GameStop is shrinking its U.S. footprint, closing more than 470 locations as part of its ongoing store optimization strategy.
The video game retailer confirmed the closures in a Securities and Exchange filing earlier this month, though it did not specify which stores will shut. Its website already lists hundreds of locations as closed.
The move follows a broader restructuring effort: in the previous fiscal year, GameStop closed 590 U.S. stores.
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The company’s third-quarter revenue fell 4.6% to $821 million, reflecting declines in hardware, software, and accessory sales.
As of February 2025, GameStop operated roughly 2,325 U.S. stores and 900 international locations.
The retailer recently introduced a performance award worth about $35 billion to incentivize CEO Ryan Cohen to boost the company’s market capitalization to $100 billion from the current $9.3 billion.
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