GameStop is set to significantly reduce its physical presence, with plans to close over 400 stores by 2026. Initial estimates indicated approximately 295 closures for the year, but new reports suggest that number has now increased. The video game retailer, once a dominant force in brick-and-mortar game sales, has been grappling with fierce competition from online gaming and subscription services.
As part of its ongoing restructuring efforts, GameStop confirmed in a recent filing with the Securities and Exchange Commission (SEC) that it closed 590 stores in 2024. The company anticipates a further significant reduction in the 2025 fiscal year, which concludes on January 31, 2026. Despite these closures, GameStop has yet to provide a precise number of locations that will shutter in the upcoming year.
Store Closures and Market Withdrawal
Reports have surfaced listing 410 stores across 42 states that are expected to close, as indicated by employee insights and the company’s store locator. Alongside domestic store closures, GameStop is also winding down operations in several international markets, including Austria, Ireland, Switzerland, Germany, Italy, Canada, and France.
At the beginning of 2025, GameStop reported having 2,325 stores in the United States. This number reflects a significant decline in the company’s retail footprint, aligning with its strategy to adapt to shifting consumer preferences and increasing digital engagement.
Financial Performance and Challenges
GameStop’s financial performance has also raised concerns. According to Reuters, the company reported an annual revenue of $821 million for the third quarter of 2025, falling short of analysts’ expectations of $987.3 million. This underperformance highlights the challenges GameStop faces in transitioning from a traditional retail model to a more digital-focused approach.
As the company continues to face declining store numbers and revenue, it remains to be seen how effectively it can pivot its business model to thrive in an increasingly competitive landscape. GameStop’s commitment to enhancing its e-commerce capabilities may be vital for its survival in the evolving gaming industry.
