52 GameStop Stores Close in Three Months

GameStop has announced that it has shuttered 52 stores over the last quarter leaving the chain with 6,505 outlets worldwide.

"We ended the quarter with 6,505 stores," Rob Lloyd, GameStop's chief financial officer, commented. "We opened seven and closed 46 in the U.S., and opened six and closed six internationally. We still expect to reduce our store base by about two percent this year."

The world's largest game retailer announced that it would be closing 250 stores this year in February; representing two per cent of the company. 

Despite the closures GameStop expects to see "the largest console launch in history" this November with the release of the Xbox One and the PS4. 

The chain is said to have increased its launch capacity by as much as 60 per cent over the PS3 and Xbox 360 and will have a "significant increase" in launch quantities over current generation consoles. 

Source: GameSpot.