The post GameStop CEO Aims For $35 Billion Payout As Stores Close By The Hundreds appeared first on Kotaku.

Video game retailer GameStop has reportedly closed hundreds of stores across the United States as the company continues to scale back its physical store presence.

According to social media posts tracking store shutdowns — first highlighted by Polygon — GameStop locations in numerous states have recently closed. The GS Closing blog, which independently monitors closures, currently lists 390 confirmed store shutdowns in the U.S., with an additional 10 locations reported but not yet verified.

The reported closures are consistent with GameStop’s previously disclosed plans. In its most recent filing with the United States Securities and Exchange Commission for the financial year ending, the company confirmed that it shut down 590 U.S. stores during fiscal year 2024. In the same filing, GameStop told investors it expected to close “a significant number of additional stores” during fiscal year 2025.

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The retailer’s contraction is not limited to the United States, either. RNZ reports (h/t GamesInudstry) that GameStop has proposed closing its EB Games subsidiary in New Zealand. EB Games Managing Director Shane Stockwell reportedly sent an email to staff stating that the proposal is not final and that no decision will be made until a full consultation process has been completed with affected employees. According to GameStop’s filing, the company operates 38 stores in New Zealand.

GameStop has also continued to wind down its international operations. In recent years, the company has exited markets including Ireland, Switzerland, Austria, and Germany. It has sold its Italian subsidiary and is currently seeking buyers for its French and Canadian businesses.

While store closures continue, GameStop recently announced a new long-term performance award for CEO Ryan Cohen worth up to $35 million. To earn the reward, Cohen must increase the company’s market capitalization to $100 billion. As of this writing, GameStop’s market cap stands at approximately $9.52 billion, according to GamesIndustry.

Once one of the most dominant video game retailers out there, GameStop’s reputation has shifted significantly over the past decade. As the market moved toward digital distribution, the company has struggled to adapt its traditional retail model. GameStop has also faced long-standing criticism over its trade-in practices, which have often been viewed unfavorably by consumers.

GameStop’s long-term viability has been debated for years, but the company has managed to remain afloat to this point. In 2021, the company experienced a widely publicized stock surge driven by Reddit users on r/wallstreetbets, briefly pushing the company’s market value sharply higher as part of an effort to counter heavy short interest.

As store closures continue, GameStop remains in the midst of a broader effort to stabilize its business amid declining sales and a rapidly changing retail landscape.

US game retailer GameStop has reportedly shut hundreds of stores.

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GameStop, the largest retailer dedicated to videogames, is reportedly shutting down hundreds of stores in the United States. The reports started appearing on social media and were quickly conflated into one very long list on the 'GameStop Closing List' blog, which reckons there are at least 410 GameStop stores confirmed to be closing and another 11 reported but as of yet unconfirmed. This is only the latest round of closures for the retailer headquartered in Grapevine, Texas. In the annual 10-K SEC filing issued in February 2025, the company stated: We have also initiated a comprehensive store portfolio optimization review […]

Read full article at https://wccftech.com/gamestop-reportedly-shutting-down-hundreds-us-stores/