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Electronics Boutique to focus on games

Game retailer Electronics Boutique announced Monday it plans to shut down its 29 EB Kids toy stores and hopes to sell its 22 BC Sports Collectibles stores to focus exclusively on video and computer games. The company said in a statement that it will take a $16 million pre-tax charge on earnings because of the restructuring, but it anticipates no layoffs, as affected employees will be offered jobs elsewhere in the company. "These strategic measures reflect management's desire to focus its energy and resources exclusively on the significant growth opportunities in the video game industry," CEO Jeffrey W. Griffiths said in the statement.

Game retailer Electronics Boutique announced Monday it plans to shut down its 29 EB Kids toy stores and hopes to sell its 22 BC Sports Collectibles stores to focus exclusively on video and computer games. The company said in a statement that it will take a $16 million pre-tax charge on earnings because of the restructuring, but it anticipates no layoffs, as affected employees will be offered jobs elsewhere in the company.

"These strategic measures reflect management's desire to focus its energy and resources exclusively on the significant growth opportunities in the video game industry," CEO Jeffrey W. Griffiths said in the statement.