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GameStop announced this week that an additional 400 to 450 locations would close across the country by the end of 2020.While more video games are available for digital downloads, the next generation PS5 and Xbox will contain disc drives. The company was concerned that the next generation models would be digital only.Already in the last year, GameStop has closed 388 locations, shrinking its current retail footprint to 5,192 locations.“This will allow us to more efficiently and profitably service our customers,” company CEO George Sherman said about the closures.While many retailers have been shrinking their footprints as customers change their buying habits, GameStop is also encountering a change in technology in recent years, which has allowed customers to purchase games online.But GameStop says that there are some customers who prefer a physical disc, and that large video game downloads can use up internet data.“We believe the actions we are taking to optimize the core operations of our business by increasing efficiencies and creating a frictionless digital ecosystem to serve our customers, wherever and whenever they choose to shop, are enabling us to navigate the COVID-19 environment while positioning us well for the launch of the next generation of consoles,” Sherman said.GameStop saw a 26.7% drop in Quarter 2 sales in 2020 compared to 2019. 1374

Genetic testing company 23andMe has been given federal approval to sell at-home kits that test for three breast cancer gene mutations.This will be the first direct-to-consumer DNA test for these particular breast cancer gene mutations, the Food and Drug Administration said on Tuesday.A spokeswoman for 23andMe said the test for the three BRCA1/BRCA2 breast cancer gene mutations will be added "in the coming weeks" to the broader Health + Ancestry services, with no increase to the existing 9 cost.The test can only detect three out of more than 1,000 known BRCA mutations, according to the FDA. The BRCA1/BRCA2 hereditary mutations occur in about 2% of Ashkenazi Jewish women, but rarely occur in anyone else, the agency said in a press release."The test also does not provide information on a person's overall risk of developing any type of cancer," the FDA added.23sandMe already tests for genetic health risks for diseases like Parkinson's and Alzheimer's, along with wellness reports for things like lactose intolerance and saturated fat, and ancestral composition including Neanderthal ancestry.In 2013, the FDA ordered the company to stop sales of its home-testing kits, saying the Alphabet-backed company had failed to prove the validity of its product.Related: 23andMe gets funding for drug developmentAnne Wojcicki, who founded the company in 2006, called the FDA shutdown a "transformative moment" that prompted 23andMe to branch into drug development."Thank you to the FDA for hard work and progress on innovation," she tweeted on Tuesday.In 2015, 23andMe received approval from the FDA to test customers for whether they are carriers of certain disease-carrying genes that could be passed on to their children. In early 2017, the company received approval to issue genetic health risk reports.In September of last year, the company said it received 0 million in funding from Sequoia Capital to develop drugs based on user DNA.The-CNN-Wire? & ? 2018 Cable News Network, Inc., a Time Warner Company. All rights reserved. 2050

Hold off on that funeral dirge for Macy's. The department store isn't dead yet.Macy's topped Wall Street's profit forecasts Tuesday and provided a healthy outlook for this year.The results strongly suggest there is still room for traditional stores in the mall in a world increasingly dominated by the likes of Amazon and Walmart.Macy's chairman and CEO Jeff Gennette said the company was "encouraged" by improvement at the company's brick-and-mortar stores and continued growth in online sales.Gennette said digital revenue posted a double-digit percentage increase for the 34th quarter in a row, a run of more than eight years.And the company is still investing heavily in its Bluemercury chain of specialty beauty stores and the discount outlet Backstage. Macy's said it opened 36 Bluemercury stores and 30 Backstage stores last year, even as it closed 16 Macy's stores.Gennette added during a conference call with analysts that Macy's plans to open 100 more Backstage locations this year, including in malls.Macy's is also selling real estate to shore up its balance sheet. The company said it raised 1 million last year and .3 billion over the past three years by getting rid of some stores, warehouses and parking garages.Macy's is also working with real estate company Brookfield Asset Management on other transactions.Macy's said Tuesday it is selling several floors in its State Street store in Chicago to a real estate fund backed by Brookfield for million. Brookfield plans to convert the floors into office space.All this is good news for Macy's. But one analyst said Macy's needs to do more before its turnaround qualifies as a true Miracle on 34th Street."There is a long tail of shops that look dated, are in sub-optimal locations, and where the customer experience is poor. Macy's must remedy this if it is to transform the business," Neil Saunders, managing director of GlobalData Retail, said in a report.Nonetheless, the real estate transactions and improved sales outlook are two reasons Wall Street has fallen in love with Macy's again.The stock surged nearly 12% in early trading before pulling back a bit. Macy's has soared more than 45% in the past six months.Department store chains Kohl's, Nordstrom and JCPenney — which will all report results later this week — rallied as well Tuesday. Another chain, Dillard's, rose 12% too after it also posted strong quarterly results.Investors are clearly betting that Macy's wasn't the only traditional retailer that had a happy holiday season. 2527

Guests will get to visit one of the world's most famous landmarks after it was closed due to COVID-19.The Eiffel Tower is set to reopen June 25, and guests 11 years or older will be required to wear masks.The tower had been closed since March.On its website, officials said in a statement that as a safety protocol, guests would only be allowed to use stairs for the first and second floors.Officials added that the elevators and the top floor of the tower would remain closed for the time being."As the situation evolves, the lifts taking our visitors to the second floor can be quickly put back into service under appropriate conditions, with a minimal number of people on-board," officials said in the statement. "The top-level remains closed for now since the lifts taking visitors from second to the top floor are small. It might re-open during the summer."A re-opening date for the online ticket office has not been made available. 945

Hours after he returned to rhetoric equating violence from white supremacists with those protesting them, the White House said Thursday that President Donald Trump signed a resolution condemning white supremacy.In the White House statement, Trump said he opposed bigotry in all forms."No matter the color of our skin or our ethnic heritage, we all live under the same laws, we all salute the same great flag, and we are all made by the same almighty God," Trump said.Congress?passed the resolution earlier this week, pushing Trump to put his signature on something expressly singling out white supremacy for condemnation. The White House said in response to the resolution's passage that Trump would "absolutely" sign it, and looked forward to the opportunity. 783