GameStop has announced that it is preparing to close 250 stores. The retail chain says that only 50 of the closed stores will be outside of the US. GameStop CFO Rob Lloyd says that the stores which will be closing as those that are unprofitable and those that are marginally profitable stores, mainly in areas with an alternate GameStop store nearby. He announced that the firm will be opening around sixty to seventy new stores. They’ve also got the acquisition of 40 stores in France from the European retailer GAME.