Count the doors. On February 1, 2025, GameStop had 3,203 stores. A year later, on January 31, 2026, it had 2,206. In between, the company shut 998 of them.
The figures come from GameStop’s annual report filed with the U.S. Securities and Exchange Commission. The U.S. took the heaviest hit: 727 stores closed, leaving 1,598, down from 2,325 a year earlier. Retail Dive, which covered the filing, put the longer slide in perspective. In February 2024 the chain had 2,915 U.S. stores, and nearly 600 more had gone dark during fiscal 2024 alone.
A smaller map
Abroad, the company has been pulling out country by country. The filing says GameStop left Ireland, Switzerland, Austria, Germany, New Zealand, Italy and Canada over the past three years. Its 193 Canadian stores all went when the business was sold. In Australia the count fell from 374 to 300, with one opening and 75 disposals. New Zealand operations closed in the fourth quarter. Europe is down to 308 stores, all in France, and even those may not stay: the company has signed an agreement tied to a possible sale of its French operations to a strategic buyer.
Some stores in Australia and Europe, 23 in all, are pop culture shops selling collectibles, apparel, gadgets, electronics and toys.
GameStop describes the closures as part of a profitability push. Stores that missed performance targets went, along with those reaching the end of their leases, with the aim of moving their sales to nearby locations. The filing warns that if customers do not follow, results could suffer.
What the shelves now hold
The mix inside the stores has changed too. Collectibles made up 33.1% of fourth-quarter net sales, up from 21.1% in the same quarter a year before. Hardware and accessories fell to 48.5% from 56.6%.
The money side looked mixed. Fourth-quarter net sales dropped nearly 14% to $1.1 billion, and net income slipped about 3% to $127.9 million. For the full fiscal year, net sales fell about 5% to $3.63 billion, while net income rose by more than 200% to $418.4 million. GameStop did not hold a conference call.
Its Bitcoin holdings continued to shrink in value as well. They were worth $528.6 million in the second quarter, about $519.4 million after the third, and about $368 million at the close of the fourth.
Leases are the next clock
Leases show how many decisions are still ahead. Of the 2,206 leased stores open at the end of January 2026, 1,168 have leases expiring during fiscal 2026. Another 527 expire in fiscal 2027 and 243 in fiscal 2028. The company says it reviews its store portfolio every year and picks closures based on market conditions and each store’s performance. Retail Dive reported that GameStop does not expect to close a significant number of locations in 2026.
Sources
- GameStop closed over 700 stores last year – Retail Dive (via Yahoo Finance)
- GameStop Corp. Annual Report (Form 10-K) for fiscal year ended January 31, 2026 – SEC filing
