Closing of Several Stores
GameStop traces its roots to Babbage’s, a small software retailer that started in Dallas, Texas in 1983.The day after Thanksgiving 1996 approximately 100 Babbage’s and Software Etc. stores closed their doors. The remaining merchandise from these stores was shipped to 100 of the remaining stores that would participate in a massive going out of business sale throughout December, along with all of their gamestop coupons. These 100 stores would close for the last time on Christmas Eve, and all merchandise left would be shipped back to corporate headquarters by New Year’s Eve. The company would be pared back to about 600 of its best performing stores.