GameStop, the world’s largest video-game retailer, plans to close 200 stores by next year, saying about 3 percent of its outlets worldwide lose money.
The closings follow the Grapevine, Texas-based company’s better-than-expected third-quarter results, excluding an impairment charge. GameStop also forecast fourth-quarter profit that was in line with analysts’ estimates. GameStop rose 4.3 percent to $24.50.