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As of Feb. 1, GameStop had total of 3,203 stores worldwide.
GameStop Corp. continues to shrink its store footprint.
The video game retailer disclosed in a filing with the U.S. Securities and Exchange Commission that it anticipates closing a “significant number” of additional stores in fiscal 2025 as part of its ongoing store portfolio optimization review.
“This review, among other things, resulted in the closure of 590 stores in the United States in fiscal 2024,” GameStop stated in the filing. “While this review is ongoing and a specific set of stores has not been identified for closure, we anticipate closing a significant number of additional stores in fiscal 2025.”
GameStop has been exiting some markets completely. In 2024, it closed down store operations in Germany after shutting down operations in Ireland, Switzerland and Austria the previous year. It has also initiated a plan to divest its operations in Italy.
As of Feb. 1, the company had total of 3,203 stores across all of its segments, with 2,325 in the U.S., 193 in Canada, 374 in Australia, and 311 in Europe.
The company also said that it’s getting into bitcoin as a treasury reserve asset, announcing that a “portion of our cash or future debt and equity issuances” might be invested in the digital currency.
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