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Game Crazy Closing 200 Stores

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Retailer Game Crazy is going to close 200 stores out of the roughly 680 in its chain in the next month.

Joystiq has learned that retailer Game Crazy plans to close 200 of its approximately 680 locations at the end of October. Sources working at Game Crazy stores attached to Hollywood Video locations have told us that the movie rental chain will remain open after their stores' closures.

Game Crazy's official statement on the matter: "Movie Gallery, Inc. is currently operating in an unprecedented consumer/retail environment. In order for us to continue to best serve our millions of customers across North America we're addressing underperforming stores and ensuring that there is sufficient [return on investment] associated with each of these stores going forward. The vast majority of our stores will be unaffected by these efforts."

For the full list of 2009 store closings, go here or check >About.com's list.

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Elaine Misonzhnik

Senior associate editor Elaine Misonzhnik has been writing for National Real Estate Investor since June 2006 and has covered commercial real estate for more than 12 years. She first became...
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