A Massive Retailer Now Closes At An Alabama Mall

July 12, 2024

A massive retailer now closes at an Alabama mall, leaving fans nearly 70 miles away from the closes store, sources report.

Popular ‘meme stock’ and gaming retailer GameStop has closed down another store, with gamers in the area left traveling elsewhere for their favorite titles.

It was seemingly the last GameStop in Muscle Shoals, Alabama, about 69 miles west of Huntsville, that remained open in the city.

The store was located within Southgate Mall and is now indefinitely closed, per GameStop’s website.

Fans also noted recently that they’d arrived at the shopping center to find it shuttered after heading there only weeks earlier.

“The larger store in MS is closed,” customer Jo Hanson wrote in a thread on Facebook.

Jo and several others noted that the nearest location for Muscle Shoals gamers would be in Florence, about 10 minutes north of the axed Southgate Mall store.

“I believe the muscle shoals location closed but the Florence one is still open!” exclaimed another shopper.

A third included a screenshot of the Florence location being open through Google Maps to confirm.

GameStop has around 2,900 locations in the United States, per data collected by Statista.

The majority are located in California, Florida, and Texas.

Texas has the most at 300 stores, California has 263, and Florida stands at 190.

Over the past few years, the retailer has been shutting down stores periodically.

Last August, GameStop closed another staple store for gamers in the Clay, New York area, about 14 miles north of Syracuse.

It was in business for years before the sign was removed and shelves were emptied, Syarcuse.com reported.

Between 2021 and 2022, GameStop also shuttered at least 243 stores.

Still, GameStop seems to be bouncing back with steady profits in 2023 and 2024 after recording a $147.5 million loss in March 2022, per an earnings report from that time.

CEO Matt Furlong stressed that “GameStop is a much healthier business today than it was at the start of 2021,” in an earnings call last year.

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Also Read: An Unexpected Retailer Is Now Closing All Stores in Illinois

Other Economy News Today

An unexpected restaurant now abruptly closes 7 locations in one state after revealing plans to shutter a total of 36.

TGI Fridays is closing a total of seven restaurants in one state as part of the company’s ongoing growth strategy.

This comes after the chain abruptly closed 36 locations across 12 states in at the beginning of the year, per The-Sun.

The restaurant chain will pull the plug on seven locations across the state of New Jersey in the coming weeks.

Today, Fridays will welcome in famished diners at its location in Brick for the final time.

“As we continue along our path of transformation to revitalize the Fridays brand and implement a long-term growth strategy, we see a bright future for TGI Fridays,” said Weldon Spangler, CEO of TGI Fridays earlier this week.

“We are at the helm of a pivotal moment that will allow us to explore boundless advancement, expansion, and innovation to keep delivering ‘That Fridays Feeling’ that our fans know and love.”

Before the closures, TGI Fridays had about 270 US locations, according to the company’s website.

“As part of the store closures, TGI Fridays is offering more than 1,000 transfer opportunities, which represents over 80% of total impacted employees,” the company previously said in a statement.

“Our top priority has always been delivering a superior experience for each and every TGI Fridays guest, and we’ve identified opportunities to optimize and streamline our operations to ensure we are best positioned to meet – and exceed – on that brand promise,” said Ray Risley, US president and chief operating officer, in the release.

Eight other locations were sold to former CEO Ray Blanchette, a longtime stakeholder who will acquire the previously corporate-owned restaurants.

The sale comes as major changes have been made to the brand’s leadership, including the news of Weldon Spangler being made CEO.

“As we continue along our path of transformation to revitalize the Fridays brand and implement a long-term growth strategy, we see a bright future for TGI Fridays,” said Spangler in a statement.

Also Read: Retirees Will Now Receive More Money For Social Security

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