 Logo since 1999 | |
| Formerly | Babbage's (1980–1999) |
|---|---|
| Company type | Public |
| Industry | Retail |
| Predecessors |
|
| Founded | August 20, 1980 |
| Founders |
|
| Headquarters | , U.S. |
Number of locations | 4,169 (Feb 2024) |
Area served | Several countries
|
Key people | Ryan Cohen (chairman and CEO) |
| Products | |
| Revenue |  US$5.27 billion (2023) |
 −US$35 million (2023) | |
 US$6.7 million (2023) | |
| Total assets | US$2.71 billion (2023) |
| Total equity | US$1.34 billion (2023) |
Number of employees | 8,000 full-time; 13,000–18,000 part-time (Feb 2024) |
| Parent | NeoStar Retail Group (1994–1996) Babbage's Etc. (1996–1999) Barnes & Noble (1999–2004) |
| Subsidiaries |
|
| Website | gamestop |
| Footnotes / references [1] | |
GameStop Corp. is an American video game, consumer electronics, and gaming merchandise retailer.[1] The company is headquartered in Grapevine, Texas (a suburb of Dallas), and is the largest video game retailer worldwide.[2] As of February 2024[update], the company operates 4,169 stores including 2,915 in the United States, 203 in Canada, 404 in Australia and 647 in Europe under the GameStop, EB Games, EB Games Australia, Micromania-Zing, ThinkGeek and Zing Pop Culture brands.[1][3] The company was founded in Dallas in 1984 as Babbage's, and took on its current name in 1999.
The company's performance declined during the mid-to-late 2010s due to the shift of video game sales to online shopping and failed investments by GameStop in smartphone retail. In 2021, after retail investors on Reddit noticed that the short interest 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 volatility of its stock price in the GameStop short squeeze; the company was ranked 577th on the Fortune 500.[3] GameStop also used to own and publish the video game magazine Game Informer before discontinuing it in August 2024.[4][5]
- ^ a b c "GameStop Corp. fiscal 2023 Form 10-K Annual Report". U.S. Securities and Exchange Commission. March 26, 2024.
- ^ Gilbert, Ben (January 23, 2020). "The world's biggest video game retailer, GameStop, is dying: Here's what led to the retail giant's slow demise". Business Insider.
- ^ a b "GameStop | 2021 Fortune 500". Fortune. Retrieved September 3, 2023.
- ^ "GameStop Shuts Down Game Informer, The Longest-Running Gaming Magazine In The US". Kotaku. August 2, 2024. Retrieved August 2, 2024.
- ^ Moreau, Jordan (August 2, 2024). "Game Informer Magazine Shuts Down After 33 Years". Variety. Retrieved August 2, 2024.