GameStop plans to close over 400 stores across 42 states

The article reports GameStop plans to close 435 stores across 42 states, and it notes CEO Ryan Cohen could earn $35 billion in stock options if the company reaches a $100 billion market cap.

GameStop is planning a large round of U.S. store closures while the company approaches the end of its fiscal year. The article links the closures to cost cutting and to a compensation arrangement tied to the company’s market value. Recent filings and tracking indicate the company has already been reducing its global footprint. The fiscal year is set to end on January 31st. Known details: - The article reports 435 planned store closures across 42 U.S. states as of January 11. - The company closed 590 stores in fiscal 2024 and was operating 2,325 U.S. stores as of February 2025, indicating a notable reduction in retail locations. - The article mentions CEO Ryan Cohen could earn $35 billion in stock options if GameStop reaches a $100 billion market capitalization. - The company’s fiscal year is set to end on January 31st, which the article highlights as a near-term milestone. Summary: These planned closures represent a sizable reduction in GameStop’s U.S. retail presence and will affect store employees and local operations. The company is in a fiscal period that ends on January 31st, noted in the article as a near-term milestone. Further details on exact timing and final counts are undetermined at this time.