GameStop is kicking off 2026 by shutting down over 400 stores in 42 states

GameStop plans to close over 400 stores in 42 states as CEO Ryan Cohen aims to reach a $100 billion market cap, potentially earning $35 billion in stock options. The company has already closed 590 stores in fiscal year 2024 and anticipates closing more in 2025, reducing its US store count from 2,325 to a significant number. This move follows GameStop's decision to wind down international operations, exiting markets in Canada, Germany, Austria, Ireland, Switzerland, and Italy, with plans to leave France within the next 12 months.