Reported 2 days ago
GameStop, struggling with the transition to digital gaming and the effects of the COVID-19 pandemic, has closed over 600 stores in 2024 and plans to shut down more in order to streamline operations and adapt to market changes. Despite nearing bankruptcy in 2020, the company benefited from a stock surge driven by retail investors, allowing it to pursue a turnaround plan that includes substantial store closures and exiting certain international markets.
Source: YAHOO