Property and Equipment

12 Months Ended

Jan. 31, 2026

Property, Plant and Equipment [Abstract]

The following table presents property and equipment, net:


	Estimated Useful Lives (Years)	January 31, 2026		February 1, 2025
Buildings and leasehold improvements	1-10	179.3		304.2
Fixtures and equipment	3-10	196.1		264.3
Software and hardware	3	155.9		178.5
Construction-in-progress		5.2		5.4
Total property and equipment		536.5		752.4
Accumulated depreciation		(488.2)		(684.2)
Property and equipment, net (1)		$	48.3	$	68.2

(1) Property and equipment reclassified as held for sale that related to our French disposal group are excluded from the table above and presented with Property and equipment, net within Assets Held-for-Sale in our Consolidated Balance Sheets as of January 31, 2026.

Our total depreciation expense was $19.4 million, $38.4 million and $55.3 million for fiscal 2025, 2024 and 2023, respectively, and is recorded in Selling, general, and administrative expenses in our Consolidated Statements of Operations.

In fiscal 2024, we closed our distribution facility in York, Pennsylvania and consolidated U.S. fulfillment activities into our facility in Grapevine, Texas. During the same period, we relocated our U.S. refurbishment operations into our Grapevine, Texas distribution and administration facility; previously, refurbishment operations were conducted in a separate facility also located in Grapevine. We also divested our operations in Italy, which included our facility in Milan.

In fiscal 2025 we divested our operations in Canada, including our distribution and administration facility in Brampton, Ontario. During the same period, management approved a plan to divest our operations in France, and all related property and equipment were reclassified as held for sale.

GameStop Corp. 10-K