Is GameStop still in business in 2026?
Yes. GameStop is open, profitable and still listed on the New York Stock Exchange under the ticker GME. No parent company owns it. Ryan Cohen is chairman and chief executive.
The quarter that ended August 1, 2026 brought net sales of $790.2 million and operating income of $160.2 million, the highest second quarter operating income in the company's history. GameStop finished that quarter with $5.4 billion in cash, marketable securities and digital assets.
What changed is the shape of the company rather than its survival. GameStop sold its Canadian business during fiscal 2025 and its French business during the second quarter of fiscal 2026, and from July 8, 2026 it reports two geographic segments, the United States and Australia.
So the honest answer to the question people type is yes, with one caveat. The company is in better financial health than it has been in years, and the store nearest you may still be gone.
How many GameStop stores are left?
GameStop ended fiscal 2025 on January 31, 2026 with 1,598 stores in the United States. The worldwide count was 2,206, which included 308 in Europe and 300 in Australia.
Two years earlier, in February 2024, the American footprint alone stood at 2,915. GameStop closed 727 stores in the United States during the year to January 31, 2026, more than 470 of them in that final January.
Investors had been warned in general terms. In a filing with the Securities and Exchange Commission, GameStop said it would close "a significant number of additional stores in fiscal 2025", and it did, across 43 states.
The international map shrank faster still. The Canadian stores were sold off during fiscal 2025, and France, the last operating company in Europe, was divested in the second quarter of fiscal 2026.
The shape of the decline is familiar to anyone who watched Blockbuster fall to a single store in Oregon. The difference is that GameStop shed close to half its American counters in 24 months while posting record quarterly profit.
Why is GameStop reopening stores it just closed?
On September 11, 2026, GameStop began reopening a selection of the stores it had shut. The company announced it on social media and published no list. A spokesperson confirmed to Fox Business that a location in Brooklyn, Ohio was part of the first wave.
The reversal is less strange than it looks. GameStop has told investors it does not expect to close a significant number of stores in fiscal 2026, and it now describes the remaining shops as part of its logistics and fulfillment network rather than as a chain of game shops. A store that ships parcels is judged on different math than a store that sells discs.
The timing carried a second message. Cohen bought one million GameStop shares on September 10, 2026 at a weighted average price of about $20.38, roughly $20.4 million of his own money, the day before the first doors reopened.
For shoppers the practical advice has flipped. Checking the store locator before driving over still matters, because a closed location coming back is now about as likely as an open one going dark.
Does GameStop still sell many games?
Not many. In the quarter that ended August 1, 2026, collectibles brought in $356.3 million, or 45.1 percent of net sales, against 23.4 percent a year earlier. That is a 57 percent jump in dollars, driven by graded trading cards.
Video game software, the product the store is named for, is under 12 percent of the business, Cohen said in 2026.
He was blunter on Bloomberg Television in July 2026, when he was asked what Sony ending disc production for new PlayStation games in 2028 would do to his company: "It is totally, totally irrelevant." That is a strange sentence from the man running the largest game store chain in the country, and it is also the strategy.
What is left is a trading floor for cards, figures, consoles and controllers with a games shelf attached. Anyone who wants to play Sega Genesis games in 2026 is better served by a specialist than by a mall counter.
What is GameStop doing with all that cash?
Bidding with it. In May 2026 GameStop made an unsolicited, non binding offer of $125.00 a share, around $55.5 billion, for a much larger online marketplace, half in cash and half in GameStop stock.
The target's board turned it down on May 12, 2026, calling the proposal "neither credible nor attractive" and pointing at the financing plan, the operating risk and GameStop's governance. GameStop kept buying the stock afterwards and held a multibillion dollar position in it at the end of the second quarter.
The company also raised its fiscal 2026 outlook for adjusted earnings before interest, taxes, depreciation and amortization to more than $650 million.
None of that is a video game business, which is the point. A chain that spent years on death watch now runs a balance sheet most retailers would envy and a store estate it treats as warehousing.
What happened to Game Informer?
GameStop shut down Game Informer in 2024 and laid off the staff the same day, ending the last large print games magazine in the United States. The website was replaced by a farewell note, and decades of reviews and features went offline with it.
The magazine has since returned under different ownership and is no longer part of GameStop. The full account of who owns Game Informer now is worth reading beside this one.
Where to find retro games today
Used shelves thinned out along with the store count, so older cartridges and discs are easier to find through a specialist than at a mall counter. Stone Age Gamer stocks tested cartridges, repair parts and flash carts for the consoles GameStop stopped carrying years ago.
Frequently Asked Questions
Is GameStop going out of business?
No. GameStop is still trading in 2026 and reported operating income of $160.2 million for the quarter that ended August 1, 2026, its best second quarter on record. It closed 727 stores in the United States in the year to January 31, 2026, but it began reopening selected locations on September 11, 2026.
How many GameStop stores are left?
GameStop had 1,598 stores in the United States as of January 31, 2026, down from 2,915 in February 2024, and 2,206 worldwide. After selling its Canadian business in fiscal 2025 and its French business in the second quarter of fiscal 2026, GameStop reports two markets, the United States and Australia.
Who owns GameStop now?
No parent company owns GameStop. It is a public company traded on the New York Stock Exchange under the ticker GME, and Ryan Cohen is its chairman and chief executive. Cohen bought a further one million GameStop shares on September 10, 2026.