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GameStop is closing about 30 stores in New York as part of a nationwide shuttering that will impact at least 470 locations by the end of the month, according to an online compilation of the closures.
The closures in the Empire State impact stores across the state, including in New York City, Long Island, Westchester and the Hudson Valley, affecting malls and independent locations.
Several stores in New York City are expected to close their doors. A store in the South Bronx has already closed, while Brooklyn locations in Bensonhurst, Brownsville and downtown will close later this month.
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GameStop is closing about 30 stores in New York as part of a nationwide shuttering. (Shelby Knowles/Bloomberg via Getty Images/Getty Images)
The closures in New York are part of a massive store closure as GameStop closes out its fiscal year, which ends Jan. 31.
Stores in 43 states will close by the end of the month. Other states with significant closures include Texas, Florida, Pennsylvania and California.
The closures come after 590 store closures nationwide during the previous fiscal year, meaning GameStop will have closed more than 1,000 locations in about two years.
Stores in 43 states will close by the end of the month. (Shelby Knowles/Bloomberg via Getty Images/Getty Images)
After operating more than 6,000 stores worldwide at its peak, GameStop is expected to have fewer than 2,000 locations left after the closures in January.
In a December filing with the Securities and Exchange Commission, GameStop said it would close a significant number of additional stores in fiscal 2025 as part of an optimization study.
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Other states with significant closures include Texas, Florida, Pennsylvania and California. (Gabby Jones/Bloomberg via Getty Images/Getty Images)
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According to the company’s most recent quarterly earnings report published in December, net sales fell to $821 million from $860 million a year earlier, while net profit rose to $77.1 million.
