GameStop is kicking off 2026 by shutting down over 400 stores in 42 states
The Verge••business
Key Points:
- GameStop CEO Ryan Cohen stands to earn up to $35 billion in stock options if the company reaches a $100 billion market cap, a goal linked to cost-cutting measures including store closures.
- The company closed 590 stores in fiscal year 2024 and plans to close a significant number of additional stores in fiscal 2025, with over 430 closures planned or already executed in January alone.
- As of early January 2025, GameStop operates 2,325 US stores, meaning the planned closures represent a substantial reduction in its retail footprint.
- GameStop is also winding down international operations, having exited several countries and planning to leave France within the next year.
- Despite recent improvements in the company’s
