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GameStop Closes 40 California Stores Amid Sales Decline

1/17/2026

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Summary

Story summary

GameStop is closing more stores in California, reportedly over 40 locations this month, amid online-sales competition.
The closures reflect a broader pattern, with more than 400 stores nationwide closing.
In its December SEC filing, the company cites a “comprehensive store portfolio optimization review.”
GameStop became a meme stock in 2021, and its shares have fallen about 25% in the past year.

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Story summary

GameStop is closing more stores in California, reportedly over 40 locations this month, amid online-sales competition.
The closures reflect a broader pattern, with more than 400 stores nationwide closing.
In its December SEC filing, the company cites a “comprehensive store portfolio optimization review.”
GameStop became a meme stock in 2021, and its shares have fallen about 25% in the past year.