GameStop to Exit Spanish Market, Sell Locations to GAME

GamestopGameStop intends to exit the Spanish market via the sale of retail locations to specialist video game retailer Game Digital Plc (GAME), in combination with closures of its remaining locations. Under the terms of this proposed agreement, GameStop will transfer ownership of a portfolio of GameStop stores located in Spain, with the remaining retail sites winding down this year.

GAME already has a consumer presence in the country, in addition to its retail operations in the UK. GameStop’s strategic decision to exit the Spanish market was made after a careful review of the market’s financial performance and future opportunities, which indicated that the company would be better served by curtailing its operations in Spain, and focusing its resources in other countries where GameStop has significant market share. GameStop expects to maintain and expand its presence in the other European countries in which it currently operates.

During the coming months, GameStop will work closely with GAME to ensure continued support for GameStop’s customers in Spain. The proposed deal will require Spanish Competition Authority approval, which is expected in October. Financial terms of the deal were not disclosed.

About the author

Phil Guie

Phil Guie

Phil Guie is an associate editor at Adventure Publishing Group. He writes and edits articles for The Toy Book and The Licensing Book. Phil also serves as lead editor for The Toy Book Blog and The Toy Report newsletter, and manages social media for The Toy Book. But of course, Phil’s pride and joy are his weekly reviews for The Toy Insider, in which he writes about video games, movies, and other cool things. His hobbies include comics, baking, fidgeting, and traveling to off-the-beaten places and making new friends.

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