GameStop CEO's Bold Stance on Wokeness and DEI During Global Operations Review
GameStop CEO Critiques Wokeness Amid Operations Sale
In a striking statement, GameStop CEO Ryan Cohen has decried 'wokeness' and DEI initiatives as the gaming retail giant moves to sell its operations in France and Canada. The announcement came following a release indicating that GameStop intends to review its international portfolio, focusing on optimizing its store presence.
Details on the Potential Sales
As part of this review, GameStop mentioned that it will actively pursue sales of its Canadian and French operations. Cohen's social media post pointedly referenced high taxes and social policies in those regions, stating, Email M&A@gamestop.com if you’re interested in buying GameStop Canada or Micromania France.
Store Closures and Future Plans
- Store Portfolio Review: GameStop has initiated a comprehensive evaluation of its stores to determine which locations may be closed based on performance and market analysis.
- Closure Trends: The company has already closed over 700 stores since 2020, reacting to the pandemic's impact on retail.
- Potential Impact: More closures could follow, indicating a significant shift in GameStop's operational approach.
Currently, GameStop operates 203 stores in Canada and 647 stores in Europe, as highlighted in recent SEC filings.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.