Well, that is really worrying. If the y can't turn the ship around back to profits and can't be bought by someone to get someone else to do it for them, what other options do they have?
Well, it is important to note that Gamestop *is* profitable. Profits have been steadily declining. But, they still are making money. They're not about to disappear tomorrow. They just have to turn the ship around.
It is also notable that they just sold their cell phone business and got $725m of cash. Hopefully, they'll use that money to pay down debt, rather than trying to grow into new categories. If so, they'll likely ensure that the company is around for a good while still, and may have time to shrink the store count, or otherwise evolve. If they use it to try to grow the business into some other loosely related category, they'll likely fail sooner, due to an unsustainable debt load.