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Jul 2, 2011 | 3:54 pm

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SUDDEN SHUTTERS
For GameStop, it’s a blood bath right out of Mortal Kombat. The Grapevine-based video game chain is expected to shed 470 locations nationwide, including 11 in the greater Houston area.
The closures were revealed in the company's newest filing with the Securities and Exchange Commission that said it would close "a significant number of additional stores in fiscal 2025" ending on January 31. In its last fiscal year, GameStop shuttered 590 locations.
In addition to braving the overall “retail apocalypse,” the retailer faces the same conditions that largely decimated CD and video stores. Video games are now available for digital download in seconds and no longer require a trip to a physical store.
“As a part of our profitability initiative, we are reducing our global store base, which includes closing stores that are not meeting performance standards or stores at the end of their lease terms with the intent of transferring sales to other nearby locations,” the company wrote in its annual report. “ If we are unsuccessful in marketing to customers of the stores that we plan to close or in transferring sales to nearby stores, our results of operations could be negatively impacted.”
The current digital squeeze isn’t the first time GameStop has been thrown for a loop by contemporary internet culture. In 2021, the retailer famously became a meme stock, buoyed by users of Reddit's r/wallstreetbets. The skyrocketing increase in its stock price, followed by short selling, caused major financial consequences for hedge funds and other investors.
Since then, the stock price has been more stable but has decreased approximately 21 percent over the last year. After CEO Ryan Cohen bought 500,000 shares in the company on January 21, the price has slightly rebounded.
GameStop has not issued a formal list of the closures, and a request for more information was not returned at press time. But Ohio’s WKYC Studios put together a list of all the U.S. stores that are on the chopping block, verified through GameStop’s online store locator. The Texas closings are as follows: