During the second quarter of fiscal 2025, the Company completed the sale of its Canadian subsidiary, Electronics Boutique Canada, Inc., which operated its Canadian retail stores and e-commerce business. Prior to the sale, the assets and liabilities of the Canadian operations were classified as held for sale in the Company’s condensed consolidated balance sheets. Upon completion of the sale, those assets and liabilities were derecognized and are no longer reflected in held-for-sale balances in subsequent periods. The proceeds from the sale and related loss on disposal were immaterial to our financial statements.

During the second quarter of fiscal 2026, the Company completed the sale of its French subsidiary, Micromania GameStop SAS, which together with its subsidiaries operated its French retail stores and e-commerce business. Prior to the sale, the assets and liabilities of its French operations were classified as held for sale in the Company's condensed consolidated balance sheets. Upon completion of the sale, those assets and liabilities were derecognized and are no longer reflected in held-for-sale balances in subsequent periods. The proceeds from the sale and related loss were immaterial to our financial statements.

There were no assets and liabilities classified as held for sale as of August 1, 2026. The assets and liabilities classified as held for sale as of August 2, 2025 and January 31, 2026 relate solely to the France operations. The components are as follows:


	August 1, 2026		August 2, 2025		January 31, 2026
Assets Held for Sale
Cash and cash equivalents	$	—	$	9.1	$	22.5
Marketable Securities	$	—	$	23.2	$	—
Receivables, net	—		6.8		8.7
Merchandise inventories, net	—		61.8		53.6
Prepaid expenses and other current assets	—		7.1		5.8
Property and equipment, net	—		12.6		12.9
Operating lease right-of-use-assets	—		57.0		58.3
Other noncurrent assets	—		15.0		15.3

Total assets held for sale (gross)	—		192.6		177.1
Less: Impairment loss	—		(15.6)		(30.6)
Total assets held for sale (net)	$	—	$	177.0	$	146.5

Liabilities held for sale
Current liabilities	$	—	$	101.6	$	86.4
Noncurrent liabilities	—		50.1		49.7
Total liabilities held for sale	$	—	$	151.7	$	136.1

Based on the estimated fair value of these businesses, less costs to sell, the Company recognized an impairment charge of $33.4 million on assets held for sale related to the French and Canadian disposal groups during the first half of fiscal 2025.

For fiscal 2025 and the first half of fiscal 2026, the Company recognized net impairment charges of $29.8 million and a net impairment reversal of $6.9 million, respectively, primarily related to the French disposal group. These amounts reflect the remeasurement of the carrying value of the French disposal group to fair value, less costs to sell, and include the impact of currency translation adjustments previously recorded in Accumulated other comprehensive income.