"GameStop is reportedly closing hundreds of stores nationwide, including at least a dozen in Massachusetts, as the embattled retailer undergoes another wave of cutbacks. While the Texas-based company did not confirm the closures on Wednesday, crowdsourced online lists indicate that more than 200 locations have already closed. Boston.com verified 12 closures in Massachusetts, with additional shutdowns reported in New Hampshire and Connecticut."
"GameStop said in a December report that it closed 590 stores in the U.S. last year - and it expected to close many more through fiscal 2025, which ends in February 2026. In its February 2025 annual report, the company reported 2,325 stores nationwide, including 36 in Massachusetts. The company also reported lower third-quarter revenue, down 4.6% to $821 million, amid a surge in collectible sales, including Funko POP! and action figures."
"GameStop has been gradually reducing its global footprint, closing operations in Austria, Ireland, Switzerland, and Germany, and with plans to sell its operations in Canada and France. GameStop reported having more than 3,200 stores worldwide in February, down from a peak of more than 6,000 in the mid-2010s. According to the The Dallas Morning News, GameStop even closed its Grapevine, Texas, store, which is home to its corporate headquarters."
GameStop is executing another round of store closures across the U.S., with crowdsourced lists indicating more than 200 closed locations and Boston.com verifying a dozen closures in Massachusetts. The company closed 590 U.S. stores last year and expects more closures through fiscal 2025, reporting 2,325 U.S. stores as of February 2025. Third-quarter revenue fell 4.6% to $821 million despite growth in collectible sales. Global operations have been reduced in several European markets, with plans to sell other country operations, and worldwide store counts have declined from a mid-2010s peak of over 6,000.
Read at Boston.com
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