GameStop closing 250 stores, opening 60-70 in 2013

Retail giant GameStop will be closing approximately 250 stores in 2013, but will be opening 60-70 new ones during the same period. This is part of an apparent consolidation effort, to close locations that have grown unprofitable or only marginally profitable, while funneling customers toward other nearby locations.

The word of closures came from CFO Rob Lloyd during recent comments at the Goldman Sachs Technology and Internet Conference (via Polygon). Of the closures, 200 will be in the United States while the rest will be in the international market. 200 locations may seem like a large number, but keep in mind the company boasts nearly 4,500 in the United States alone. GameStop is also angling to purchase 40 former "Game" locations in France.