Is the end nearing for GameStop?
The video game retailer has closed hundreds of locations as it heads into 2025, indicating a troubling trend for the company.
With the shift towards digital downloads and the decline of physical media in gaming, GameStop has faced significant challenges over the years. Although the meme stock phenomenon in 2021 offered a glimmer of hope, the company still struggles to revitalize its retail presence.
GameStop Store Closings
Since 2020, GameStop has shut down over 700 stores, with nearly 300 locations closing just before the new year in December 2024.
While no official announcement has been made regarding the latest store closures for 2025, local media outlets have begun reporting on unexpected shutdowns. Recently, it was reported that the GameStop location at Westwood Mall in Jackson, MI, will close on January 4.
Reports about these new year closures have emerged on community forums, where employees shared the shocking news of their store closings, expressing their dismay. One employee shared, “Just got informed my store is closing, just as many others have. Godspeed to you all. Friendly neighborhood GameStop employee, signing out.”
Another long-time employee said, “Been with the company for almost 8 years. Got the call this afternoon. I’m devastated.”
Roaring Kitty Finds New Gaming Meme Stock?
On a contrasting note, investor Keith Gill, known as Roaring Kitty, remains unaffected by the store closures. While GameStop consolidates its physical presence, Gill continues to hold a substantial stake in GameStop stock, valued at approximately $280 million as of his last reported holdings.
Recently, Gill hinted at exploring investments in another video game company following a viral post referencing a popular comedian, which resulted in a notable uptick in stock prices for Unity Software.
