Video game retailer EB Games lost $11.5m as it shut NZ stores

EB Games closed New Zealand stores after suffering $11.4 million loss in last year

EB Games closed all 38 of its New Zealand stores in January 2026 after posting an $11.4m loss for the year ending January 31, with revenue of ~$60m (+15.1%) offset by expenses surging 29.2% to $71.8m. The collapse signals that physical gaming retail cannot survive the shift to digital distribution even at scale, reinforcing the case for any brick-and-mortar tech or media retailer to accelerate omnichannel or exit before losses become unrecoverable.