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EB Games NZ Shuts Down Amid Multi-Million Dollar Loss

1/15/2026

38 8 Full Breakdown

Summary

Story summary

EB Games New Zealand will close all 38 stores by 31 January 2026.
The distribution center will shut by 28 February 2026.
EB Games New Zealand posted a multi-million dollar loss in the 2024 fiscal year.
Managing Director Shane Stockwell said no viable solutions emerged to turn the business around.
A nationwide liquidation sale began today, offering 50% off remaining stock, excluding consoles and new games.

History

Historical Context

In 2005, GameStop acquired Electronics Boutique, rebranding it as EB Games, which expanded its presence in Australia and New Zealand. However, by 2020, GameStop reported a $470 million loss, reflecting a broader decline in physical retail due to the rise of digital gaming. EB Games New Zealand is now set to close all 38 stores by January 2026, highlighting ongoing shifts in consumer behavior.

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Story summary

EB Games New Zealand will close all 38 stores by 31 January 2026.
The distribution center will shut by 28 February 2026.
EB Games New Zealand posted a multi-million dollar loss in the 2024 fiscal year.
Managing Director Shane Stockwell said no viable solutions emerged to turn the business around.
A nationwide liquidation sale began today, offering 50% off remaining stock, excluding consoles and new games.

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