GameStop Announces Additional Store Closures

Meme stock GameStop, once a dominant brick-and-mortar video game retailer, is continuing to close more stores in 2026. The retailer, whose business model has been significantly impacted by the rise of digital gaming, closed 590 stores nationwide in fiscal 2024. Furthermore, it has announced plans to close a “significant number of additional stores” in its 2025 fiscal year, which concludes in January 2026.

While the company has not disclosed the exact number of stores slated for closure in fiscal 2025 or their locations, social media users have shared images of recently shuttered GameStop locations across various states. One user even referenced an unofficial blog dedicated to tracking these closures.

WILL GAMESTOP SURVIVE? HERE’S WHAT ITS CO-FOUNDER SAYS

In early 2025, GameStop warned of anticipated closures and revised its investment policy, allowing the retailer to explore investments in Bitcoin. The company stated, “The overall goals of the Investment Policy are to provide sufficient liquidity to meet the day-to-day financial obligations of the Company, and to optimize investment returns within the guidelines of the Investment Policy.”

A Gamestop store is seen in Union Square on April 04, 2025 in New York City. (Michael M. Santiago/Getty Images) / Getty Images)

GameStop has struggled financially since the 2010s, primarily due to the increasing popularity of digital game downloads and fierce competition from online retailers like Amazon. Additionally, many GameStop locations are situated in malls, which have seen a decline in foot traffic.

A GameStop store in New York, US, on Monday, March 4, 2024. (Shelby Knowles/Bloomberg via Getty Images / Getty Images)

In its December earnings report, GameStop revealed a revenue decline of $39.3 million year over year. This decline highlights the challenges the company faces in a rapidly evolving retail landscape.

LINKEDIN REPORTEDLY CONSIDERING ADDING GAMING TO ITS REPERTOIRE

Once a staple of the mall era, GameStop transformed into one of the most recognized meme stocks in market history in 2021. In early January, the company granted CEO Ryan Cohen a performance-based stock option award aimed at driving growth. For him to benefit from this award, the company’s market cap must reach $100 billion, a significant leap from its current valuation of $9 billion.

GameStop Chairman Ryan Cohen. (FBN)

In January, retail investors, many organized through Reddit’s r/WallStreetBets, began aggressively purchasing GameStop stock, which has seen a decline of over 34% in the past year.

Meme stock GameStop, once a dominant brick-and-mortar video game retailer, is continuing to close more stores in 2026. The retailer, whose business model has been significantly impacted by the rise of digital gaming, closed 590 stores nationwide in fiscal 2024. Furthermore, it has announced plans to close a “significant number of additional stores” in its 2025 fiscal year, which concludes in January 2026.

While the company has not disclosed the exact number of stores slated for closure in fiscal 2025 or their locations, social media users have shared images of recently shuttered GameStop locations across various states. One user even referenced an unofficial blog dedicated to tracking these closures.

WILL GAMESTOP SURVIVE? HERE’S WHAT ITS CO-FOUNDER SAYS

In early 2025, GameStop warned of anticipated closures and revised its investment policy, allowing the retailer to explore investments in Bitcoin. The company stated, “The overall goals of the Investment Policy are to provide sufficient liquidity to meet the day-to-day financial obligations of the Company, and to optimize investment returns within the guidelines of the Investment Policy.”

A Gamestop store is seen in Union Square on April 04, 2025 in New York City. (Michael M. Santiago/Getty Images) / Getty Images)

GameStop has struggled financially since the 2010s, primarily due to the increasing popularity of digital game downloads and fierce competition from online retailers like Amazon. Additionally, many GameStop locations are situated in malls, which have seen a decline in foot traffic.

A GameStop store in New York, US, on Monday, March 4, 2024. (Shelby Knowles/Bloomberg via Getty Images / Getty Images)

In its December earnings report, GameStop revealed a revenue decline of $39.3 million year over year. This decline highlights the challenges the company faces in a rapidly evolving retail landscape.

LINKEDIN REPORTEDLY CONSIDERING ADDING GAMING TO ITS REPERTOIRE

Once a staple of the mall era, GameStop transformed into one of the most recognized meme stocks in market history in 2021. In early January, the company granted CEO Ryan Cohen a performance-based stock option award aimed at driving growth. For him to benefit from this award, the company’s market cap must reach $100 billion, a significant leap from its current valuation of $9 billion.

GameStop Chairman Ryan Cohen. (FBN)

In January, retail investors, many organized through Reddit’s r/WallStreetBets, began aggressively purchasing GameStop stock, which has seen a decline of over 34% in the past year.