After struggling for over a year, GameStop has closed a quarter of its locations, totalling over 1,000 storefronts. But the company isn’t done closing its doors.
According to CNN, GameStop has revealed a regulatory filing indicating that a “significant number” of locations will be closed in the coming months. Given previous statements from GameStop, it’s likely that more Canadian stores will be hit in the next round of closures.
So far, most of the closures have happened in the U.S., with 590 locations shutting down and reducing the country’s store count to 2,235 as of February 1. Additionally, the company closed down more than 330 locations across Europe, with 50 more stores closing down across Australia and Canada.
In February, GameStop revealed that it’s looking to sell its Canadian operations. The CEO, Ryan Cohen, posted on X that “High taxes, Liberalism, Socialism, Progressivism, Wokeness and DEI,” are some of the problems with Canadian outfit.
This isn’t surprising, as Cohen has claimed that Donald Trump won the U.S. presidential election in 2020. However, it’s shocking to hear such dislike for Canada from Cohen, as the company’s CEO is actually Canadian.
Source: CNN
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