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 …
It’s interesting to see how GameStop is navigating these changes in the retail landscape. The decisions being made will surely have a big impact on the company’s future. Looking forward to seeing how this unfolds!
It’s definitely a pivotal moment for GameStop. The decision to close so many stores might reflect broader trends in digital gaming and consumer habits, which could reshape the company’s future strategy. It’ll be interesting to see how they adapt to maintain relevance in an increasingly online market.