GameStop closes more stores as retail apocalypse continues

Group 1 - GameStop continues to close more stores, having closed 590 stores in fiscal 2024 and planning to close a significant number of additional stores in fiscal 2025, which ends in January 2026 [1][2][7] - The company has faced financial difficulties due to the rise of digital game downloads and increased competition from online retailers and big-box chains [3][4] - GameStop's revenue declined by $39.3 million year over year, indicating ongoing struggles in its business model [4] Group 2 - The majority of GameStop's stores are located in malls, which are experiencing declining foot traffic [4] - In early 2025, GameStop revised its investment policy to allow for investments in Bitcoin, aiming to provide sufficient liquidity and optimize investment returns [2][3] - The company's market capitalization currently stands at $9 billion, with a performance-based stock option for CEO Ryan Cohen contingent on reaching a market cap of $100 billion [7][9]