Pour one out for GameStop.
According to a report, GameStop is shuttering its locations in Canada and France.
The move is part of a broader strategy under Cohen's leadership to streamline GameStop's operations. Since assuming the role of CEO in 2023, Cohen has focused on reducing costs and enhancing long-term profitability, which includes downsizing the company's physical store footprint.
Prior to the announcement, GameStop operated 203 stores in Canada and 647 across Europe.
CEO Ryan Cohen gave some insight into why GameStop has had it with these two countries, and asked if anyone would be interested in buying:
Sounds like a nightmare. Who would want to do business in places like these?
I'm not seeing any enthusiastic buyers here. I wonder why ...
P.S. Now check out our latest video 👇
