Originally Posted by amos_82
Glenbrook jacked up their rates so high that Babbage's will close tomorrow!! I was walking around earlier this morning and the employees were boxing up product.
I'd bet this is also because there is now an EB and Gamestop in the same mall...and they're owned by the same company.
I used to work at a chain that had non-compete rules where they would never put two stores within a mile of each other, and if one store moved or they built a new one, they would close or relocate the old one. They would often just transfer the employees.
I'd bet the EB is doing better business, and there are several in town, so they don't want to dilute the brand with a Gamestop. It also makes advertising cheaper, because they can just run one EB ad and it'll cover all the stores.