After a disappointing fourth quarter, video game retailer GameStop said it plans to close more than 150 of its 7,500 stores.
Texas-based GameStop has about 120 stores in North Carolina and 16 in the Charlotte area, according to its website. It’s unclear whether any area stores will close – the company has not yet released a list of affected locations.
GameStop is the latest retailer to trim its store footprint as a cost-saving effort. In the Charlotte area, Wet Seal, Wal-Mart, J.C. Penney, Hollister and Macy’s are all among the companies that have closed stores here over the last year.
In a statement, GameStop, which sells video games, consoles and accessories, reported that global sales decreased 13.6 percent to $3.05 billion for the fourth quarter. It saw sales of both hardware and software drop.
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The bright spots for the company were sales of its technology and collectibles brands. It operates 1,522 AT&T, Cricket Wireless and Simply Mac (an authorized Apple reseller) stores. Those stores saw sales increase 44 percent to $256 million. The Raleigh News & Observer contributed.