GameStop is moving forward with plans to sell its Canadian and French stores, citing economic factors and what CEO Ryan Cohen described as damaging policies in both countries.
The company is evaluating its international holdings, and a GSA report categorized both markets as “non-core” assets that could be sold. GameStop previously exited Ireland, Switzerland and Austria and is in the process of shutting down operations in Germany.
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 used X to take a swipe at Canada and France while announcing the sales, stating that potential 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
Under Cohen’s leadership, GameStop has shifted focus to reducing expenses and improving profitability. The company has been downsizing its brick-and-mortar presence, closing over 700 stores since 2020 in response to declining physical game sales.
Financial reports show that Canada contributed about $46.3 million in revenue, making up around 5% of GameStop’s earnings, while its European markets brought in roughly $173 million. Despite posting a $17.4 million profit last quarter, overall sales have continued to drop.
GameStop’s stock became the center of attention in 2021 when retail investors fueled a dramatic price surge, briefly sending shares past $500.
