came with a flyer to hand over to law enforcement, and includes the phone number for GameStop’s corporate office.

Bruh.

The note itself is all the struggle.

“Due to the products we carry that enable and enhance our customers’ experience in working from home,” says the memo, per Vice. “we believe GameStop is classified as essential retail and therefore is able to remain open during this time. We have received reports of local authorities visiting stores in an attempt to enforce closure despite our classification. Store managers are approved to provide the document linked below to law enforcement as needed.”

Essential retail? The same GameStop that is always rumored to be on life support?

This shouldn’t come as a surprise since GameStop has reportedly done the least when it comes to their employees in lieu of the Coronavirus pandemic.

Peep some of the well-deserved slander below.

Source: HipHopWired.com

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Beginning of The End?: GameStop Announces It Will Close Up To 200 Stores

GameStop Announces It Will Be Closing 200 Store Locations

Source: SOPA Images / Getty

Gamestop is serious trouble financially and to combat its money woes, the company announced it will be closing up to 200 stores around the world before the end of the year.

It was just two months ago GameStop announced it would be revamping its stores in hopes it would lure more shoppers, but it looks like that plan was a dub. The company revealed plans it will be shuttering somewhere between 180 and 200 GameStop locations across the globe for good with more store closings on the horizon for the struggling video game retailer.

The company revealed that it’s quarter global sales were down 14.3 percent, translating into a net loss of $32 million. James Bell, GameStop’s CFO revealed during the company’s earnings call that up to 200 “underperforming”  before the end of the year. He also added:

“While these closures were more opportunistic, 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.”

GameStop hoped it’s an ambitious idea to team up with designers at R/GA to renovate stores to give them a “place in the video gaming culture” would work. The proposed concept stores were supposed to have layouts that would appeal to gamers by giving them new ways to try games before buying them. They also suggested building shops that would focus on retro games and hardware and host Esports competitions in the stores with local teams.

Looks likes that didn’t solve what ails GameStop, and it’s not looking good for the company for the foreseeable future. With gamers now opting to go digital and the current console generation reaching its end, the well-known company looks like it might be dying a slow death. This could also be karma for the company for ripping us off with those lame trade-in values as well. Bell’s outlook for his company is currently bleak. He also added GameStop expecting it’s year-over-year sales to take a hit for the next three to four quarters.

Photo: SOPA Images / Getty

Source: HipHopWired.com

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