VentureBeat is reporting that GameStop has played a nice game of executive musical chairs and named a new chairman and CEO. Dan DeMatteo, the former CEO, has changed positions to become executive chairman while J. Paul Raines has taken over as CEO of the company.
As VentureBeat points out, this change does come at an interesting point in an industry that looks to be heading into a retail-less future (for the sale of games at least). The company currently operates 6,486 stores and is opening stores at an approximate rate of 400 per year.
While the digital future of video games appears to be a hinderance for retailers such as GameStop, they appear to be unphased for time being. GameStop believes that we are still a ways off from a totally digital future and is looking for new ways to keep the customer’s coming back to the stores (such as their test-marketed PowerUp program).
GameStop has a harsh climate up ahead but should continue to thrive as long as they change right along with the industry. Do you think GameStop is doomed, or will they survive the upcoming digital transition?