GameStop CEO Ryan Cohen is in line to potentially earn $35 billion in stock options, so long as the company hits a $100 billion market cap. One way to hit that target is by cutting costs, and one way of cutting costs is to close down a bunch of stores. The company closed 590 stores in fiscal year 2024, and said in a recent SEC filing that it anticipates “closing a significant number of additional stores in fiscal 2025.” With the fiscal year set to end on January 31st, it appears the race is on, and according to a blog tracking closures, GameStop is planning on shuttering (or already has) over 430 stores this month.
As of Sunday, January 11t …
Read the full story at The Verge.
Original Source: https://www.theverge.com/news/860329/gamestop-is-kicking-off-2026-by-shutting-down-over-400-stores-in-42-states
Original Source: https://www.theverge.com/news/860329/gamestop-is-kicking-off-2026-by-shutting-down-over-400-stores-in-42-states
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