GameStop closes more shops as retail apocalypse continues

Meme stock GameStop, as soon as a dominant brick-and-mortar video game retailer, is continuing to close more shops in 2026.

The retailer, whose business mannequin was threatened by digital adoption in the gaming industry, closed 590 shops nationwide in fiscal 2024 and said that it plans to close a “significant number of additional stores” in its 2025 fiscal 12 months, which ends in January 2026.

The company didn’t disclose the quantity of shops that it was closing in fiscal 2025 or the place they had been situated.

However, in current days, a number of people on X posted footage of lately shuttered places in different states, with one person even linking to an unofficial weblog that has been monitoring GameStop’s closures.

FOX Business reached out to GameStop for remark. 

The company warned in early 2025 that it anticipated closing a “significant number” of further shops and revised its investment coverage, paving the method for the video game retailer to invest in Bitcoin.

“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,” GameStop said at the time.

The company has confronted financial difficulties since the 2010s as digital game downloads rose in recognition and competitors elevated from online retailers such as Amazon and big-box chains.

GameStop has continued to close more shops in 2026. Stephen Yang for the New York Post

A majority of GameStop shops had been also situated in malls, which confronted declining foot site visitors.

In its December earnings report, the company reported that income continued to say no, falling $39.3 million 12 months over 12 months.

It grew to become a fading relic of the mall period before quickly turning into one of the most well-known meme shares in market historical past in 2021.

The video game retailer closed 590 shops in the fiscal 2024 12 months, with more “additional stores” closing as its 2025 fiscal 12 months wraps up this month. Getty Images

In early January, the company granted CEO Ryan Cohen a performance-based stock option award to drive growth.

In order for him to money in, the company’s market cap would need to achieve $100 billion.

It’s at the moment at $9 billion.

In January, retail buyers, many of whom had been organized on Reddit’s r/WallStreetBets, started aggressively shopping for the stock, which has misplaced over 34% during the past 12 months.

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