GameStop Corp., was launched on 13th April 2005 as an omnichannel video game retailer. The company sells digital and physical video game software, game hardware, mobile, and such consumer products like electronics, accessories for video games as well as merchandise.
The products are sold in EB Games, Micromania and GameStop stores. The company operates in the United States, Australia, Canada, and Europe. The segments primarily consist of retail operations. All the stores engage in the sale or pre-owned and new systems of video games, accessories, and software which are basically video game products.
They also sell various kinds of digital products including network points cards, prepaid digital, downloadable content, a prepaid subscription card, digitally downloadable software and certain consumer and mobile electronic products and collectibles.
Important Update on COVID-19
In regards to pandemic, GameStop operating hours can vary, or even the area can be temporarily sealed as a consequence of quarantine restrictions. Explore the specifics of shipping choices on the local website from the GameStop.
GameStop adjusted their shopping hours to enable the staff some extra time to sanitise as well as to restock goods on cabinets. On top of that, a lot of GameStop spots have finally set up distinct shopping hrs for people in the at-danger community.
What time does GameStop open?
|Monday||10:00 AM – 09:00 PM|
|Tuesday||10:00 AM – 09:00 PM|
|Wednesday||10:00 AM – 09:00 PM|
|Thursday||10:00 AM – 09:00 PM|
|Friday||10:00 AM – 09:00 PM|
|Saturday||10:00 AM – 09:00 PM|
|Sunday||10:00 AM – 06:00 PM|
Is GameStop open today? Is GameStop open tomorrow?
Is GameStop open on Sunday? Yes, it’s open.
GameStop closing time
What time does GameStop close? Usually, it closes at 09:00 PM.
GameStop has its roots from Babbage’s Tucson, Arizona based retailer of software which was founded in the Harvard Business School by the students Gary M. Kusin and James McCurry. The name of the company was inspired by Charles Babbage. The first store was opened in North Park Centre, Dallas. They were backed by an investor Ross Perot and selling video games primarily for Atari 2600 and Nintendo in 1987. In 1988 the company went public. Two-thirds of Babbage’s sales came from video games by 1991.
NeoStar Retail Group (1994-96)
Babbage merged with another retailer, based in Edina, Minnesota which was another computing software company known as Software Etc., and together they formed a newl company NeoStar. The companies also functioned independently as subsidiaries in their management teams.
GameStop’s years of success (2004-2016)
GameStop acquired Electronics Boutique (EB Games) for $1.44 billion in 2005. It then expanded its acquisitions into Canada, Europe, New Zealand, and Australia. It then acquired Rhino Video Games in 2007 and Micromania in October 2008 for $ 700 million. By 2012 the revenue grew to $600 million from $190 million back in 2011.
GameStop Holiday Hours – Open
|January 21||Martin Luther King Jr. Day|
|February 14||Valentine’s Day|
|February 18||President’s Day|
|March 5||Mardi Gras Fat Tuesday|
|March 17||St. Patrick’s Day|
|April 19||Good Friday|
|April 22||Easter Monday|
|May 5||Cinco de Mayo|
|May 27||Memorial Day|
|July 04||Independence Day|
|June 16||Father’s Day|
|May 12||Mother’s Day|
|September 02||Labor Day|
|October 14||Columbus Day|
|November 11||Veterans Day|
|November 29||Black Friday|
|December 24||Christmas Eve|
|December 26||Day after Christmas|
|January 01||New Year’s Day|
|December 31||New Year’s Eve|
|April 21||Easter Sunday|
|November 28||Thanksgiving Day|
GameStop Holiday Hours – Closed
|December 25||Christmas Day|
GameStop near me
GameStop store locator
The market for GameStop declined since 2016 after the introduction of online services such as PlayStation Network, Stream and Xbox Live in the gaming market. The stock fell by 16% in 2016. On 2017 it dropped by another 8%. This way the decline of the company began. Even after all these ups and downs, the company managed to survive.
Key Facts about the Company
The company is headquartered in Grapevine, Texas.
It has 7,276 outlets as of 2019.
The key people of the company are Dan DeMetteo and Shane Kim May.
What GameStop actually do?
GameStop is the world’s largest retailer of video games that operates in around 4,860 stores in the U.S., Europe, New Zealand, Canada, and Australia. First coming to life as Babbage’s in 1984, the company went through a series of mergers and acquisitions to itself being acquired by Barnes & Noble in 1999.
Whats is GameStop?
GameStop is a gaming merchandise retailer founded in the suburbs of Dallas, Texas, in 1984, where it retains its global headquarters. At its peak in 2015, it boasted more than 6000 stores and $9 billion in annual sales.
Why is GameStop so popular?
Why Did GME Stock Go Up? Shares of GME stock surged 1,600% in January. Individual investors coordinated a buying spree in the video game retailer’s shares using online message boards. The buying surge caught the “shorts” who were betting the stock would fall off guard.
What is GameStop scandal?
Popular investing app Robinhood became the focus of the controversy after it decided to freeze trades for GameStop on Jan. 28. Shares of the video game retailer spiked after traders on Reddit began frantically buying the company’s stock. GameStop shares have since came crashing down only to shoot up once again.
Is GameStop debt free?
The image below, which you can click on for greater detail, shows that GameStop had debt of US$46.2m at the end of October 2021, a reduction from US$485.5m over a year. However, its balance sheet shows it holds US$1.41b in cash, so it actually has US$1.37b net cash.
What type of company is GameStop?
GameStop Corp. is an American video game, consumer electronics, and gaming merchandise retailer. The company is headquartered in Grapevine, Texas (a suburb of Dallas), and is the largest video game retailer worldwide.
When did GameStop Spike?
In late January, a band of Reddit-obsessed retail traders coordinated trades on heavily shorted stocks, created a massive short squeeze in GameStop, whose shares surged 400% at one point. The brick-and-mortar retailer traded at less than $20 a share at the start of 2021.
How did GameStop stock soar?
GameStop shares skyrocketed in January as retail investors, urged on by popular Reddit forum WallStreetBets, bought the stock as a way to punish hedge funds that had taken an outsized short bet against it.
Is GameStop a good stock to buy?
GameStop is down 70% from record highs but remains a high-risk bet for investors given its negative profit margins and falling revenue.
Who shorted GameStop?
By January 28, 2021, Melvin Capital, an investment fund that heavily shorted GameStop, had lost 30 percent of its value since the start of 2021, and by the end of January had suffered a loss of 53 percent of its investments.
Why is GameStop a problem?
The obvious problem with GameStop (NYSE:GME) is that it sells physical video game discs out of thousands of stores in a world where games are increasingly going digital. The pandemic has made the situation much worse as would-be video game buyers pivoted hard toward digital downloads and buying games online.
How liquid is GameStop?
Offsetting these obligations, it had cash of US$3.44b as well as receivables valued at US$137.0m due within 12 months. So it actually has US$190.2m more liquid assets than total liabilities. Having regard to GameStop’s size, it seems that its liquid assets are well balanced with its total liabilities.
How much cash does GameStop have?
A lot of the company’s cash also went toward operations, all of the expected expenses for a company on this scale. GameStop currently has $1.4 billion in cash on hand.
How did GameStop pay off their debt?
The upgrade comes shortly after GameStop raised around $550 million through an issue of new stock in the company. The gaming retailer used a chunk of that new cash to redeem all the long-term debt on its balance sheet, consisting of $216.4 million in senior notes, two years early.
How many shares exist for GameStop?
As reported by Yahoo Finance, the company currently has a float of 56 million shares. Of the total, 36% is owned by the public, 45% by institutions and 19% by insiders — the latter includes the company’s officers, directors, and those with access to non-public company information.
What is Gamestops product?
Consoles, Collectibles, Video Games, and More.
Is GameStop a Fortune 500 company?
There’s no better example than GameStop. When the 2021 edition of the Fortune 500, a ranking of the 500 largest U.S. publicly traded companies by revenue, was published last week, it did not have GameStop on it. That marked the end of GameStop’s 14-year streak on the list—including a No. 464 placement last year.
How did GameStop start?
GameStop’s roots start in 1984 with a store named Babbage’s. The two classmates became entrepreneurs and established Babbage’s in 1984. In 1984, Babbage’s first full year of operations, the company lost $560,000 on sales of $3 million. Stores, Inc., Babbage’s merger partner, began in 1984 as a division of B.
Does GameStop return to Puerto Rico?
GameStop closing all stores in Puerto Rico; opening new U.S. distribution center. GameStop Corp. (NYSE: GME) is cutting stores overseas but investing in its domestic locations with a new distribution hub.