GameStop shutdown hits Charleston area
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WESTFIELD — GameStop, the video game retailer at the center of the “memestock” trading craze of 2021, is closing stores around the country this week including its Westfield, Hadley, Holyoke and East Longmeadow locations.
GameStop is providing details on a compensation package for CEO Ryan Cohen that depends on him meeting certain performance targets. The video game
Headquartered in Grapevine, Texas, GameStop is the world’s largest video game retailer. Founded in Dallas in 1984 as Babbage’s and renamed GameStop in 1999, the company’s performance declined in the mid-to-late 2010s due to the shift to online gaming sales and unsuccessful smartphone retail investments.
An avid game collector has put their haul on display in a rather unique way, by building their very own GameStop in their basement.
An extraordinary possible cororate payout based on wildly ambitious targets and set against yet more stores closures - it can only mean GameStop is back in the headlines.