GameStop is planning to sell its stores in Canada and France, pointing to economic challenges and the political climates in both countries. CEO Ryan Cohen criticized policies in both nations while inviting potential buyers.
The company announced that it is evaluating its international assets and intends to sell operations in the two countries. A GSA report categorized these locations as “non-core” assets, marking them for potential sale. The decision follows a series of closures in Europe, including the winding down of operations in Germany and previous shutdowns in Ireland, Switzerland and Austria.
GameStop CEO wants to sell its operations in Canada. Below is why he wants out.
But let’s keep voting for virtue signaling woke Liberals. Soon no company will want any part of this Country. pic.twitter.com/5s68g2qtZU— Ryan Gerritsen🇨🇦🇳🇱 (@ryangerritsen) February 19, 2025
Cohen did not hold back his views on what he sees as issues in the Canadian and French markets. Posting on X, he mocked the political and economic climate, saying any buyers would also inherit “High taxes, Liberalism, Socialism, Progressivism, Wokeness and DEI included at no additional cost if you buy today.”
GameStop plans to sell its operations in Canada and France, a move the chief executive claimed was driven by the woke business environments in both countries.
GameStop CEO Ryan Cohen posted an invitation on Tuesday via social platform X for those interested in buying the video…— John Peterson (@sailinjackvip) February 23, 2025
GameStop has been shifting away from brick-and-mortar retail as physical game sales decline. Since 2020, the company has closed over 700 stores, adjusting to the changing gaming industry. Under Cohen’s leadership, the company has cut costs and streamlined operations, focusing on long-term profitability.
Financial reports show that Canada generated about $46.3 million for GameStop, making up roughly 5% of its revenue, while European markets contributed around $173 million. The company reported a $17.4 million profit last quarter, though overall sales have continued to fall.
GameStop made headlines in 2021 when a surge of retail investors pushed its stock price to record highs, briefly sending shares above $500.
