EB Games, a subsidiary of Gamestop, farm 19 unprofitable stores in Australia

Gamestop announced that its subsidiary of EB Games would close 19 stores out of 300 in Australia by the end of January.

The video game retailer explained in a statement to Kotaku Australia that they "constantly evaluated [their] real estate portfolio" to ensure that the stores follow the "changing landscape of retail". Thanks to this, EB Games realized that the 19 stores in question were "unprofitable", but would give staff the possibility to move on to the surrounding shops.

Despite these news, EB Games also stated that 2020 would see the opening of larger new stores, which will combine EB Games and Zing Pop Culture together. Hybrid stores would be supported by "the omnicanal offer" and "6 million loyalty", which would maintain the status of EB Games as the largest specialized retailer of Australia.

A complete list includes:

• BIRKENHEAD POINT EB GAMES NSW 2047
• Blacktown EB Games NSW 2148
• BriBie Island EB Games QLD 4507
• Brickworks Marketplace EB Games SA 5031
• City Cross EB Games SA 5000

• CLEVELAND EB GAMES QLD 4163
• Dandenong EB Games VIC 3175
• Dianella EB Games WA 6059
• Hallet Cove Eb Games SA 5158
• Hamilton EB Games Vic 3300

* HARBOURTOWN ADELAIDE EB GAMES SA 5950 * INALA EB GAMES QLD 4077 * Inverell EB Games NSW 236 * Kalamunda EB Games WA 6076 * LUTWYCHE EB GAMES QLD 4030 * Majura Park EB Games Act 2609 * Rockdale EB Games NSW 2216 * Underwood EB Games QLD 4119 * Winston Hills EB Games NSW 215

Closed stores include those in the Australian capital, New South Wales, Victoria, Queensland, South Australia and Western Australia. Some of these stores, including Blacktown in New South Wales and Docklands in Victoria, are department stores.

All stores on the list are the subject of a stock of stocks, with discounts from 20 to 60%. This news intervenes after Gamestop announced a decline in its revenues by 24.7% in the third quarter of 2019, the CEO of Gamestop, George Sherman, describing only the release of the next generation consoles as a possibility of growth.