GameStop’s Q4 Comps Up 8%

GameStop’s Q4 Comps Up 8%

By Alan Wolf On Mar 27 2014 - 12:33pm




Grapevine, Texas – GameStop said the holiday launches of Xbox One and PlayStation 4 drove higher sales and comps in the fourth quarter.

During the period the No. 1 video gaming specialty retailer also completed the acquisitions of two CE chains — Simply Mac and Spring Mobile — and also announced plans to close about 132 GameStop locations, or 2 percent of its store base, this year. The company operates more than 6,600 stores in 15 countries.

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This TWICE webinar,  hosted by senior editor Alan Wolf, will take a look at what may be the hottest CE products at retail that will be sold during the all-important fourth quarter. Top technologies, market strategies and industry trends will be discussed with industry analysts and executives.

 

Walmart Entering Pre-Owned Game Trade

Walmart Entering Pre-Owned Game Trade

By Alan Wolf On Mar 18 2014 - 9:19am

Walmart will begin accepting used games starting March 26 at GameCenters within
Walmart will begin accepting used games starting March 26 at GameCenters within the CE departments of 3,100 stores.


Bentonville, Ark. — Walmart will follow GameStop’s lead and begin buying used video games next week.

Store credit will be given for the trade-ins, which can be applied to any purchase at Walmart or Sam’s Club, either in store or online.

Walmart will begin selling pre-owned games this summer.

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GameStop Holiday Hiring Same As 2012

GameStop Holiday Hiring Same As 2012

By Alan Wolf On Sep 30 2013 - 10:18am




Grapevine, Texas — GameStop said it plans to hire about 17,000 temporary workers this holiday season, comparable to last year.

The No. 1 video game specialty chain is looking to fill positions for sales associates, CE technicians for its refurbishment operation center, and warehouse personnel for its two distribution centers.

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GameStop Q2 Earnings Halved

GameStop Q2 Earnings Halved

By Alan Wolf On Aug 22 2013 - 1:47pm




Grapevine, Texas — GameStop’s second quarter profits fell by half, to $10.5 million, and net sales slipped 10.7 percent, to $1.4 billion, as customers waited out the introduction of new gaming platforms this fall.

 The No. 1 gaming specialty chain said earnings were better than expected, given the industry pause as Microsoft and Sony prepare for the launch of their next-generation Xbox One and PS4 systems.

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GameStop Offers Upgrade Discount For Xbox One

GameStop Offers Upgrade Discount For Xbox One

By Lisa Johnston On Aug 9 2013 - 8:50am

gamestop


Grapevine, Texas — GameStop said its PowerUp Rewards (PUR) members can receive a $50 guaranteed minimum credit for select standard-edition Xbox 360 titles when a member upgrades to the new Xbox One standard version of that title.

Bob Puzon, merchandising senior VP, called the offer an example of how the chain is “helping gamers make the transition to the next generation of consoles economical and seamless.”

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GameStop Expo To Preview Xbox One, PS4

GameStop Expo To Preview Xbox One, PS4

By Alan Wolf On Jun 28 2013 - 2:12pm

GameStop’s public Expo event evolved from its annual managers’ conference.
GameStop’s public Expo event evolved from its annual managers’ conference.


Las Vegas — GameStop will hold its second annual Expo gaming show for the public this August, and is promising attendees advanced access to Microsoft’s Xbox One and Sony’s PS4 next-gen gaming platforms.

The event, an extension of the chain’s annual managers’ conference, is slated for Aug. 28 at the Sands Expo and Convention Center here. General admission is $35 and can be purchased online or at a local GameStop store, and a limited number of VIP tickets are available for $90 at GameStopExpo.com.

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GameStop Adds To Cellular Portfolio

GameStop Adds To Cellular Portfolio

By Joseph Palenchar On Jan 28 2013 - 5:14pm

Gamestop


Grapevine, Texas — GameStop is expanding its portfolio of cellular products with the addition of no-contract prepaid Net10 service in all of its 4,400 U.S. stores.

Net10 is not available through GameStop’s online store.

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GameStop Holiday Sales Fall 4.6%

GameStop Holiday Sales Fall 4.6%

By Alan Wolf On Jan 10 2013 - 5:36pm

Digital receipts increased more than 40 percent.
Digital receipts increased more than 40 percent.


Grapevine, Texas — Robust growth in its online business couldn’t offset declines in holiday traffic and hardware sales at GameStop.

The world’s largest specialty video game retailer said net sales fell 4.6 percent to $2.9 billion for the nine weeks, ended Dec. 29, 2012, while total comp-store sales decreased 4.4 percent and U.S. comps decline 3.5 percent.

Digital receipts increased more than 40 percent, mobile sales were $76.5 million, and global e-commerce sales increased 20.5 percent during the holiday period.

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GameStop Gets Kindle Fire

GameStop Gets Kindle Fire

By Alan Wolf On Dec 7 2012 - 2:19pm


Gamestop will now carry the Kindle.


Grapevine, Texas — GameStop has joined the roster of retailers carrying Amazon.com’s Kindle Fire tablets.

The specialty gaming chain is now selling the 7-inch HD model ($200) in all U.S. GameStop locations, and is offering the 8.9-inch HD version ($300) and basic Kindle Fire ($160) in select stores.

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