The US gaming symbol, GameStop, is closing 400 stores.

Gaming symbol of the USA, GameStop network, closes 400 stores

American retail chain GameStop has initiated a massive wave of store closures. According to user reports, up to 400 locations could be liquidated in just over a week.

Paradoxically, amidst the cutbacks, the company has approved a stock option package for its CEO Ryan Cohen, potentially worth billions of dollars. However, to receive them, Cohen must meet exceptionally ambitious conditions: raise GameStop's market capitalization to $100 billion and achieve target operating profit (EBITDA) figures. Given the current state of affairs, this task appears almost impossible to accomplish.