Also, they felt the need to close down a lot of stores, and are continuing to close down even more stores.
They close stores every year, and this isn't even the most drastic round of closings.
2016: 104 (excluded Puerto Rico)
I mean I know it's inevitable, but it's not happening as fast as you guys think.
The only real boost from a fresh hardware launch comes from people buying games to go along with their fancy new systems. And of course, the majority of GameStop's revenue doesn't come from new hardware or new software sales anyhow, it comes from re-selling used titles.
Uh, new accessories