GameStop | Jotup

SEC Chair Gensler Statement on Upcoming Implementation of T+1 Settlement Cycle

Retrieved on:

星期二, 五月 21, 2024

Security (finance), T+2, GameStop, T+1, Commission, T+3, Risk

Shortening the settlement cycle also will help the markets because time is money and time is risk.

Key Points:

Shortening the settlement cycle also will help the markets because time is money and time is risk.
In 2017, the SEC shortened the standard settlement cycle from T+3 to T+2.
While previous transitions were successful, transition to a shorter settlement cycle may lead to a short-term uptick in settlement fails and challenges to a small segment of market participants.
Since the SEC voted to establish a T+1 settlement cycle in the U.S., SEC staff has been monitoring on a continuous basis the efforts of market participants to prepare for the shorter settlement cycle and coordinating with regulatory authorities in North America, Europe, Asia, and other jurisdictions around the world.

GameStop Completes At-The-Market Equity Offering Program

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星期五, 五月 24, 2024

Privacy, Investment, Marketing, Weather, GameStop, Annual report, GME, Consumer, Public expenditure, Perception, Failure, Bank

GRAPEVINE, Texas, May 24, 2024 (GLOBE NEWSWIRE) -- GameStop Corp. (NYSE: GME) (“GameStop” or the “Company”) today announced that it has completed its previously disclosed “at-the-market” equity offering program (the “ATM Program”).

Key Points:

GRAPEVINE, Texas, May 24, 2024 (GLOBE NEWSWIRE) -- GameStop Corp. (NYSE: GME) (“GameStop” or the “Company”) today announced that it has completed its previously disclosed “at-the-market” equity offering program (the “ATM Program”).
GameStop disclosed on May 17, 2024 that it filed a prospectus supplement with the U.S Securities and Exchange Commission to offer and sell up to a maximum amount of 45,000,000 shares of its common stock from time to time through the ATM Program.
The Company sold the maximum number of shares registered under the ATM Program for aggregate gross proceeds (before commissions and offering expenses) of approximately $933.4 million.
GameStop intends to use the net proceeds from the ATM Program for general corporate purposes, which may include acquisitions and investments.

CEC Entertainment Appoints Scott Drake as New Executive Vice President, Chief Financial Officer, and Names New Executives

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星期一, 五月 20, 2024

Coca-Cola Enterprises, Treasurer, Retirement, CFO, CEC, Safety, SVP, EVP, Growth, GameStop, PWC, Chuck E. Cheese, Farmer, Family, General counsel, Management

Scott brings over 30 years of experience in financially led transformational roles impacting operations, franchising international licensing, store unit growth and venue-level revenue management.

Key Points:

Scott brings over 30 years of experience in financially led transformational roles impacting operations, franchising international licensing, store unit growth and venue-level revenue management.
The Company has also named three seasoned industry executives to new leadership positions.
"I am excited by the opportunity to join a company with such great leaders and iconic brands that resonate strongly to so many households," said Scott Drake.
David Deck has been promoted to Executive Vice President, General Counsel & Chief Compliance Officer.

GameStop Announces First Quarter Preliminary Results

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星期五, 五月 17, 2024

Privacy, Investment, Marketing, Weather, GameStop, Annual report, GME, Consumer, Public expenditure, Perception, Failure, Pharmaceutical industry

GRAPEVINE, Texas, May 17, 2024 (GLOBE NEWSWIRE) -- GameStop Corp. (NYSE: GME) (“GameStop” or the “Company”) today announced certain preliminary unaudited financial information for the first quarter ended May 4, 2024.

Key Points:

GRAPEVINE, Texas, May 17, 2024 (GLOBE NEWSWIRE) -- GameStop Corp. (NYSE: GME) (“GameStop” or the “Company”) today announced certain preliminary unaudited financial information for the first quarter ended May 4, 2024.
On a preliminary basis for the 13-weeks ended May 4, 2024 compared to the 13-weeks ended April 29, 2023:
Net sales are expected to be in the range of $0.872 billion to $0.892 billion compared to $1.237 billion in the prior year fiscal quarter.
Selling, general and administrative (“SG&A") expenses are expected to be in the range of $290 million to $300 million, compared to $345.7 million in the prior year fiscal quarter.
Net loss is expected to be in the range of $27 million to $37 million, compared to a net loss of $50.5 million in the prior year fiscal quarter.

Studio Distribution Services (SDS) Strikes Direct Deals With Fred Meyer And Gamestop For Distribution Of 4K Ultra HD, Blu-Ray, And DVD In-Stores

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星期四, 五月 9, 2024

GameStop, Sale, Kroger, Fred Meyer, Blu-ray, DVD, SDS, Universal Pictures Home Entertainment, Television, UNIVERSAL, Dune, Video game

UNIVERSAL CITY, Calif., May 9, 2024 /PRNewswire-PRWeb/ -- Studio Distribution Services (SDS), the leading distributor for film and television physical media entertainment in the United States and Canada, announced two new direct retail relationships to bring select 4K UHD, Blu-ray, and DVD titles to all 132 Fred Meyer grocery stores beginning with the fan-favorite film Dune: Part Two releasing on May 14th, and to a dedicated video wall space for films within 170 GameStop stores nationwide, and to GameStop.com. The strategic partnerships serve to expand access to SDS' extensive portfolio of brands, bringing home entertainment fans a curated selection of new release and catalog films and TV shows on more retailer shelves and online.

Key Points:

The relationship with Fred Meyer will kick off with the anticipated release of Dune: Part Two on May 14th and will expand to include standing retail floor stand fixtures.
"This new relationship with SDS will allow Fred Meyer stores to continue to offer the best and most exciting new releases to our customers.
This move capitalizes on the widespread adoption of gaming consoles as multi-functional entertainment hubs that include both gameplay and film viewing options.
Studio Distribution Services distributes a robust slate of film and television shows on 4K UHD, Blu-ray, and DVD.

Nintendo Brings Home White Knuckle Speedrun Competition with Nintendo World Championships: NES Edition!

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星期三, 五月 8, 2024

(Graphic: Business Wire)

Key Points:

(Graphic: Business Wire)
On July 18, the Nintendo World Championships: NES Edition game kicks off its worldwide — or just living room-bound — competition on the Nintendo Switch family of systems!
And for those whose NES roots run deep, prepare for the nostalgia-plosion that is the Nintendo World Championships: NES Edition – Deluxe Set.
To get a taste of what the game has in store – and to rev up those nostalgic feelings – take a quick crash course in all things Nintendo World Championships: https://youtu.be/ELmBYBga5SY
Paying tribute to the unforgettable in-person Nintendo World Championships held in 1990, 2015 and 2017, Nintendo World Championships: NES Edition challenges players to battle through bite-sized bits of classic blockbusters.
Both old-school and new-school players can enjoy the rush of over 150 speedrun challenges taken from 13 classic NES games.

Tandy Leather Factory Appoints Diana Saadeh-Jajeh to its Board of Directors

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星期五, 四月 19, 2024

GameStop, University, San Francisco State University, Tandy Leather Factory, Business transformation, News, EVP, Security (finance), SVP, Failure, Interim, MBA, Juul, Accounting, TLF

FORT WORTH, Texas, April 19, 2024 (GLOBE NEWSWIRE) -- Tandy Leather Factory, Inc. (Nasdaq: TLF) today announced the appointment of Diana Saadeh-Jajeh to the Company’s Board of Directors.

Key Points:

FORT WORTH, Texas, April 19, 2024 (GLOBE NEWSWIRE) -- Tandy Leather Factory, Inc. (Nasdaq: TLF) today announced the appointment of Diana Saadeh-Jajeh to the Company’s Board of Directors.
Janet Carr, Chief Executive Officer of the Company, said, “We are excited to have Diana Saadeh-Jajeh join our Board.
Diana brings to our Board a wealth of finance and consumer products executive experience, including as a licensed certified public accountant.
With Diana’s exemplary experience, we expect a seamless transition.”
Ms. Saadeh-Jajeh commented, “I am honored to join the Board of Tandy Leather Factory, a cornerstone in the Dallas-Fort Worth area for over a century.

Iterable Celebrates Customers and Partners with 2024 Expie Awards at Activate Summit

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星期三, 五月 1, 2024

Iterable, the AI-powered customer communication platform, today announced the winners of the 2024 Expie Awards at its annual customer conference, Activate Summit .

Key Points:

Iterable, the AI-powered customer communication platform, today announced the winners of the 2024 Expie Awards at its annual customer conference, Activate Summit .
The Expie Awards program celebrates customers that are leveraging Iterable to deliver joyful customer experiences with harmonized, individualized, and dynamic communications at scale.
The Expie Program also recognizes partners who collaborate closely with Iterable to drive customer success.
“We’re thrilled to partner more closely with Iterable to deliver our technology to marketing teams around the world.”
Explore the full list of Iterable’s 2024 Expie Awards winners: https://iterable.com/blog/2024-iterable-expie-awards-winners/
Iterable announced the 2024 Expie Winners during the opening keynotes at Activate Summit , the company's annual customer marketing conference.

Ex-Activision Blizzard Consumer Products President Steve Young Joins Web3 Game Company Param Labs

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星期三, 四月 17, 2024

Blockchain game and technology development studio Param Labs has appointed Steve Young, the former President of Consumer Products at Activision Blizzard, to the board after its recent success with $4 million in revenue over the past eleven months.

Key Points:

Blockchain game and technology development studio Param Labs has appointed Steve Young, the former President of Consumer Products at Activision Blizzard, to the board after its recent success with $4 million in revenue over the past eleven months.
Unilever grew to become one of the largest fast-moving consumer goods companies, with operations in over 60 countries by 2002.
Param Labs is an independent game development studio focusing on blockchain gaming and innovative technology development.
The company also reported having custom characters for web3 gaming company Immutable X and brought NFT projects such as Pudgy Penguins to life in its game.

VCI Global Announces Plans to Accelerate Revenue Growth and Advance AI Innovations

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星期三, 三月 13, 2024

Research, VW, Private equity, Cox Communications, Knowledge, Lufthansa, Capital market, Corporate finance, Silicon, GameStop, BMW, PwC, VCI, Fortune 500, Adobe, Intelligence cycle, Machine learning, Management

These New York and London offices will be led by the recently appointed Group Executive Director, Marco Baccanello.

Key Points:

These New York and London offices will be led by the recently appointed Group Executive Director, Marco Baccanello.
He is an accomplished Corporate Finance and Private Equity executive, specializing in advising fast growing technology companies on financing, growth strategies and merger and acquisitions.
The management is confident that these expansion plans will fuel accelerated revenue growth as the business continues to expand.
VCI Global’s AI R&D Center aims to nurture potential unicorn businesses, enhancing its future value proposition.