Gamestop is planning to get off even more stores – and CEO Ryan Cohen could not resist making political shots while announcing the move.
The retailer of the video game closed more than 300 stores in the US in the midst of a decreasing sale last year.
Now it is planning to sell its activities in France and Canada as part of a broader effort to reduce his physical footprint.
With more gamers who opt for digital downloads above discs, Gamestop is one of the many nostalgic chains that close stores in the midst of the continuous decline of physical retail.
But Cohen's approach to the announcement was anything but businesslike.
'E -Mail m&a@gamestop.com If you are interested in buying Gamestop Canada or Micromania France, “he posted on X last Tuesday.
“High taxes, liberalism, socialism, progressivism, weekness and dei are included at no extra costs if you buy today.”
In a statement to the Daily Mail, Cohen later hit a more diplomatic tone.
Gamestop announced plans to try to sell his Canadian and French stores
“The rejections will enable gamestop to concentrate on other things,” he said. 'The happy copper in Canada gets a poutine and a baguette in France. Sur Moi. ' [translated: ‘on me.’]
Gamestop's search to sell international stores continues the brand's delay.
The once-dominant retailer has closed more than 700 locations since 2020. It currently operates more than 2,000 small locations in the US.
In December the company warned investors to expect even more closures, referring to 'current market conditions and individual store performance'.
Gamestop also has another 203 stores in Canada and 647 throughout Europe.
The company has already closed the activities in Ireland, Switzerland and Austria during the tax 2023. German stores reached the heel block in 2024.
Cohen, the former co-founder of Chewy.com born in Canada, has led Gamestop as CEO since September 2023.
He took over after the shares of the company have completed a revolutionary change. Thousands of Redditors bought the shares and sent the rating of Gamestop up, in 2021.
Gamers have step -by -step on e -commerce and digital sales for supplies and new plays
Ryan Cohen, the former co-founder of Chewy.com, took over GameStop after the share prices of the company had gone on a wild ride
The coordinated buyers on social media were shared in less than four weeks by 1,700 percent.
Gamestop's price increase started a trend of meme shares: groups of freelance, activist investors who buy coordinated Troves of nostalgic brands that previously attracted short-sellers.
But the activism driven by Reddit has not translated into long -term success for the Gamestop brand.
'Retail Apocalypse'?
Stores around the US are closer in large numbers. In 2024, retailers closed more than 7,000 locations.
Another 15,000 go the way of the Dodo in 2025, experts predict.
However, the retail analyst of Coresight Research, Neil Saunders, does not believe that the number of stores closures amounts to an extension event for American stores.
“The retail apocalypse is fake news,” Saunders recently told Daily Mail.
“Although it is true that we see an eruption of store closures, this is mainly because weaker players fall out of the market – because they have not convinced consumers to shop with them.”
Dozens of major brands, including Macy's, Kohl's, JCPENney, Party City, Big Lots and Joann's have either announced plans to close the stores or have declared bankruptcy in recent months.
However, the American market won more operational stores on the net in 2024.
“The vast majority of retail trade still goes through physical stores and many successful retailers, such as Walmart, invest heavily in their physical spaces,” Saunders added.
