GameStop is pulling out of Canada and France, with CEO Ryan Cohen blaming the political and economic conditions in both countries for the company’s decision to sell its operations.
The company confirmed plans to sell off its Canadian and French locations, continuing its effort to streamline operations. A GSA report identified these locations as “non-core” assets, making them targets for divestment. The move comes after GameStop previously shut down stores in Ireland, Switzerland and Austria, with German closures already underway.
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 made his stance clear in a post on X, mocking the policies of both nations and telling potential buyers they would also acquire “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 significantly reduced its physical store count in recent years, closing over 700 locations since 2020. Cohen has focused on cutting costs, responding to the shift toward digital gaming and e-commerce.
Financial records indicate that Canada contributed roughly 5% of GameStop’s revenue, equaling $46.3 million, while European operations brought in about $173 million. Despite posting a quarterly profit of $17.4 million, the company’s revenue has been declining.
GameStop gained national attention in 2021 during a stock-buying frenzy that sent its share price soaring, briefly surpassing $500.
