I know this barely seems worth reviving but:
http://www.examiner.com/article/gamestop-closing-stores-hundreds-of-locations-shutting-down-2013
This article seems to be doing the round on reddit at the moment (despite it being nearly a week old).
It at least clarifies one of my questions which was "How many stores does Gamestop have?" 4,400 apparently, so closing 400-600 of them - while big in normal terms - at least doesn't seem particularly fatal.
From the reddit comments, seems to be the same problem GAME suffered from in this country - far too many stores and too many cases of multiple stores within walking distance of each other. I know that in my (miniscule) home town there was a GAME & Gamestation within 2 minutes of each other, and in Manchester there were 3 stores in the Arndale in the GAME brand (they opened a 4th one just outside for a while too, which seemed absurd).
So trimming the un-necessary fat doesn't seem too bad.
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