GameStop Corp., a Grapevine-based retailer, announced plans Thursday to close at least 150 stores by the end of the year.

In the gaming company’s fourth quarter and 2016 fiscal year earnings report, it showed that the closings are a result of the company’s shift to focus on technology brands and collectibles, and away from video game software and consoles. The company has not yet announced which stores will close.

GameStop CEO Paul Raines said in a news release that the company’s non-gaming businesses drove gross margin revenues and significantly contributed to the company’s profits.

“Meanwhile, the video game category was weak, particularly in the back half of 2016, as the console cycle ages,” Raines said. “Looking at 2017, technology brands and collectibles are expected to generate another year of strong growth, and new hardware innovation in the video game category looks promising.”

Although GameStop plans to close 150 stores, the company will open 65 new technology stores and 35 new collectibles stores globally.

The technology brands segment of GameStop includes Simply Mac, Spring Mobile and Cricket Wireless stores that sell products such as laptops, tablets and smartphones.