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GameStop Closes 590 Stores Amid Revenue Decline

1/10/2026

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Story summary
  • GameStop, the video game retailer, continues to close stores in 2026 due to declining revenue and digital competition.
  • In fiscal 2024, the company closed 590 stores and plans more as 2025 ends.
  • Its revenue fell by $39.3 million year over year, and its market cap stands at $9 billion.
  • Retail investors from Reddit's r/WallStreetBets have begun buying the stock, and the shares have fallen over 34% in the past year.