Jan 11, 2026
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 fisca l 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. ...read more read less
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