GameStop

GameStop Teams Up with QuadPay to Power Buy Now Pay Later Installment Payments in All Retail Locations and at GameStop.com Ahead of the Holiday Shopping Season

Thursday, September 17, 2020 - 12:10am

QuadPay is available now at GameStops retail stores and at GameStop.com.

Key Points: 
  • QuadPay is available now at GameStops retail stores and at GameStop.com.
  • QuadPay lets consumers split any purchase into four interest-free installments paid over six weeks using their existing credit card or debit card when they shop online or in-store.
  • The retailer operates thousands of locations around the world under the GameStop, EB Games and Micromania retail brands.
  • GameStop, EB Games, and Micromania are part of GameStop Corp. (NYSE: GME), a global specialty retailer that makes the most popular technologies affordable and simple.

GameStop Now Taking Pre-Orders for Sony PlayStation®5 and Sony PlayStation®5 Digital Edition

Thursday, September 17, 2020 - 12:02am

Pre-Orders for Xbox Series X and Xbox Series S Will Begin Sept. 22

Key Points: 
  • Pre-Orders for Xbox Series X and Xbox Series S Will Begin Sept. 22
    GRAPEVINE, Texas, Sept. 16, 2020 (GLOBE NEWSWIRE) -- GameStop announced today it is now taking pre-orders for the Sony PlayStation5 and Sony PlayStation5 Digital Edition consoles.
  • Both next-gen consoles are scheduled to arrive on store shelves November 10 (Xbox Series X and S) and November 12 (Sony PlayStation 5 and Sony PlayStation 5 Digital Edition) respectively.
  • The PlayStation 5 and the PlayStation 5 Digital Edition will retail for $499.99 and $399.99 respectively, while the Xbox Series X and Xbox Series S will retail for $499.99 and $299.99.
  • Customers can sign up for this service at any GameStop store location or via www.gamestop.com or the GameStop app.

GameStop Announces Second Quarter Fiscal 2020 Earnings Release Date

Wednesday, August 26, 2020 - 9:06pm

GRAPEVINE, Texas, Aug. 26, 2020 (GLOBE NEWSWIRE) -- GameStop Corp. (NYSE: GME), today announced that it will report second quarter fiscal 2020 earnings results after the market closes on Wednesday, September 9, 2020.

Key Points: 
  • GRAPEVINE, Texas, Aug. 26, 2020 (GLOBE NEWSWIRE) -- GameStop Corp. (NYSE: GME), today announced that it will report second quarter fiscal 2020 earnings results after the market closes on Wednesday, September 9, 2020.
  • The company will host an investor conference call at 5:00 pm ET on the same day to review the companys financial results.
  • This call and any supplemental information can be accessed at GameStop Corp.s investor relations home page at http://investor.GameStop.com/ .
  • Follow @GameStop and @GameStopCorp on Twitter and find GameStop on Facebook at www.facebook.com/GameStop .

GameStop Now Requiring All Customers to Wear Face Coverings in U.S. Stores

Friday, July 17, 2020 - 6:10pm

GRAPEVINE, Texas, July 17, 2020 (GLOBE NEWSWIRE) -- GameStop announced today it is joining other retailers in requiring all customers to wear face coverings when shopping in all U.S. stores.

Key Points: 
  • GRAPEVINE, Texas, July 17, 2020 (GLOBE NEWSWIRE) -- GameStop announced today it is joining other retailers in requiring all customers to wear face coverings when shopping in all U.S. stores.
  • The new safety measure will take effect July 27, providing the Company time to inform customers of the change, post signage in stores and train associates on the new protocol.
  • We believe this is the right thing to do to ensure the health, safety and well-being of our associates and customers from the growing spread of COVID-19, said George Sherman, chief executive officer for GameStop.
  • Any customer with concerns, or health-related issues in wearing a face covering can shop at GameStop online at www.gamestop.com , or the GameStop mobile app.

Assurant Appoints Former T-Mobile CFO J. Braxton Carter to Its Board of Directors

Thursday, July 2, 2020 - 9:15pm
Key Points: 
  • View the full release here: https://www.businesswire.com/news/home/20200702005372/en/
    Braxton Carter Appointed to Assurant Board of Directors (Photo: Business Wire)
    We are excited to have Braxton join our Board, said Assurant Board Chair Elaine Rosen.
  • We are continuously evolving our Boards composition to further strengthen the breadth of expertise around key growth areas of our business.
  • Carter has also held senior finance leadership roles at PrimeCo Personal Communications (now Verizon Wireless) and Neostar Retail Group (now GameStop).
  • Carter previously served on the Board of Alumni for the Leeds School of Business of the University of Colorado and is a certified public accountant.

Game Informer Says Goodbye to Editor-in-Chief, Andy McNamara

Tuesday, June 30, 2020 - 5:00pm

Mr. McNamara has been part of the Game Informer editorial staff for more than 29 years.

Key Points: 
  • Mr. McNamara has been part of the Game Informer editorial staff for more than 29 years.
  • He was named Editor-in-Chief of Game Informer in 1994 and has been instrumental in growing the publication into an iconic brand within the video game industry.
  • Game Informer Media, launched in 1991 with Game Informer magazine, a legendary product that still stands as the worlds #1 video game magazine featuring articles, news, strategy, and reviews of video games.
  • With a massive community on social media, and multiple popular video programs on YouTube including The Game Informer Show , Replay , and New Gameplay Today , Game Informer speaks to the needs of todays gamers.

GameStop Reports Preliminary Voting Results from Annual Meeting of Stockholders

Friday, June 12, 2020 - 4:01pm

GRAPEVINE, Texas, June 12, 2020 (GLOBE NEWSWIRE) -- GameStop Corp. (NYSE: GME) (the Company) today reported preliminary voting results from the 2020 Annual Meeting of Stockholders (the Meeting) held Friday June 12, 2020.

Key Points: 
  • GRAPEVINE, Texas, June 12, 2020 (GLOBE NEWSWIRE) -- GameStop Corp. (NYSE: GME) (the Company) today reported preliminary voting results from the 2020 Annual Meeting of Stockholders (the Meeting) held Friday June 12, 2020.
  • Based on the preliminary results, the ten directors that will serve as members of the Board of Directors until the next annual meeting of stockholders will include Hestia Capital Partners, LPs and Permit Capital Enterprise Fund, LPs nominees Kurtis Wolf and Paul Evans.
  • We welcome Mr. Wolf and Mr. Evans to the Board, and look forward to working together to deliver value to all GameStop stockholders.
  • Follow @GameStop and @GameStopCorp on Twitter and find GameStop on Facebook at www.facebook.com/GameStop .

Permit Capital And Hestia Capital Nominees Paul J. Evans And Kurtis J. Wolf Elected To GameStop Board Based On Preliminary Voting Results

Friday, June 12, 2020 - 2:16pm

Together, we believe these individuals will help GameStop realize its significant potential in the gaming industry."

Key Points: 
  • Together, we believe these individuals will help GameStop realize its significant potential in the gaming industry."
  • Hestia seeks to leverage its General Partner's expertise in competitive strategy and capital markets to identify attractive situations within this universe of disrupted companies.
  • The Permit Capital Enterprise Fund, through its management company, follows an investing philosophy that seeks to identify securities trading at a discount to intrinsic value.
  • The management company's assessment of intrinsic value is based on its own fundamental research as well as numerous sources of publicly available information.

GameStop Reports First Quarter Results

Tuesday, June 9, 2020 - 9:55pm

Ends First Quarter with $570 million in Cash, Inventory Reduction of 43% and Accounts Payable Decline of 54% Compared to the First Quarter of Fiscal 2019

Key Points: 
  • Ends First Quarter with $570 million in Cash, Inventory Reduction of 43% and Accounts Payable Decline of 54% Compared to the First Quarter of Fiscal 2019
    GRAPEVINE, Texas, June 09, 2020 (GLOBE NEWSWIRE) -- GameStop Corp. (NYSE: GME), today reported sales and earnings for the first quarter ended May 2, 2020.
  • In Australia, where all stores remained open for business during the first quarter, increased demand drove a 35% comparable store sales increase.
  • Gross margin declined 270 bps from the prior year first quarter, driven by the increased mix of hardware compared to the prior year first quarter.
  • Results reported as constant currency exclude the impact of fluctuations in foreign currency exchange rates by converting our local currency financial results using the prior period exchange rates and comparing these adjusted amounts to our current period reported results.

Scion Asset Management Voted in Support of GameStop’s Board and Management

Thursday, June 4, 2020 - 12:42am

Scion Asset Management, LLC (together with its affiliates, Scion) announced that Scion has voted FOR ALL of the 10 nominees proposed by the Board of Directors of GameStop, Inc. As of the record date for GameStops 2020 annual meeting, Scion beneficially owned approximately 3,400,000 shares of GameStops common stock.

Key Points: 
  • Scion Asset Management, LLC (together with its affiliates, Scion) announced that Scion has voted FOR ALL of the 10 nominees proposed by the Board of Directors of GameStop, Inc. As of the record date for GameStops 2020 annual meeting, Scion beneficially owned approximately 3,400,000 shares of GameStops common stock.
  • Scion believes CEO George Sherman, appointed by the Board in 2019, is progressing quickly in reshaping GameStop to thrive into and beyond the coming console upgrade cycle.
  • Scion believes that under Sherman, GameStop is approaching its own reboot in a sensible and innovative manner.
  • Scion noted that Sherman, along with CFO Jim Bell, have revamped working capital management for improved efficiency.