GameStop Closes More Stores in 2026

GameStop, once a leading video game retailer, is intensifying its store closures in 2026. The company announced plans to shut down 590 locations across the country in fiscal year 2024, along with a “significant number” of additional closures in fiscal year 2025, which wraps up in January 2026.

Specific details regarding the 2025 closures or the locations weren’t provided. However, recent posts on X have shown images of closed GameStop stores in multiple states. Some users even mentioned a blog tracking these closures.

GameStop has indicated that it expects further significant store closures in early 2025, alongside a revised investment strategy that now includes potential investments in Bitcoin.

At the time, the company explained that the revised investment policy aims to ensure adequate liquidity for daily financial commitments while maximizing returns within its investment guidelines.

GameStop has faced ongoing financial challenges since the early 2010s, a struggle that stemmed from the rise of digital game downloads and fierce competition from online retailers like Amazon.

Interestingly, most GameStop stores are situated in malls, environments which, as we know, have seen a sharp decline in foot traffic. In its latest earnings report from December, the retailer reported a decrease in sales by $39.3 million compared to the previous year.

Once considered a major player in the gaming retail space, GameStop transitioned into what became known as a meme stock phenomenon back in 2021. It’s curious to think about how quickly its fortunes have changed.

Earlier this month, GameStop awarded CEO Ryan Cohen a performance-based stock option to drive growth, but he’ll only cash in if the company’s market capitalization hits $100 billion. Currently, it’s around $9 billion.

Interestingly, retail investors—many rallied from Reddit’s r/WallStreetBets—began buying the stock aggressively in January, although it has since dropped over 34% in the last year.