Paul Raines, CEO of GameStop, said that the company will herald in a new age, opening more Spring Mobile Stores, and at the same time scaling back it's Gaming operations by 120 or more stores.
GameStop's 2014 Investor's Day brought in some shocking news, as reported by GamesIndustry.biz. shocking news for gamers around the world who shop at GameStop or work for them. According to Paul Raines, the company's CEO, GameStop will be entering a new era, pursuing the Mobile and Apple Device areas and retracting some of it's Gaming budget. They plan to open over 200 Spring Mobile stores, and 100-150 Cricket Stores, bolstering the numbers in this field. But these new stores of course, will decrease the regular Gaming stores, scaling them back by 120-130. While this could add more jobs, many will be unemployed now that GameStop has announced the loss of so many regular shops.
Do you think this news could bring upon harsh consequences for the company, or might it help the company in more ways than it will hurt? Let me know below, thanks for the read!