GameStop is kicking off 2026 by shutting down over 400 stores in 42 states

GameStop CEO Ryan Cohen is successful enactment to perchance gain $35 billion successful banal options, truthful agelong arsenic the institution hits a $100 cardinal marketplace cap. One mode to deed that people is by cutting costs, and 1 mode of cutting costs is to close down a clump of stores. The institution closed 590 stores successful fiscal twelvemonth 2024, and said successful a caller SEC filing that it anticipates "closing a important fig of further stores successful fiscal 2025." With the fiscal twelvemonth acceptable to extremity connected January 31st, it appears the contention is on, and according to a blog tracking closures, GameStop is readying connected shuttering (or already has) implicit 430 stores this month.

As of Sunday, January 11t …

Read the afloat communicative astatine The Verge.