2 Major Retailers Closing California Locations

CALIFORNIA — It's game over for nearly 400 stores of a major gaming retailer as well as more than a dozen Macy's stores, with closures already starting in California.

GameStop

As of January, a list of around 390 GameStop stores was announced to have closed or will be closing later this month.

The list includes more than three dozen in California, several of which closed this week.

See the full list of GameStop closures in California here.

This isn't the first time GameStop has slashed a major number of its stores.

In GameStop's December Securities and Exchange Commission filing, company officials said 590 stores closed during its fiscal year 2024.

Company officials also noted they "anticipate closing a significant number of additional stores in fiscal 2025." The fiscal year ends on Jan. 31, 2026.

The closures are part of a "broad store portfolio optimization" due to market shifts toward digital gaming and "underperformance."

The strategy involves reducing the brick-and-mortar footprint while also exploring new revenue streams, according to the filings.

In an earnings report released Sept. 10, 2024, GameStop indicated revenue struggles.

The company had fallen short of financial expectations for its second quarter, giving investors cause to hesitate, leading to a stock price decline. Earnings commentary also cited more gamers turning toward the use of online game stores that easily hook up with newer consoles, according to the filing.

Macy's

The major retail department chain Macy’s is also moving forward with plans to close more than a dozen stores, including two in the Golden State.

See the full list of Macy's closures in California here.

Clearance sales are expected to begin in mid-January and will run for around 10 weeks, the retailer told Axios

The closures are part of a three-year plan Macy's unveiled in January 2025 called the "Bold New Chapter."

The company plans to close 150 underperforming stores while also investing more heavily in the remaining 350 stores, company officials said in a January 2025 news release.

"In executing our strategy, we continue to review our portfolio and make careful decisions about where and how we invest, including closing underproductive stores and streamlining operations," Macy's CEO Tony Spring said in a Wednesday news release. "These decisions are not made lightly. We communicated directly with affected colleagues first and are providing support, including transfer opportunities where available, as well as severance and outplacement resources where applicable."

Spring said the "targeted changes allow us to focus where it will have the greatest impact – reimagining our best stores, enhancing customer service, expanding our luxury business, and advancing our supply chain capabilities."

The two pending closures come after the department store chain closed nine stores in the Golden State in 2025, significantly reducing Macy's presence in the state.

The nine closures in 2025 included Macy's stores at:

• Los Angeles — Broadway Plaza
• Sacramento — Downtown Plaza
• San Mateo — Hillsdale Furniture
• San Diego — Mission Valley Home
• Newark — NewPark Mall
• Chula Vista — Otay Ranch Town Center
• Citrus Heights — Sunrise Mall
• Corte Madera — Village at Corte Madera
• Westminster — Westminster Mall

— With reporting by Chris Lindahl, Alexis Tarrazi, Chris Dehnel and Michelle Rotuno-Johnson