Kathrine Frich
A once-dominant name on shopping streets around the world is shrinking fast.
The company has acknowledged that more closures are coming, even after hundreds of stores were already shut.
Store closures accelerate
US-based video game retailer GameStop is preparing to close a large number of additional stores before the end of its current financial year, which concludes on January 31.
In a filing to the US Securities and Exchange Commission in December,
The company said a “significant number of additional stores” would be shuttered as part of an ongoing review of its physical estate.
It did not specify how many locations would be affected or where they would be based.
The announcement followed the closure of 590 stores during the 2024 fiscal year.
Global footprint shrinks
GameStop operates not only in the United States but also across Europe, Canada, Australia and New Zealand.
According to company figures cited by Reuters, it ran about 2,325 stores in the US in early 2025, alongside roughly 3,200 worldwide.
Recent social media posts have shown closed branches in several US states, including Ohio, New York and Minnesota.
A store manager in Maine, whose branch shut on January 5, told The Independent that the closure was due to “circumstances outside of our control.”
Falling revenues
GameStop’s struggles have been driven in large part by the shift away from physical game purchases toward digital downloads and online retail.
Reuters reported that the company’s annual revenue has fallen by more than 35% since 2022.
Its share price is also down about 80% from the peak reached in 2021, when retail investors triggered a dramatic and short-lived stock surge.
In the third quarter of 2025, revenue from accessories and hardware, including new and pre-owned games, declined by around 12%, according to Reuters.
Online pivot
The Texas-based company has attempted to reposition itself by expanding its digital offerings and merchandise sales.
Despite these efforts, the transition has yet to deliver a clear financial turnaround.
The company has not indicated whether further closures could follow beyond January
Sources: Reuters, The Independent, Express
