GameStop to Close 120 Stores, Targeting Mobile

<p>It looks like the retail giant Gamestop will be moving more into the mobile space&period; Paul Raines the CEO of GameStop told investors about future plans and their new initiative called GameStop 3&period;0&period;<&sol;p>&NewLine;<p>GameStop has made it no secret that they want to aggressively pursue and expand into the mobile space&comma; particularity Apples&period;<&sol;p>&NewLine;<blockquote><p> &&num;8220&semi;&&num;8230&semi;a new phase of the company&&num;8217&semi;s lifespan that will see it aggressively expand its footprint into gaming-adjacent tech fields&comma;&&num;8221&semi; &&num;8211&semi; GameStop CEO&period;<&sol;p><&sol;blockquote>&NewLine;<p>As a result of this new initiative GameStop plans to shut down around 120 stores&period; As of now GameStop has near 6&comma;500 stores world-wide&period; Aside from mobile&comma; GameStop sees the new consoles as an enormous success and expects the consoles to generate around &dollar;18 billion by the end of 2015&period;<&sol;p>&NewLine;<p>Via <a href&equals;"http&colon;&sol;&sol;www&period;gamesindustry&period;biz&sol;articles&sol;2014-04-23-gamestop-3-0-pushing-company-beyond-games">Gamesindustry<&sol;a>&comma; <a href&equals;"http&colon;&sol;&sol;www&period;ign&period;com&sol;articles&sol;2014&sol;04&sol;24&sol;gamestop-closing-120-stores-focusing-on-mobile">IGN<&sol;a><&sol;p>&NewLine;