GameStop
GameStop was closing some stores close to each other since it did not help them increase their sales. According to Jim Bell, the chief financial officer, “In 2020, we will continue our work to de-densify our global store fleet.” The retailer announced that they had a 19.4% decline in sales last year. There was also an issue that they opened their store during the pandemic since they were “essential.”
GameStop
Stein Mart
Many retailers closed because of the pandemic, and another example was Stein Mart. The company was established in 1908, but it previously filed for bankruptcy. The company stated, “a significant portion, if not all, of its brick-and-mortar stores.” We could buy what we need or wants in Stein Mart, but the COVID-19 affected their sales. Eight thousand six hundred people lose their job in the process.
Stein Mart
