GameStop shuttering 30 New York locations as part of nationwide closures linked to falling sales

Group 1 - GameStop is shutting down approximately 30 stores in New York as part of a nationwide closure affecting at least 470 locations by the end of the month [1][5] - The closures in New York include multiple locations in New York City, with specific stores in the South Bronx and Brooklyn set to close [2][5] - The nationwide shutdowns are part of GameStop's fiscal year-end strategy, with significant closures also occurring in Texas, Florida, Pennsylvania, and California [5] Group 2 - GameStop has closed 590 stores nationwide in the previous fiscal year, leading to over 1,000 total closures in about two years [5][7] - The company, which once operated more than 6,000 stores globally, is expected to have fewer than 2,000 locations remaining after the January closures [7] - In a recent filing, GameStop indicated plans to close additional stores during fiscal 2025 as part of an optimization review [7] Group 3 - GameStop's most recent quarterly earnings report showed a decline in net sales to $821 million from $860 million year-over-year, while net income increased to $77.1 million [10]