GameStop is planning to sell its Canadian and French operations as part of a restructuring effort, with CEO Ryan Cohen citing both economic and political reasons for the decision.
The company revealed plans to exit both markets as part of an ongoing assessment of its international holdings. A GSA report labeled the stores in Canada and France as “non-core” assets, signaling their planned sale.
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 took aim at the policies of both countries, posting on X that GameStop’s Canadian and French stores are available for purchase, adding that buyers will receive “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 scaling back its brick-and-mortar presence as the gaming industry moves toward digital sales. The company previously shut down stores in Ireland, Switzerland and Austria and is in the process of closing locations in Germany. Since 2020, it has closed more than 700 locations.
Canada accounted for about 5% of GameStop’s revenue, generating around $46.3 million, while its European operations brought in approximately $173 million. Though the company recently reported a $17.4 million quarterly profit, overall sales have declined.
GameStop gained national attention in 2021 when retail investors pushed its stock price to record levels, briefly soaring past $500 per share.
