So, here’s the deal: GameStop, the globally known retailer, is pulling out of Germany. All 69 stores we know of are set to close, and unfortunately, the employees will be let go.
This news comes hot on the heels of another update from Italy. Over there, GameStop is selling off its stores to Cidiverte SpA, officially signed off on November 8, 2024, under Notary Marco Ferrari in Milan (Repertoire No. 10186/5366).
In Germany, all stores are expected to shut down by the end of February 2025.
But what’s really going on here? Are stores in the US also getting the axe? From what we’ve heard, yes, some US locations are closing too. The exact number isn’t clear yet, though.
GameStop: Why Are They Making Such Drastic Moves?
The root cause of GameStop’s struggles lies in how the gaming market has changed. Back in the day, physical media like CDs and DVDs ruled the scene. But now? It’s all about digital downloads and cloud gaming. Gamers are buying their games directly through platforms like Steam, the PlayStation Store, or Xbox Live, making brick-and-mortar game stores way less relevant.
The facts:
- Over 80% of global game sales are now digital.
- Even gaming accessories and consoles—GameStop’s bread and butter—are increasingly being ordered online.
This massive shift has completely shaken up GameStop’s business model, which relied heavily on selling physical products for decades. They’re now struggling to stay afloat in a world that’s rapidly moving beyond physical retail.
We’ll keep you updated on all the latest developments with GameStop!
Source: GamesMarkt