Here was the other big news from the call. They keep upping this number. Last time they gave one it was "as many or more" than 2019, which was 321 stores. Now we're at 400-450 planned closures, with more planned into 2021 as well.https://twitter.com/GIBiz/status/1303823734088896515 …
I bet they're buoyed by new console cycles for some time, and I assume the store closures will help their bottom line with time. I don't see them lasting the full length of the next console cycle though without some pretty massive changes to their business model.
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Disclaimer though is that I am not an analyst, just a journalist, and wiser folks than me may know far better
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