GameStop begins 2026 by closing more than 400 stores in 42 states

GameStop CEO Ryan Cohen is expected to gain 35 billion dollars In stock options, as long as the company reaches a market capitalization of $100 billion. One way to achieve this goal is to cut costs, and one way to cut costs is to close a group of stores. The company will close 590 stores in fiscal year 2024, it said recently SEC filing It expects to “close a significant number of additional stores in fiscal year 2025.” With the fiscal year ending on January 31, the race appears to be on, according to a blog post Track closuresGameStop plans to close (or already has) more than 430 stores this month.

As of Sunday, January 11, the list of planned store closures has reached 435 stores in 42 states. As of February 2025, the company was operational 2,325 stores in the United StatesThis represents a significant reduction in its retail presence. It comes as the company significantly scales back its international operations, having already left Canada, Germany, Austria, Ireland, Switzerland and Italy, with plans to exit France within the next 12 months.