GameStop reportedly shuts down more than 400 US stores

GameStop is planning to close over 400 retail stores in the US, a significant cost-saving measure. A blog tracking closures shows 410 confirmed closures with 11 more likely. This move aligns with a December 2025 SEC filing predicting more store closures in fiscal year 2025. The filing also revealed potential stock options for CEO Ryan Cohen if he significantly boosts the company's market cap. GameStop intends to reduce its physical presence in several European countries and Canada as well. The company's struggles are evident despite a past market value surge in 2021. Failed ventures, such as crypto lockers and an NFT marketplace, demonstrate the brand's difficulties in finding its footing. The impending closures are a response to financial challenges. These closures are not unexpected given the company's prior statements and financial situation. GameStop is clearly undergoing a significant restructuring process.