Leadership & Decision-Making
Why are Forever 21 and GameStop closing stores?
Answered independently in 1 episodes. Every line below is verbatim from the transcript, timestamped to the moment it was said.
The short answer
What the archive says
01GameStop is down to about 3,200 stores from 6,000 a decade ago, closed roughly 1,000 globally in the past year, and is putting part of its cash reserves into Bitcoin, which pushed shares up 16% in pre-market trading. source →
02Forever 21 is expected to close all US stores after losing over $400 million in three years, including $150 million in 2024, with the brand moving to Authentic Brands Group. source →
In their words
What was actually said
I'm going to jump ahead here a couple of retail things. I don't think are necessarily related to this economy. I think this is more trends over all Chris, but forever 21 and GameStop both closing retail stores.
The episodes