Local GameStop outlets, including those in your area, face potential shutdowns as part of a broader wave affecting more than 400 sites nationwide. Polygon was the first to break the news, highlighting the company's aggressive strategy to cut expenses through the elimination of numerous brick-and-mortar sites. A dedicated blog monitoring such developments lists 410 stores as either shuttered or scheduled for closure, plus an additional 11 believed to be next in line, based on data up to January 10.
This development aligns with expectations outlined in GameStop's SEC submission dated December 2025, which projected the shutdown of a substantial portion of stores during fiscal 2025, concluding on January 31, 2026. That document also revealed plans by the board to award CEO Ryan Cohen stock options worth as much as $35 billion, contingent on elevating the company's market capitalization to $100 billion.
Although the blog focuses solely on American closures, the SEC report further mentioned intentions to scale back operations in various European nations and Canada. Despite a remarkable surge in valuation back in 2021, GameStop has grappled with strategic uncertainties, evidenced by unsuccessful ventures like a cryptocurrency storage service and an NFT trading platform.