GameStop is expected to close doors of around 30 New York locations as part of massive nationwide shutdown affecting 470 stores by the month's end.
The New York closures span every corner of the state -- from New York City and Long Island to Westchester, the Hudson Valley and upstate.
GameStop plans to close more than 430 stores across the United States this month, The Verge reported Sunday (Jan. 11). The retailer's fiscal year 2025 will end on Jan. 31, and the firm said in a Dec.
I rate GameStop a strong buy, anchored by $8.8 billion liquidity, minimal net leverage, and a fortress balance sheet. GME's upside is driven by a transformative M&A mandate, incentivized by CEO Cohen's performance-based award tied to multi-billion EBITDA and market cap hurdles. Current valuation sets a liquidation floor near $11.57/share, with long-term targets above $32, contingent on high-ROIC capital deployment.
GameStop continues to struggle after the retailer closed 590 stores in 2024 and plans significant additional closures amid declining revenue.
GameStop Corp.'s risk profile has shifted from passive decline to an execution-driven outcome under CEO Ryan Cohen. Cohen's fully at-risk compensation plan ties his payoff to extreme long-term value creation, making early milestones largely symbolic rather than economically meaningful. GME's downside is limited by a cash-rich balance sheet and positive cash flow, but upside depends on a yet-unarticulated transformation.
How do you square a slate of store closures with a possible $35 billion deal for your CEO? Enter the world of the meme stock to end all meme stocks, GameStop, and suspend your disbelief is how.
GameStop Corp (NYSE:GME) shares surged almost 6% on Wednesday after the videogame retailer announced a $35 billion compensation package for CEO Ryan Cohen, tied entirely to a dramatic turnaround of the struggling company. The new pay plan, which requires shareholder approval at a special meeting expected in March or April, offers Cohen stock options to purchase over 171.5 million shares at $20.66 each.
The company's annual revenue has plummeted more than 35% since 2022, while its stock price is down 80% from all-time highs hit in 2021.
GameStop Corp. is forging ahead with efforts to reduce its physical footprint in the first weeks of 2026.
Michael Burry replayed his GameStop bet in a Substack post on Monday. The "Big Short" investor wrote that a "crappy business" became the "belle of the ball" in 2021.
Here are some of the major companies whose stocks moved on the week's news.