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GameStop information


GameStop Corp.
FormerlyBabbage's (1984–1999)
Company typePublic
Traded as
  • NYSE: GME (Class A)
  • S&P 400 component
IndustryRetail
Predecessors
  • Software Etc.
  • Funco
Founded1984; 40 years ago (1984)
Founders
  • Leonard Riggio
  • Daniel DeMatteo
  • Richard Fontaine
Headquarters
Grapevine, Texas
,
U.S.
Number of locations
4,413 (Jan 2023)
Area served
Several countries
  • Australia
  • Austria
  • Canada
  • France
  • Germany
  • Italy
  • New Zealand
  • Switzerland
  • United States
Key people
Ryan Cohen
(Chairman and CEO)
Products
  • Video games
  • Consoles
  • Accessories
RevenueDecrease US$5.27 billion (2023)
Operating income
Increase −US$35 million (2023)
Net income
Increase US$6.7 million (2023)
Total assetsDecrease US$2.71 billion (2023)
Total equityIncrease US$1.34 billion (2023)
Number of employees
11,000 full-time
14,000–27,000 part-time (Jan 2023)
ParentNeoStar Retail Group (1994–1996)
Babbage's Etc. (1996–1999)
Barnes & Noble (1999–2004)
Subsidiaries
  • Babbage's
  • EB Games
  • EB Games Australia
  • Game Informer
  • Geeknet
  • Micromania-Zing
  • Rhino Video Games
  • ThinkGeek
Websitegamestop.com
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 January 28, 2023, the company operates 4,413 stores including 2,949 in the United States, 216 in Canada, 419 in Australia and 829 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 is now ranked 577th on the Fortune 500.[3] GameStop also owns and publishes the video game magazine Game Informer.

  1. ^ a b c "GameStop Corp. fiscal 2023 Form 10-K Annual Report". U.S. Securities and Exchange Commission. March 28, 2023.
  2. ^ 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.
  3. ^ a b "GameStop | 2021 Fortune 500". Fortune. Retrieved September 3, 2023.

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