GameStop to shutter 100+ stores

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which’s game over for more than 100 GameStop retail locations.

The company announced earlier This specific week which which’s shutting down 2% to 3% of its stores. which means as many as 190 stores could be on the chopping block.

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GameStop (GME) currently operates more than 6,0 stores globally, including 4,400 from the United States. which’s unclear how many domestic stores the Texas-based company plans to close.

The retailer of brand new as well as also used video games has been on shaky ground for a while. Its stock has plummeted more than 31% over the past year.

Related: Rise of Amazon leaves even more retailers in intensive care

On Thursday, the company said its overall sales fell 13.6% last quarter compared to a year prior.

At the core of GameStop’s issues: which’s not selling enough video games.

CEO Paul Raines said in a statement Thursday which “the video game category was weak, particularly from the back half of 2016.”

which’s because the biggest names in gaming — Playstation maker Sony (SNE) as well as also Xbox maker Microsoft (MSFT, Tech30) — haven’t updated their consoles in a while, Raines said. which creates a lag in business for retailers like GameStop.

Bright spots for GameStop include its non-gaming related brands, like Spring Mobile, as well as also its sales of pop culture collectibles, which are sold at GameStop stores. The company said which’s focused on growing those areas as which attempts to turn business around.

Related: A look at Sears through the years

GameStop will be just one name among a long list of brick-as well as also-mortar retailers struggling to compete with e-commerce giants like Amazon. (AMZN, Tech30)

Over the past year, chains including JCPenney, Macy’s (M) as well as also Staples (SPLS) have announced store closures. as well as also earlier This specific week, Sears (SHLD) — which also owns Kmart — said which has “substantial doubt” the company will survive.

CNNMoney (brand new York) First published March 25, 2017: 12:24 PM ET


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