GameStop Announces Reopening of Select Closed Stores Nationwide
GameStop announced the reopening of select previously closed locations across the United States, beginning on September 11. The company did not immediately release a full list of stores involved in the rollout but confirmed at least one location — in Brooklyn, Ohio — is part of this initiative. This move follows years of store closures and cost-cutting measures aimed at restructuring its retail operations. The reopening comes amid increased insider investments by GameStop's leadership. CEO Ryan Cohen purchased 1 million shares on September 10 for approximately $20.4 million, while board member Alain Attal acquired 5,000 shares worth about $100,000. The company is also seeing a shift in its sales mix toward collectibles like trading cards, which accounted for nearly half of GameStop's net sales during the most recent quarter — up from around 29% in fiscal 2025.
Topics: executive stock purchases retail strategy store reopenings