GameStop sees its future in mobile and Apple stores

gamestop sees mobile apple future

Video game retailer GameStop has revealed a new strategy that will see it shutter dozens of gaming retail stores while simultaneously opening hundreds of new stores dedicated to Apple and smartphone/tablet sales, according to GI.biz. The news came from GameStop CEO Paul Raines, who dubbed the new plan “GameStop 3.0.”

At GameStop’s annual Investor Day, Raines announced plans to close around 120 to 130 of the 6,457 gaming retail locations worldwide, throughout the current fiscal year. In Fiscal Year 2013, GameStop recorded total global sales of $9.04 billion, up 1.7-percent from 2012. That was partly fueled by the successful launches of the PlayStation 4 and Xbox One, which increased new video game hardware sales by 29.7-percent over the previous year, but mobile also saw a huge increase.

GameStop began selling digital and mobile products three years ago, and in 2013 both product types combined to surpass $1 billion in revenue. With that success in the books, it’s planning to further expand in that direction, and the company has plans on opening hundreds of new, non-gaming specific stores around the world, beginning in the United States.

After purchasing the AT&T wireless retailer Spring Mobile and its 150+ stores in November 2013, GameStop now plans to open between 200 and 250 new Spring Mobile locations around the United States throughout the current fiscal year. GameStop also currently operates 31 Cricket stores around the country, and is looking to add 100 to 150 new locations. According to Raines, GameStop is already the third largest – and fastest growing – AT&T retailer in the country.

GameStop will also increase its presence in the Apple retail world. The company currently operates 23 Simply Mac retail stores in the U.S. that specialize in selling, repairing, and training for all things Apple. Within the next year, GameStop will open another 20-25 stores nationally.

Paul Raines says that he and GameStop’s executives are looking to companies like kitchen equipment retailer Williams-Sonoma and underwear maker VF Corporation. Both organizations expanded beyond their original market and purchased companies operating in unrelated fields, extending their interests far beyond their original footprint.

We reached out to GameStop for comment, but did not hear back as of the time of this article’s publication.

Smart Home

Amazon may be close to opening its first cashier-free store outside U.S.

Amazon could be on the verge of opening its first cashier-free store outside of the U.S. after a recent report claimed the company has secured retail space for a location in central London.
Gaming

Razer Game Store to shut down at end of February, less than a year after opening

The Razer Game Store will shut down on February 28, less than a year after it opened. Games purchased from the digital store will continue to work, but purchased keys will need to be used before its closure.
Gaming

These are the must-have games that every Xbox One owner needs

More than four years into its life span, Microsoft's latest console is finally coming into its own. From Cuphead to Halo 5, the best Xbox One games offer something for players of every type.
Business

Apple loses battle to use Intel modems in Germany in latest clash with Qualcomm

Apple is following the Federal Trade Commission's lead and has sued Qualcomm for a massive $1 billion in the U.S., $145 million in China, and also in the U.K., claiming the company charged onerous royalties for its patented tech.
Gaming

Among hundreds of choices, these are the best 25 SNES games of all time

The Super Nintendo Entertainment System might be the greatest game console ever made, but what are the best titles for the system? Here are our picks for the best SNES games.
Gaming

Scalebound could be revived for Switch following Xbox One cancellation

Microsoft canceled the Xbox One and PC exclusive Scalebound more than two years ago, but a new report claims Scalebound could have found a new home as an exclusive on Nintendo Switch.
Product Review

Anthem shows a glimmer of brilliance that's quickly dampened by its grind

Anthem is an online shooter from BioWare that’s already proven to have a stunning open-world with action-packed combat that distinguishes itself with its story, characters, and lore. But will it continue to invest in those things as we…
Gaming

Clear up some space on your Xbox One hard drive for the latest games

Removing and reinstalling games on the Xbox One's hard drive isn't difficult, but it's a process that not everyone is familiar with. Thankfully, our guide will run you through each step.
Gaming

Here’s everything we know about the zombie-infested, survival horror Days Gone

Days Gone, the first PS4 title from Sony's Bend Studio, looks to offer a different type of zombie game. Here's everything we know about the forthcoming title, from the setting to its gameplay.
Gaming

From the beta to dark zones, here's everything we know about The Division 2

The Division 2, the sequel to Ubisoft's most successful new franchise, arrives on PS4, Xbox One, and PC on March 15. The Division 2 has a new setting, interesting new systems, and much more. Here's everything we know about The Division 2.
Gaming

Path of Exile’s Synthesis expansion arrives in March, brings new way to progress

Grinding Gear Games announced Synthesis, the newest expansion to online action-RPG Path of Exile. The expansion adds a new map meta-game, new items, and balance changes that improve the lives of wizards.
Gaming

Want to share your Xbox One games with a friend? Here's how to do it

Sharing games on modern consoles is possible, but it takes a few steps. Here's how to start sharing games on your Xbox One console, so friends and family can easily access your library.
Computing

Here's what you need to play games and watch movies in 4K on your PC

4K display tech is now cheaper than ever, but there's more to running stuff at such a high display resolution than just handing over the dough for a 4K-equipped display. Here's what you need to run 4K.
Computing

Between Intel and AMD, these are the best gaming CPUs at every price

What are the best processors for gaming you can buy? You don't need to spend a fortune to get an amazing gaming CPU and now that AMD is competitive again, there are more choices than ever.