"The video game retailer is closing stores in numerous states this month, according to local media reports, and emails and store signage shared by customers on social media, part of its ongoing effort to reduce costs and adapt to changes in shopping habits. The closures are not completely unexpected. In its third-quarter earnings report on December 9, GameStop said it had already closed 590 stores in the United States during the previous fiscal year as part of a "store portfolio optimization review.""
"In a December filing to the Securities and Exchange Commission (SEC), the retailer reiterated its plan to shutter a "significant number of additional stores" during its 2025 fiscal year. GameStop's fiscal year ends on January 31, 2026. GameStop reported net income of $77 million on revenue of $821 million for the third quarter, but the latter figure was below a consensus estimate cited by Reuters."
GameStop is closing numerous stores across multiple U.S. states in early 2026 as part of efforts to reduce costs and adapt to changing shopping habits. The company previously closed 590 U.S. stores during the prior fiscal year under a "store portfolio optimization review" and filed with the SEC reiterating plans to shutter a "significant number of additional stores" in fiscal 2025. GameStop reported $77 million net income on $821 million revenue in Q3, with revenue below consensus estimates. Shares have fallen about 36% over the last 12 months since the 2021 meme stock surge. Customers and local media have shared closure notices from specific locations.
Read at Fast Company
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