/biz/ - Business & Finance

39% of GameStop’s onerous and bloated leases expired as of 01/01/2024. These will no longer show as liabilities on the quarterly report. 1,723/4413. Get ready for “Store Closing” headlines, but know this is amazing news. These leases were signed by the cellarbox regime and is the last remaining internal action meant to bankrupt GameStop. Most locations were chosen (by SHF) for their terrible location, close proximity to other stores and any left will be renegotiated at a much lower cost/length than the previously regimes terms agreed upon as a means to handicap the growth of the company. These leases impact “value” algorithms used to judge GameStops growth relative to fund rebalancing and company coverage.