In a not-so-surprising move, GameStop, the store synonymous with video games and gaming accessories, is shutting down a ‘significant number’ of additional stores in the coming fiscal year, according to a filing with the U.S. Securities and Exchange Commission (SEC).
The move follows the closure of nearly 600 U.S. locations in 2024. Hammered by reduced foot traffic, declining physical game sales, and competition from digital downloads and game streaming, GameStop is attempting to stay relevant as an authorized PSA dealer while investing heavily in cryptocurrencies, including Bitcoin.
