A Brief History of GameStop Corp. (GME)

GameStop Corp. is an American retail company specializing in video games and consumer electronics. The company was founded in 1984 as Babbage's, a small software retailer in Dallas, Texas. Over the years, the company went through several mergers and acquisitions before becoming GameStop Corp. as it is known today.

Babbage's was founded by James McCurry and Gary M. Kusin in 1984. The company quickly expanded and by the early 1990s, it had over 800 stores across the United States. In 1994, Babbage's merged with Software Etc., another retail chain, to form NeoStar Retail Group.

NeoStar Retail Group continued to grow and in 1996, the company changed its name to Babbage's Etc. In 1999, Babbage's Etc. was acquired by Barnes & Noble and the company was once again rebranded as GameStop.

Under the GameStop name, the company focused on selling video games, consoles, and accessories. GameStop quickly became a dominant player in the video game retail industry, with thousands of stores around the world.

In recent years, GameStop has faced challenges as the video game industry has shifted towards digital downloads and online sales. The company has been working to adapt to these changes by expanding its offerings to include consumer electronics, collectibles, and other merchandise.

• 1984 - Babbage's founded as a small software retailer in Dallas, Texas.
• 1994 - Babbage's merges with Software Etc. to form NeoStar Retail Group.
• 1996 - NeoStar Retail Group changes name to Babbage's Etc.
• 1999 - Babbage's Etc. is acquired by Barnes & Noble and rebranded as GameStop.
• Present - GameStop continues to evolve its business to stay relevant in the digital age of gaming.

Who Owns GameStop Corp. (GME)

GameStop Corp. (GME) is a publicly traded company, which means that it is owned by shareholders who purchase its stock through the various stock exchanges where it is listed. As of 2021, the largest shareholders of GameStop Corp. include:

• BlackRock Inc.: BlackRock is one of the world's largest asset management firms and holds a significant stake in GameStop Corp. through various investment funds.
• Vanguard Group: Another major institutional investor, Vanguard Group also has a substantial ownership stake in GameStop Corp.
• Fidelity Investments: Fidelity is a well-known investment management firm that holds a significant number of shares in GameStop Corp.

Aside from these institutional investors, GameStop Corp. is also owned by individual investors who purchase its stock through brokerage accounts or other investment vehicles. The ownership of the company can fluctuate as investors buy and sell shares on the open market.

GameStop Corp. (GME) Mission Statement

GameStop Corp. is a global specialty retailer that strives to deliver exceptional service and value to its customers. The company's mission is to provide the best selection of video games, consoles, and accessories, while also offering a unique and engaging shopping experience.

At GameStop, we are committed to creating a culture that is customer-centric, innovative, and passionate about gaming. Our goal is to be the go-to destination for gamers of all ages and backgrounds, where they can find the latest products, receive expert advice, and connect with a community of fellow gaming enthusiasts.

• Customer Satisfaction: GameStop is dedicated to exceeding customer expectations by providing exceptional service and a wide range of products that cater to every gaming need.
• Innovation: We constantly strive to stay ahead of the curve by embracing new technologies and trends in the gaming industry, ensuring that our customers have access to the latest and greatest products.
• Community Engagement: GameStop is committed to fostering a sense of community among gamers by hosting events, tournaments, and other activities that bring people together to share their love of gaming.

How GameStop Corp. (GME) Works

GameStop Corp. is a retail company that specializes in selling video games, consumer electronics, and gaming merchandise. The company operates over 5,000 stores worldwide, as well as an e-commerce website. Here is an overview of how GameStop Corp. works:

• Retail Stores: GameStop operates physical retail stores where customers can purchase new and used video games, gaming consoles, accessories, and collectibles. The stores also accept trade-ins of used games and consoles for store credit or cash.
• E-Commerce: In addition to its brick-and-mortar stores, GameStop has an e-commerce website where customers can shop for products online and have them delivered to their doorstep. The website also offers digital downloads of games and other content.
• PowerUp Rewards: GameStop offers a loyalty program called PowerUp Rewards, where customers can earn points for purchases and trade-ins. These points can be redeemed for discounts, exclusive offers, and other benefits.
• Collectibles: GameStop has expanded its product offerings to include a wide range of collectibles and merchandise related to popular video game franchises, movies, and TV shows. This includes action figures, apparel, accessories, and more.
• Partnerships: GameStop partners with video game publishers and console manufacturers to offer exclusive products, promotions, and events. These partnerships help drive foot traffic to GameStop stores and boost sales.

How GameStop Corp. (GME) Makes Money

GameStop Corp. is a retail company that specializes in selling video games, consoles, and accessories. The company makes money through various revenue streams, including:

• Retail Sales: The primary source of revenue for GameStop is through the sale of video games, consoles, and accessories. Customers can purchase both new and pre-owned items, generating income for the company.
• Trade-Ins: GameStop also allows customers to trade in their old video games, consoles, and accessories for store credit or cash. The company then resells these items at a profit, creating an additional revenue stream.
• Digital Sales: In recent years, GameStop has expanded its digital offerings, allowing customers to purchase digital copies of video games and in-game content. This has become an increasingly important source of revenue for the company.
• Collectibles: GameStop sells a variety of video game-related collectibles, such as action figures, clothing, and memorabilia. These items cater to collectors and fans, providing an additional stream of income.
• Technology Brands: GameStop also operates several technology brands, including Simply Mac and Spring Mobile. These brands sell Apple products and mobile devices, respectively, bringing in revenue from a different market segment.