Struggling retailer to close a ‘significant’ number of stores nationwide by month’s end

One of the nation's leading video game retailers, GameStop, has announced plans to close a "significant" number of stores by Jan. 31.

The news comes after the chain already closed 590 stores in the previous fiscal year.

In a December Q3 earnings report , the company said it "initiated a comprehensive portfolio review" and identified stores for closure based on many factors, including store performance and market conditions.

"We anticipate closing a significant number of additional stores in fiscal 2025," the company reported .

GameStop's fiscal year ends Jan. 31.

The retailer did not disclose which locations were being eyed for closure, though at least four Western Mass. locations are closing, The Republican reported earlier this week.

According to Fast Company , over the last 12 months, GameStop stock has declined 36%.

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Regulatory filings show GameStop's overall sales slipped slightly over the first nine months of its fiscal year, but the company is making more money on items like collectibles.

In its latest SEC filing , GameStop reported that net sales fell by about $14.8 million, or 0.6%, for the nine months ending Nov. 1, 2025 compared with the same period last year.

The decline was driven mainly by sharp drops in traditional video game sales, especially software and hardware.

Sales of video game software fell nearly 27%, while sales of hardware and accessories dropped about 5%.

Those declines were partly offset by a major increase in collectibles, which jumped more than 55% and have become a much bigger part of GameStop's business.

The SEC filings also show the company's performance varies widely by region.

Sales increased in the United States and Australia but plunged in Europe and Canada.

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GameStop said those declines were largely due to its exit from certain markets, including the sale of its Canada business, the sale of its Italy operations and the shutdown of stores in Germany.

Even with lower overall sales, GameStop's profitability improved.

Gross profit increased both for the quarter and the year-to-date period, as the company shifted toward higher-margin products.

Collectibles now make up nearly one-third of GameStop's total sales, up significantly from last year.

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