GameStop to shut a FIFTH of its 2,000 stores this month as retail apocalypse spreads
Daily Mail • • business
Key Points:
- GameStop is set to close around 470 stores in January 2025, reducing its total locations to fewer than 2,000, down from a peak of over 6,000 stores.
- California will experience the most closures with 50 stores shutting down, followed by Texas (44), New York (30), Florida (25), and Pennsylvania (24), impacting 40 states in total.
- Once a dominant video game retailer, GameStop has struggled due to the rise of digital downloads and online marketplaces, leading to declining shopper numbers and a reputation as a symbol of the retail apocalypse.
- The company saw a brief resurgence in 2021 due to a historic stock short squeeze driven by Reddit traders, which helped raise cash and prompted
