Meme stock GameStop, once a dominant brick-and-mortar video game retailer, is continuing to close more stores in 2026.The retailer, whose business model was threatened by digital adoption in the gaming industry, closed 590 stores nationwide in fiscal 2024 and said that it plans to close a “significant number of additional stores” in its 2025 fiscal year, which ends in January 2026.The company didn’t disclose the number of stores that it was closing in fiscal 2025 or where they were located. However, in rece ...

GameStop has laid out a a massive, all-or-nothing equity incentive for Chairman and CEO Ryan Cohen that will only pay out if the video game retailer's stock and profits soar to levels far beyond anything it has achieved to date.The board of GameStop granted Cohen performance-based stock options tied to a $100 billion market-capitalization target and $10 billion in cumulative earnings before interest, taxes, depreciation and amortization, according to a statement released Wednesday. Under the terms of the pl ...

The closures are not completely unexpected. In its third-quarter earnings report on December 9, GameStop said it had already closed 590 stores in the United States during the previous fiscal year as part of a "store portfolio optimization review.†In a December filing to the Securities and Exchange Commission (SEC), the retailer reiterated its plan to shutter a "significant number of additional stores†during its 2025 fiscal year. GameStop's fiscal year ends on January 31, 2026. The video game retailer is c ...

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Key Takeaways Target's Fun 101 repositions Hardlines as fun-forward, culture-driven destinations.TGT delivered nearly 10% toy comp growth and double-digit gains in music and games.Target uses AI trend tools to speed assortments and scale Fun 101 nationwide.Target Corporation’s (TGT) fun-forward Hardlines transformation is emerging as one of the company’s most effective discretionary growth levers, repositioning a historically functional category into a culturally relevant traffic driver. Rebranded as Fun 10 ...

When it comes to regrets, Michael Burry has a few. The investor of "The Big Short" fame, who bet on GameStop years before it became a meme, explained why he sold the stock before it skyrocketed in a Substack post on Monday night.Burry got in earlyBurry, who recently pivoted from hedge fund manager to online writer, first invested in GameStop in the summer of 2018. The video-game retailer's stock looked undervalued to him, and he saw an array of catalysts that could send it higher, he wrote. They included ...

Core Insights - The investment thesis for GameStop (GME) is centered around its successful pivot into collectibles, expanding beyond its original focus on video game trading [1] Group 1: Company Strategy - GameStop has transitioned from being solely a video game trading platform to incorporating collectibles into its business model, indicating a diversification strategy aimed at capturing new revenue streams [1] Group 2: Market Position - The shift towards collectibles positions GameStop to potentially tap into a growing market, which may enhance its long-term growth prospects [1]

Market Overview - U.S. stocks showed mixed performance as traders prepared for the Federal Reserve meeting, with major indexes consolidating near recent highs after a strong year-end run for value stocks [1] - The Dow Jones Industrial Average decreased by almost 0.4% to 47,560.29, while the S&P 500 fell 0.09% to 6,840.51, and the Nasdaq increased by 0.1% to 23,576.48 [1] GameStop Corp. (NYSE:GME) - GameStop's stock declined by 1.03% to close at $23.11, with intraday trading between a high of $24.00 and a low of $23.10, remaining within its 52-week range of $19.93 to $35.81 [2] - The company reported third-quarter revenue of $821 million, missing estimates and down 4.5% year-over-year, while adjusted earnings of 24 cents exceeded expectations [3] - Hardware and software sales decreased, but collectibles sales increased, and operating income improved to $41.3 million from a loss in the previous year [3] - GameStop ended the quarter with $8.8 billion in cash and securities, including $519.4 million in Bitcoin, and did not hold an earnings call [3] JPMorgan Chase & Co. (NYSE:JPM) - JPMorgan's shares fell by 4.67% to $300.51, with intraday trading between a high of $318.80 and a low of $300.02, remaining below its recent 52-week high of $322.25 [4] - Investors are analyzing how the upcoming rate decision could influence the bank's growth phase, particularly regarding net interest margins and fee-driven businesses [5] AeroVironment - AeroVironment's stock eased by 0.37% to finish at $281.42, with intraday trading between a high of $291.50 and a low of $278.50, significantly above its 52-week low of $102.25 [6] - The company reported second-quarter revenue of $472.5 million, surpassing estimates, but adjusted EPS was 44 cents, below the expected 78 cents [7] - AeroVironment lowered its fiscal 2026 EPS outlook while slightly raising revenue guidance, leading to a decline in shares during extended trading [7] GE Vernova Inc. (NYSE:GEV) - GE Vernova's shares increased by 0.55% to close at $625.30, with intraday trading between $636.88 and $613.20, close to the upper end of its 52-week range of $252.25 to $677.29 [8] - The stock was positively influenced by a multi-year investor update, where the company doubled its dividend and set ambitious revenue targets through 2028 [9] - GE Vernova's 2025 revenue outlook is projected at $36–$37 billion, with 2026 guidance of $41–$42 billion, and an expected 2028 revenue of $52 billion, up from a previous forecast of $45 billion [10] - The company reported 18 GW of gas turbine contracts this quarter and anticipates its backlog to grow from $135 billion to $200 billion by 2028, while raising its cumulative free cash flow outlook to at least $22 billion [10] Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) - Cracker Barrel's stock rose by 1.43% to end at $27, with intraday trading between a high of $28.21 and a low of $26.82, trading just above its 52-week low of $25.62 [11] - The company reported first-quarter revenue of $797.19 million and an adjusted loss of 74 cents per share, both missing expectations, with sales down 5.7% from last year [12][13] - Cracker Barrel reduced its fiscal 2026 revenue outlook to $3.2–$3.3 billion and declared a 25-cent quarterly dividend, while the CEO indicated ongoing operational changes to stabilize traffic and margins [12][13]

From battling in the underworld to managing a museum—discover the best video games of the year https://t.co/xsw47BbpRrIllustration: Tatyana Alanis https://t.co/aFYDYInDha ...