GameStop - Knowledge

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t-shirts, figurines and bobbleheads. The newspaper noted former staff agreed that the Australian divisions' merchandise pivot has been key to the divisions survival in Australia's tough retail landscape. However, they also pointed to the pre-owned games segment as a major part of its success. GameStop's Australian division has been the only profitable segment of the global GameStop business for the 2020, 2021 and 2022 fiscal years. The company reported profits of US$ 9.4 million, US$ 52.2 million and US$ 30.6 million for each fiscal year respectively.

1159:. On May 11, 2018, Mauler resigned due to "personal reasons" and chairman Dan DeMatteo was named interim CEO. Mauler did not take any severance package or separation benefits. On May 31, 2018, GameStop named Shane Kim as interim CEO. Kim was replaced by George Sherman in March 2019. On March 12, 2020, it was announced that a group of shareholders including Hestia Capital Partners LP and Permit Capital Enterprise Fund LP sent a "threat" letter to the Grapevine, Texas, company's board, urging it to appoint a stockholder representative as a director. 790: 1051:

game. Upon revelation of the policy, many current and former GameStop employees revealed stories of how the policy has led to them lying to customers. Many more claimed that the policy had led to poor working conditions and emotional distress. Later that month, GameStop reformed the program to solely focus on the store as a whole instead of the previous individual employee basis, though still maintaining a heavy emphasis on the individuals' performance to maintain strong store metrics.

937: 1060: 1207: 1127: 321: 3376: 3323: 3282: 1947: 1894: 1853: 1099:, the most likely buyer, with a target deal expected by February 2019. However, on January 29, 2019, GameStop reported it had stopped looking for a buyer for the company, due to a "lack of available financing on terms that would be commercially acceptable to a prospective acquirer", and was looking for other actions to help re-establish its financial ground. Shares dropped 27% to a 14-year low immediately following this announcement. 767: 6856: 372: 355: 338: 298: 1786:. GameStop executive Mark Stanley said the concept was to help the chain have more direct communication with players, and would expect to expand out to other similar distribution deals with other developers if this one succeeds. In April 2016, GameStop created the GameTrust Games publishing division to serve as a publisher for mid-sized developers. In April 2016, GameTrust Games announced it was working with 1525: 1289: 6842: 589: 49: 665:. Babbage's and Software Etc. Continued to operate as independent subsidiaries of NeoStar and retained their respective senior management teams. Babbage's founder and chairman James McCurry became chairman of NeoStar, while Babbage's president Gary Kusin and Software Etc. President Daniel DeMatteo retained their respective titles. Software Etc. chairman 758:. Barnes & Noble retained control over the newly public company with 67% of outstanding shares and 95% of voting shares. Barnes & Noble retained control over GameStop until October 2004, when it distributed its 59% stake in GameStop to stakeholders of Barnes & Noble, making it an independent company. 1641:

In September 2023, Cohen took over as CEO of the company, in addition to his chairman role, without collecting a salary. In March 2024, it was announced that GameStop would cut an unknown number of staff in an effort to achieve profitability. However, the company also noted that these cuts may strain

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which largely permitted retail stores to remain open with capacity limits in place. This meant, unlike other arms of the GameStop business, the Australian arms stores remained open for the substantial majority of the pandemic. National Cabinet only mandated some brief regionally targeted entire store

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After reporting that it had missed analysts' expectations during the 2nd quarter of the fiscal year 2019 ending August 2019, as reported in September 2019, GameStop announced that it was planning to close about 180–200 underperforming stores of the 5,700 it had worldwide in the short term, along with

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There is uncertainty around the size of the effect of short sellers closing their position. The SEC released a report claiming "While a short squeeze did not appear to be the main driver of events, and a gamma squeeze less likely, the episode highlights the role and potential impact of short selling

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would enter the next console generation with a physical disc drive and therefore likely extend the longevity of GameStop. He also noted that the company's balance sheet was in good condition. In December 2019, GameStop announced that it spent $ 178.6 million to buy 34.6 million shares, or 34% of the

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In February 2017, it was revealed that GameStop enforced, on all of its retail employees, a program known as Circle of Life. The policy itself was made to ensure that each employee would allow a certain percentage of their sales to pre-orders, rewards cards, used games, or have a customer trade in a

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purchased Babbage's Etc. for $ 215 million. Because Babbage's Etc. was principally owned by Leonard Riggio, who was also Barnes & Noble's chairman and principal shareholder, a special committee of independent directors of Barnes & Noble Booksellers evaluated and signed off on the deal. A few

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exceeded 100%, the company's stock price skyrocketed from $ 17.25 to over US$ 500 per share. According to the SEC report, this volatility was only in part due to the massive buying power of retail investors. The company received significant media attention during January and February 2021 due to the

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filed a lawsuit against GameStop as the latter allegedly denied payment of fee worth $ 30 million for a project. GameStop argued that it saw it is in the best interest of its stakeholders to deny payment as BCG brought little improvement to the EBITDA of the company, which the consultancy allegedly

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of new video game sales. Some video game developers and publishers have criticized GameStop for its practices, as they receive no share of the revenue from the sale of used games. GameStop responded to these criticisms in 2009 by stating that 70% of store credit generated by game trade ins was used

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and removed the ability for the creator's account to mint new NFTs on its platform. In another case, a user sold hundreds of NFTs associated with HTML5 games they did not have a license for. GameStop removed their minting ability and the listings for the NFTs on their marketplace, although the NFTs

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in North America, with employees and social media users accusing the company of placing its business ahead of the safety of its staff and customers, in order to capitalize on an influx of video game purchases and related products for entertainment during the pandemic and related lockdowns. GameStop

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NeoStar merged its Babbage's and Software Etc. units into a single organization in May 1996 amid declining sales. Company president Daniel DeMatteo also resigned, and NeoStar chairman and CEO James McCurry assumed the title of president. In September of that year, after NeoStar was unable to secure

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Ultimately, it turned out that BCG's lawsuit lacked the merit to be carried out in court. GameStop's claim about BCG not having delivered any value and not being owed any money for their supposed "services" was not controversial after all, and the lawsuit regarding these matters was dismissed with

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GameStop TV is the in-store television network run internally by GameStop, with non-endemic sales in partnership with Playwire Media. GameStop TV features programming targeted to consumers shopping in GameStop stores. Each month brings content segments about upcoming video game releases, exclusive

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required GameStop to close the physical operation of all of its 3,500 stores from roughly March to May 2020, though not without some controversy in the early stages. Throughout this time, it continued with online and curbside sales. Sherman and the board of directors took a 50% pay cut while other

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reported the diversification into merchandise through the establishment of the Zing Pop Culture brand in 2014 had been vital in keeping the company profitable. The newspaper reported the greater focus on merchandise allowed the company to tap into the lucrative, higher-margin merchandise market of

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described GameStop's investment in Spring Mobile as a failure, with estimates that the company spent $ 1.5 billion on acquisitions on Spring Mobile and store locations, but only gained $ 700 million from the sale of Spring Mobile to Prime Communications in 2018, leaving them $ 800 million in debt.

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service. Following these reports, GameStop announced it would close over 150 stores in 2017 and expand its non-gaming business. On the same day, however, GameStop said it planned to open 65 new Technology Brand stores and 35 Collectibles stores due to a 44% and 28% increase in sales, respectively.

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In July 2014, GameStop's Australian Division EB Games Australia introduced ZiNG Pop Culture—a pop culture retailer. ZiNG Pop Culture has since expanded to over 50 standalone stores as well as numerous large format hybrid stores, which include both an EB Games and Zing Pop Culture store in a single

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Following his purchase of NeoStar's assets, Leonard Riggio dissolved the holding company and created a new holding company named Babbage's Etc. He appointed Richard "Dick" Fontaine, previously Software Etc.'s chief executive during its expansion in the late 1980s and early 1990s, as Babbage Etc.'s

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GameStop's Australian division has been focused on increasing higher-margin merchandise and opening more large format hybrid stores which include both an EB Games and Zing Pop Culture store in a single location. These locations have an expanded selection of merchandise based on both games and pop

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In December 2022, GameStop laid off a large portion of the team working on the NFT platform. In August 2023, GameStop announced wind down of its crypto and NFT wallet citing "regulatory uncertainty". As of December 2023, Gamestop's NFT marketplace still allowed users the ability to trade in-game

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over the following days, GameStop announced that it would close all locations effective March 22, with selected locations continuing to offer contact-free curbside pickup (where an employee, wearing either gloves or a bag over their hands, would slip the customer's order through the front door,

1230:. The letter also revealed that Scion owned approximately 2,750,000 shares, or about 3.05% of GameStop. The stock price of GameStop, which had been in steady decline in share price since late January 2019, spiked roughly 20% after Burry revealed that he was buying the stock in an interview with 1599:

In February 2021, GameStop announced that its finance chief Jim Bell, appointed in June 2019, would leave the company on March 26, 2021. Though no official reason was given for Bell's departure, the company said that it did not have to do with a disagreement with the company or its operations.

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platform acquired from Stardock, and renamed GameStop PC Downloads. Under the ownership of GameStop, the service was redesigned and sold games that use other platforms such as Steam while also selling games that use its own proprietary DRM solution, Impulse:Reactor. GameStop shut down both PC

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games at a Toronto location induced large public gatherings discouraged by officials. The city's public health chief Eileen de Villa stated that the gathering did not "line up with what we expect from those in our community who are interested in protecting and strengthening our community".

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had announced a state-wide stay-at-home order on March 19; while GameStop had originally stated to its stores it was an essential retail business, by March 20 GameStop instead decided to close down its California branches, while keeping most other nationwide stores open. Following similar

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in 2004 as a standalone store that focused on new and used movies. More than 42 locations were opened, which typically adjoined or were adjacent to GameStop locations. GameStop spun off MovieStop to private owners in 2012. In November 2014, Draw Another Circle LLC, a company controlled by

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Game publishers obtain more pre-orders by including exclusive in-game or physical bonuses, available only if the player pre-ordered the game. Bonuses typically include extras such as exclusive characters, weapons, and maps. For example, GameStop included an additional avatar costume for

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had also bid to purchase NeoStar, but the judge presiding over NeoStar's bankruptcy accepted Riggio's bid because it kept open 108 stores more than Electronics Boutique's bid would have. Approximately 200 retail stores were not included in the transaction and were subsequently closed.

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of US$ 625.3 million and operating earnings of US$ 52.2 million. This was an increase of US$ 42.8 million in operating earnings compared to the pre-pandemic Fiscal Year 2019 where the company posted net sales of US$ 525.4 million and operating earnings of US$ 9.4 million.

1456:) disputed the argument, saying that the high-end, gaming-oriented peripherals (such as keyboards and mice) sold at GameStop were not necessarily essential for remote work, and that cheaper alternatives were readily available at stores allowed to remain open, such as 1214:

A leaked email revealed on July 31, 2019, indicated that 50 employees, including district and regional managers, would be laid off as a result of reorganization efforts. In August 2019, GameStop laid off over 120 people, including about half of the staff of

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was a magazine owned by GameStop, Inc. It was discontinued in August 2024. It was primarily sold through subscriptions which could be purchased at GameStop locations. A subscription to the magazine was included for members of GameStop's PowerUp Rewards Pro

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stated that "everyone in this province has a responsibility to make sure we protect each other and I am very, very disappointed in the store owner that would do this". EB Games later announced that it would close all Canadian stores on March 21.

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developing metrics to evaluate other potential closures over the next two years. In March 2020, four members of GameStop's board of directors – Dan DeMatteo, Gerald Szczepanski, Larry Zilavy, and Steve Koonin – stepped down and were replaced by

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In December 2021, GameStop posted a larger-than-expected loss in the fiscal third quarter, and investors are waiting to hear how the ailing company plans to restructure its operations and entice gamers back. In extended trade, shares plummeted.

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Acquired Electronics Boutique Holdings Corp. ("EB Games"), a United States-based video games retailer operating approximately 2,300 stores expanding GameStop's operations in/into Australia, Canada, Europe, New Zealand and the United States.

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promised to improve. BCG counter argued that the company has delivered more than it promised in statement of proposal and that the quoted variable fee was based on the "projected", not realised, improvement in EBITDA, as per the contract.

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authorized reseller and repairer founded in 2006. GameStop acquired the remaining 50.1% of ownership in November 2013. GameStop tried to target areas for potential new Simply Mac locations in smaller markets that did not have an existing

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became GameStop CEO in June 2010. He replaced Daniel DeMatteo who was named executive chairman of the company. Under his leadership, in 2012, GameStop's digital revenue grew from $ 190 million in 2011 to more than $ 600 million in 2012.

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within a reasonable driving distance. In January 2017, GameStop closed many Simply Mac locations. The chain had as many as 70 locations at the time of the announcement. In 2019, GameStop divested Simply Mac; at that time it had 43

9887: 811:(formerly Electronics Boutique) for $ 1.44 billion. This expanded GameStop's operations into Australia, Canada, Europe and New Zealand. GameStop's operations expanded to over 4,250 stores worldwide as a result of the acquisition. 739:, for $ 160 million. Babbage's Etc., which had been previously operating as a direct subsidiary of Barnes & Noble, became a wholly owned subsidiary of Funco. With its acquisition of Funco, Barnes & Noble also acquired 1665:

The Beta version of the platform launched on July 11, 2022. The marketplace is curated, with a vetting process in place for artists; in July 2022 GameStop removed an NFT associated with artwork which referenced the photo

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resigned from GameStop on January 31, 2018, and died on March 4, 2018. DeMatteo, GameStop's executive chairman stepped in as interim chief executive officer. On February 6, 2018, the company announced Michael K. Mauler as

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in separate transactions. Spawn Labs was a developer of technology that allowed users to play video games that were run remotely on machines in data centers rather than their personal computer or console. Impulse was a

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chief executive. Daniel DeMatteo, previously the president of both Software Etc. and NeoStar, became company president and COO. Three years later, in 1999, Babbage's Etc. launched its GameStop brand with 30 stores in

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Daniel DeMatteo replaced Richard Fontaine as GameStop CEO in August 2008. DeMatteo had served as company COO since 1996. Fontaine, who had been GameStop chairman and CEO since 1996, remained the company's chairman.

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executives Matt Furlong and Mike Recupero as CEO and CFO respectively. Furlong took over the position of CEO from Sherman on June 21, 2021. Furlong was removed from his position as CEO in June 2023 and replaced by

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of $ 673 million. This was a change from the net profit of $ 34.7 million in the previous year. The net sales for fiscal year 2018 were down 3% year-on-year to $ 8.29 billion. The company also eliminated its

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As of January 28, 2023, the company operated 4,413 stores including 2,949 in the United States Division, 216 in the Canada Division, 419 in the Australia Division and 829 in the Europe Division.

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Gary Kusin resigned as president of Babbage's in February 1995 to start a cosmetics company. Daniel DeMatteo, formerly president of Software Etc., assumed Kusin's duties and was promoted to president and

9342: 10035: 8773: 8366: 9937: 9959: 9439: 8941: 8615: 1047:. This has resulted in a decline in sales at GameStop. In 2017, GameStop reported a 16.4% drop in sales for the 2016 holiday season, but expressed optimism in its non-physical gaming businesses. 677:

of NeoStar. NeoStar chairman James McCurry was also appointed to the newly created position of NeoStar CEO. The company relocated from its headquarters in Dallas to Grapevine later that year.

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stated that it would suspend in-store events (including midnight launches) and the use of demo stations, perform additional cleaning, and structure lines and limit store capacity to enforce

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was the only arm of the global GameStop business not to report huge COVID-related losses, with sales instead soaring by 30 per cent. In Australia COVID-19 lockdowns were managed by the

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items using other NFT wallets (such as MetaMask). However, in January 2024, Gamestop ultimately announced that on February 2, 2024, the NFT marketplace would be shuttered completely.

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resulted in a 1,500% increase in GameStop's share price over the course of two weeks, reaching an all-time intraday high of over US$ 500.00. As of January 29, 2021, on the

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Acquired Free Record Shop Norway AS ("Free Record Shop"), a Norway-based record store retailer operating 49 stores. GameStop converted these record stores into video game stores.

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executives took a 30% cut to offset losses. While digital sales grew by 519%, its retail dropped by more than 30% in the same period from the prior year, and the chain reported a

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GameStop provides its customers either cash or trade credit in exchange for customers' unwanted video games, accessories, and tech. The used video game trade-ins have twice the

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Acquired a majority interest in Gamesworld Group Limited ("Gamesworld"), an Ireland-based video game retailer operating 10 stores expanding GameStop's operations into Ireland.

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The financial results for 2018 showed the biggest loss in GameStop company history. For the 52-week period ending on February 2, 2019, GameStop reported a record-breaking

8144: 7027: 13748: 13261: 7817: 1587:. This effect was mainly attributed to short sellers using illegal business practices causing the stock to be shorted over 100 percent of the free float of the company. 8713: 8169: 12351: 9756: 7925: 10746: 8596: 7881: 5373:

Acquired The Gamesman Limited ("The Gamesman"), a New Zealand-based video game retailer operating 8 video game stores expanding GameStop's operations in New Zealand.

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that they did not receive additional cleaning supplies that were to be provided by corporate, requiring them to purchase them on their own and request reimbursement.

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Acquired Game Brands Inc. ("Rhino Video Games"), a United States-based video game retailer operating 72 stores and expanding GameStop's United States operations

13653: 13474: 13354: 12291: 10949:"SO ORDERED AND ~Util - Terminate Civil Case – #239 in The Boston Consulting Group, Inc. v. GameStop Corporation (D. Del., 1:22-cv-00363) – CourtListener.com" 10025: 8763: 8362: 508:), and is the largest video game retailer worldwide. As of February 2024, the company operates 4,169 stores including 2,915 in the United States, 203 in 12759: 10988:"Autism Speaks MSSNG database provides data for world's largest autism whole-genome sequencing study, revealing 134 autism-linked genes | Autism Speaks" 9726: 9927: 8544: 8240: 13693: 13494: 12950: 12241: 10987: 10934: 7622: 1627:

In July 2022, it was announced that Mike Recupero was fired as CFO. He was replaced by Diana Saadeh-Jajeh, who was the company's chief accounting officer.

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Acquired SFMI Micromania ("Micromania"), a France-based video game retailer operating 332 video game stores expanding GameStop's operations into France.

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On August 3, 2016, GameStop acquired 507 AT&T store chains in plans to diversify into new businesses and less dependent on the video game market.

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Atrix (formerly @play) is GameStop's in-house store brand. GameStop sells gaming accessories, Headsets, Mice and Keyboards under the Atrix brand.

836:, a French video-game retailer, for $ 700 million. GameStop, which had previously owned no stores in France, now had 332 French video-game stores. 13898: 12985: 12910: 10307: 9069: 9038: 10703: 10477: 9637: 9258: 8684: 7765: 7382: 7267: 13628: 12855: 12286: 12266: 11774: 11716: 10895: 10562: 9902: 9799: 8306: 10645: 10539: 9497: 7901: 7831: 13923: 9104: 7866: 7127: 10948: 10443: 9404: 9283: 13903: 13683: 12236: 9478: 9464: 8331: 7740: 1453: 1074:

Shares of GameStop stock fell 16% in 2016. On February 28, 2017, shares dropped an additional 8% following Microsoft's announcement of its

8264: 743:, a video game magazine that was first published in 1991. Funco was renamed GameStop, Inc. in December 2000 in anticipation of holding an 12021: 11749: 9686: 9528: 9334: 8659: 7698: 9849: 8905: 7965: 657:-based retailer that specialized in personal computing software, to create NeoStar Retail Group in 1994. The merger was structured as a 10828: 9145: 8634: 6920: 10782: 10265: 9119: 8389: 8010: 13484: 12965: 9771: 9658: 9227: 10859: 9171: 1203:, and to introduce new ways for customers to try games before buying them. Each concept store is expected to be mutually exclusive. 13784: 10089: 9824: 8738: 8560: 8508: 8099: 7996: 1354: 682: 10090:"U.S. Securities and Exchange Commission, "Staff Report on Equity and Options Market Structure Conditions in Early 2021," page 24" 9981: 9196: 8193: 7245: 11603: 11595: 11574: 11566: 11545: 11516: 11487: 11458: 11429: 11400: 11371: 11342: 11313: 11284: 11255: 11226: 11197: 11168: 11139: 11110: 11081: 11052: 11023: 10761: 10150: 10010: 8809: 7467: 7410: 7348: 7324:"Barnes & Noble Makes Another Play in Video Games — Funco Purchase Wagers That Future Growth Action Will Be in That Industry" 6905: 1662:

reported that "GameStop is building an NFT platform as part of an ambitious plan to transform itself into the Amazon of gaming."

11537: 13893: 10180: 8183: 8125: 8051:"Draw Another Circle, LLC Adds MovieStop To Its Portfolio Of Companies To Create A Family Of Specialty Entertainment Retailers" 7001: 1226:'s investment firm Scion Asset Management sent a letter to GameStop executives urging the company to engage in a $ 238 million 10006: 8861: 8207: 8159: 13888: 10201: 8788: 9746: 7944: 7786: 7048: 13913: 10736: 8586: 10910: 7363: 11421: 11392: 8982: 11508: 11479: 11450: 11363: 11334: 11305: 11276: 11247: 11218: 11189: 11160: 11131: 8432: 1673:

themselves remain on the blockchain, the games themselves on Gamestop's servers, and can be sold on other marketplaces.

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In April 2021, George Sherman announced that he will step down as CEO of GameStop by July 31, 2021. Also in April 2021,

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The leadership changes were not enough; in November 1996, the assets of NeoStar were purchased for $ 58.5 million by

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GameStop's Canadian subsidiary EB Games faced similar criticism on March 20 as well, as morning lineups for the new

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reported on March 17 that several stores in the San Francisco area had remained open, seemingly in violation of a

10501:"GameStop is building an NFT platform as part of an ambitious plan to transform itself into the Amazon of gaming" 10067: 9124: 8664: 8394: 8269: 8164: 7970: 7949: 7791: 7512: 7251: 7074: 6971: 1635: 629:, an early investor in the company. The company quickly began to focus on video game sales for the then-dominant 10221: 8635:"The world's biggest video game retailer, GameStop, is dying: Here's what led to the retail giant's slow demise" 7632: 6921:"The world's biggest video game retailer, GameStop, is dying: Here's what led to the retail giant's slow demise" 1381:

still planned for release in the latter part of 2020, Sherman expected to be able to recover from these losses.

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The market for physical game media has been in a state of decline due to downloadable games on services such as

13171: 11824: 10718:"GameStop Redesigns PowerUp Rewards Loyalty Program, Providing Pro-Level Members More Benefits and Flexibility" 9008: 1321: 9585: 7406: 13673: 13539: 12419: 12296: 11702: 11681: 9559: 1549: 1395: 727: 7490: 7148: 13384: 13236: 12564: 11725: 10667: 8866: 8535:"GameStop shares sank 8 percent on Tuesday after Microsoft unveiled a new attack on the used game business" 7656: 973: 7106: 13424: 13221: 13196: 13106: 12701: 543:

The company's performance declined during the mid-to-late 2010s due to the shift of video game sales to

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Acquired Geeknet, Inc. ("ThinkGeek"), a United States-based online and wholesale Pop Culture retailer.

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Acquired Spring Communications, Inc. ("Spring Mobile"), a United States-based Apple wireless retailer.

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for each product sold by the retailer, although the exact percentage of this share was not disclosed.

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On October 8, 2020, GameStop announced an agreement with Microsoft to migrate backend systems to

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Acquired Simply Mac, Inc. ("Simply Mac"), a United States-based Apple specialty store retailer.

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received a nuisance citation by local police, who deemed the curbside pickup a violation of the

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An EB Games and ZiNG Pop Culture 'Hybrid' store from GameStop's Australian division located in

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In 2007, GameStop acquired Rhino Video Games, who operated 70 video game stores throughout the

661:, where shareholders of Babbage's and Software Etc. received shares of NeoStar, a newly formed 561: 1014: 13454: 13231: 13041: 12654: 12524: 12414: 12231: 11940: 9952:"EB Games to close Saturday, as Ford fumes while dozens line up for launch, despite pandemic" 9263: 1727: 1249:, at an average price of $ 5.14 per share. In May 2020, Burry lowered his stake in GameStop. 572: 9358:"GameStop soars after 'Big Short' investor Michael Burry says it still has big upside (GME)" 9335:"Scion Asset Management Urges GameStop to Buy Back $ 238 Million of Stock with Cash on Hand" 8981: 7555: 7511: 1822:' research that could be used for eugenics, despite regular campaigns against this from the 1257:, Bill Simon and J.K. Symancyk as part of the company's effort to turn around the business. 1079:

GameStop's total revenue fell 7.6% to $ 3.06 billion in the quarter ended February 2, 2018.

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to purchase new rather than used games, generating close to $ 2 billion in annual revenue.

1557: 1064: 867: 701: 557: 552: 302: 283: 8616:"GameStop Reports Fourth Quarter and Fiscal 2018 Results and Provides Fiscal 2019 Outlook" 1718: 1452:(which was shut down on March 20 by order of the police to comply with a similar order in 1421:

issued by Bay Area counties that restricts non-essential business. Several employees told

1341: 8: 13794: 13587: 13166: 13066: 13056: 12995: 12734: 12444: 12356: 12246: 12061: 11819: 10026:"GameStop mania explained: How the Reddit retail trading crowd ran over Wall Street pros" 8961: 8458:"'We Are All Scared For Our Jobs': GameStop Employees Share Their Circle Of Life Stories" 8290: 8104: 7836: 7677: 7049:"4 retro video game and software stores that have been deleted from malls across America" 1631: 1529: 1390: 1293: 1277: 1131: 1096: 1036: 681:

the credit necessary to purchase inventory for the holiday season, the company filed for

500:, consumer electronics, and gaming merchandise retailer. The company is headquartered in 9638:"GameStop CEO George Sherman, Executive Team Take 50% Pay Cut Amid Coronavirus Pandemic" 8932:"Former GameStop CEO Paul Raines, known for his personable leadership style, dies at 53" 8764:"GameStop crashes to 14-year low after board terminates plans to sell the company (GME)" 8286:"Former GameStop CEO Paul Raines, known for his personable leadership style, dies at 53" 1484:

stay-at-home order. GameStop subsequently ceased offering curbside pickup in the state.

1254: 1172: 13829: 13688: 13643: 13602: 13597: 13409: 13359: 13186: 13076: 12789: 12764: 12341: 12331: 12046: 12041: 10890: 10698: 8743: 7273: 7133: 6861: 6283: 1823: 1651: 1634:. In June 2023, all stores had closed down and their Irish website closed down at 4pm ( 1545: 1509: 1477: 1441: 1418: 1330: 1246: 1196: 1156: 862: 840: 686: 525: 434: 393: 278: 777: 13883: 13804: 13419: 13369: 13301: 13211: 13201: 13151: 13091: 13071: 12920: 12820: 12549: 12176: 12121: 12086: 12026: 11960: 11930: 11915: 11900: 11754: 10161: 9932: 9751: 9434: 9382:"GameStop Reports Third Quarter Fiscal 2019 Results and Updates Fiscal 2019 Guidance" 9096: 8136: 7745: 7475: 7153: 1413: 1385: 1269: 1092: 697: 455: 410: 7722:"GameStop Announces Acquisition of Spawn Labs and Agreement to Acquire Impulse, Inc" 7579: 7446: 7323: 7297: 7222: 7199: 1393:. To prevent enlarged crowds for two high-profile video game releases on March 20 — 1272:

products by employees. It was later reported that this agreement would also include

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In March 2024, GameStop announced net income of $ 6.7 million for fiscal year 2023.

13374: 13364: 13271: 13101: 12990: 12865: 12744: 12544: 12474: 12326: 12196: 12036: 11945: 11895: 11744: 11739: 10133: 9882: 9825:"GameStop claims it is "essential retail" to remain open amid coronavirus pandemic" 9362: 9311:"GameStop Lays Off Over 100 People, Including Nearly Half Of Game Informer's Staff" 8768: 8639: 8539: 8215: 8073:"Tully & Holland advises GameStop in the divestiture of its MovieStop division" 7606: 7539: 7053: 7032: 6943: 6925: 6847: 1782: 1764: 1616: 1552: 1502: 1468: 1083: 879: 826: 654: 622: 501: 364: 179: 11676: 9800:"GameStop says it's "essential retail" to fight forced closures [Updated]" 6972:"GameStop Shuts Down Game Informer, The Longest-Running Gaming Magazine In The US" 3384: 3331: 3290: 1955: 1902: 1861: 1630:

In May 2023, it was announced that GameStop was closing down all of its stores in

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being the most heavily impacted. For fiscal year 2020 the Australian arm reported

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remaining behind the glass) and home delivery. In early April 2020, a location in

13854: 13489: 13479: 13176: 13156: 13146: 13141: 13131: 13031: 12724: 12691: 12639: 12634: 12624: 12519: 12504: 12186: 11970: 11910: 11829: 11814: 10766: 10594:"GameStop, citing "regulatory uncertainty," winds down its crypto and NFT wallet" 8906:"GameStop Reports Wider Loss as Investors Await News on Strategy - BNN Bloomberg" 8793: 7534: 7424: 6823: 6630: 1777: 1707: 1668: 1608: 1449: 1273: 1068: 1044: 1019: 976:, focused on children's products, and carried only games rated "Everyone" by the 961: 941: 662: 618: 544: 529: 450: 11671: 9228:"GameStop Is Testing Much Different Store Layouts, Including Retro-Focused Ones" 8363:"ERA: 2016 physical games revenue down 16.4% year-on-year, but digital up 12.1%" 1188:

were shut at the end of March 2016, citing increased rates of government taxes.

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In October 2012, GameStop acquired a 49.9% ownership interest in Simply Mac, a

751: 693: 666: 638: 401: 159: 70: 10935:"GameStop refused to pay $ 30 million bill from consulting firm, lawsuit says" 9612:"'Mario cuts through everything': How EB Games survived retail's great battle" 7926:"Cool Holdings to Buy Simply Mac from GameStop As It Executes Expansion Plans" 980:, along with merchandise of popular franchises aimed towards the demographic. 858:-based website for browser-based games. In 2017, it was sold for $ 55 million. 13877: 13839: 13444: 13326: 13241: 13121: 13051: 12794: 12769: 12706: 12644: 12604: 12554: 12434: 12271: 12251: 12216: 12201: 12171: 12151: 12056: 12001: 11769: 10721: 10287:"Why some investors are excited about Ryan Cohen as GameStop's next chairman" 10165: 9385: 9338: 9100: 8718: 8619: 8417: 8140: 7812: 7766:"GameStop closes its game-streaming division — will focus on PlayStation Now" 7725: 7627: 7318: 7292: 1819: 1791: 1787: 1701: 1580: 1481: 1378: 1374: 1350: 1261: 1227: 1223: 1177: 969: 965: 855: 782: 770:

Customers lined up outside of a GameStop store in 2006 for the launch of the

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chairman while James McCurry remained company chief executive and president.

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accused the company of "placing commerce above the public interest", while

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months later, in May 2000, Barnes & Noble acquired Funco, the owner of

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in 1988. By 1991, video games accounted for two-thirds of Babbage's sales.

7298:"Barnes & Noble Agrees to Purchase Babbage's Chain Owned by Its Chief" 5399:

As of 29 January 2022, GameStop Corp. operated 32 subsidiaries.

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After being on medical leave since November 2017 due to reoccurrence of a

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and Zing Pop Culture brands. The company was founded in Dallas in 1984 as

13859: 13849: 13768: 13394: 13311: 12890: 12479: 12429: 12409: 12106: 11920: 11779: 11666: 10312: 10202:"GameStop CEO George Sherman is stepping down, sending the stock soaring" 9064: 8988: 8845: 8188: 8054: 7929: 7770: 7703: 7562: 7518: 7471: 1445: 1334: 1206: 1200: 1185: 1143: 1126: 899: 789: 593: 565: 10973: 10829:"Call of Duty: Blacks Ops pre-order bonuses include art and avatar gear" 9747:"GameStop workers say the company is failing to address the coronavirus" 7808:"GameStop's Simply Mac buys The Mac Store in continued expansion effort" 13819: 13607: 13592: 13519: 13459: 13266: 13136: 12686: 12574: 12469: 12404: 12316: 12301: 12226: 12066: 12031: 11980: 11955: 11885: 11855: 11804: 11789: 10563:"Indie devs outraged by unlicensed game sales on GameStop's NFT market" 9691: 9430:"GameStop to close 180-200 "underperforming" stores globally this year" 8311: 7699:"MTG buys GameStop's mobile game publisher Kongregate for $ 55 million" 7682: 1795: 1655: 1621: 1604: 1463: 1427: 998: 894: 851: 715: 696:, a founder of Software Etc. and chairman and principal stockholder of 658: 630: 626: 548: 497: 418: 330: 273: 251: 97: 11686: 10532:"GameStop is letting someone sell an NFT that references a 9/11 photo" 10057: 3383: