{"id":4529,"date":"2026-09-14T16:31:45","date_gmt":"2026-09-14T16:31:45","guid":{"rendered":"https:\/\/www.vaultinsider.top\/?p=4529"},"modified":"2026-09-14T16:31:45","modified_gmt":"2026-09-14T16:31:45","slug":"gamestop-to-reopen-select-closed-stores-as-ceo-ryan-cohen-buys-1m-shares","status":"publish","type":"post","link":"https:\/\/www.vaultinsider.top\/?p=4529","title":{"rendered":"GameStop to reopen ‘select’ closed stores as CEO Ryan Cohen buys 1M shares"},"content":{"rendered":"
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Stuart Varney and Ashley Webster discuss why Pok\u00e9mon cards are selling for more than $1 million. Webster highlights a 1998 Pikachu Illustrator card that set a record sale and explains how nostalgia turns childhood hobbies into fine art.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n
GameStop says it is reopening “select” stores across the country as company insiders make new investments in the video game retailer’s stock.<\/p>\n
The company announced on social media that “select” closed stores would begin reopening Sept. 11.<\/p>\n
GameStop did not initially disclose a complete list of returning locations. A company spokesperson told FOX Business that “at least one” store \u2014 located in Brooklyn, Ohio \u2014 was part of the initial rollout.<\/p>\n
The move comes after an extended period of store closures and cost-cutting. GameStop has shuttered hundreds of locations in recent years as it has sought to reduce expenses and reshape its retail operations.<\/p>\n
SONY TO END PHYSICAL PLAYSTATION GAME DISCS FOR NEW RELEASES STARTING IN 2028<\/strong><\/p>\n
A Gamestop store is seen in Union Square on April 4, 2025, in New York City.<\/span> (Michael M. Santiago\/Getty Images)<\/span><\/p>\n<\/div>\n<\/div>\n
The reopenings also come as GameStop CEO Ryan Cohen purchased 1 million shares of Class A common stock on Sept. 10 at a weighted average price of about $20.38 per share, according to federal regulatory filings. The purchase was worth roughly $20.4 million.<\/p>\n
GameStop board member Alain Attal also purchased 5,000 shares that day for approximately $100,000.<\/p>\n
A GameStop store in New York, on March 4, 2024.<\/span> (Shelby Knowles\/Bloomberg via Getty Images)<\/span><\/p>\n<\/div>\n<\/div>\n
Meanwhile, GameStop’s sales mix has continued to shift away from traditional video game software and toward collectibles.<\/p>\n
CLICK HERE TO GET FOX BUSINESS ON THE GO<\/strong><\/p>\n
Collectibles, including trading cards, accounted for 45.1% of GameStop’s net sales during the company’s most recent quarter, up from roughly 29% for fiscal 2025. Collectibles sales increased 57% from the same quarter a year earlier.<\/p>\n<\/div>\n
Stuart Varney and Ashley Webst… <\/p>\n","protected":false},"author":1,"featured_media":4530,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[3340,283,2521,7534,7532,3080,611,7533,32,696],"class_list":["post-4529","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finance-news","tag-buys","tag-ceo","tag-closed","tag-cohen","tag-gamestop","tag-reopen","tag-ryan","tag-select","tag-shares","tag-stores"],"yoast_head":"\n
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![\"People](\"https:\/\/a57.foxnews.com\/static.foxbusiness.com\/foxbusiness.com\/content\/uploads\/2025\/07\/931\/523\/people-outside-gamestop.png?ve=1&tl=1\")
<\/source><\/source><\/source><\/source><\/picture><\/div>\n![\"GameStop\"\/](\"https:\/\/a57.foxnews.com\/static.foxbusiness.com\/foxbusiness.com\/content\/uploads\/2024\/04\/931\/523\/Gamestop-3.jpg?ve=1&tl=1\")
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