GameS­top clos­ing at least 150 stores.

The Denver Post - - BUSINESS -

Video game chain GameS­top Corp., hit hard by a shift to dig­i­tal down­loads, plans to close at least 150 stores this year and ex­pand nongam­ing busi­nesses.

Sales and earn­ings fell by dou­ble dig­its in the lat­est pe­riod, and the GameS­top brand lost some mar­ket share dur­ing the hol­i­day sea­son due to dis­counts

Mean­while, col­lectibles—one of GameS­top’s suc­cess sto­ries that is ex­pected to be­come a $1 bil­lion an­nual busi­ness by the end of 2019—saw sales surge 59.5 per­cent in the year that just ended and are pro­jected to in­crease an­other 30 per­cent to 40 per­cent this year.

GameS­top had 86 col­lectible stores as of Jan. 28 and plans to open an ad­di­tional 35 such stores this year. Den­ver Post wire ser­vices

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