Gamestop Promotional Codes


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GameStop Corporation (NYSE: GME) is the world's largest video game and entertainment software retailer. The company, whose headquarters are in Grapevine, Texas (a suburb of Dallas), United States, operates 5,889 retail stores throughout the United States, Canada, Ireland, Australia, Denmark, Finland, France, Germany, Italy, New Zealand, Norway, Spain, Austria, Puerto Rico, Switzerland, Portugal, Sweden and a test store in the United Kingdom. GameStop is expected to open around 600 new stores for the 2008 business year.

Retail stores operate primarily under the GameStop and EB Games brands. In addition, the company runs two e-commerce websites, GameStop.com and EBgames.com, and also Game Informer magazine, GameStop's proprietary video and computer game publication. In addition to video and computer games, GameStop sells magazines, strategy guides, entertainment DVDs, and other related merchandise. A major source of the company's profit is also buying used games and movies from its customers and selling them back at an increase. A new store concept called MovieStop, which focuses on selling movies rather than games, is currently building and operating stores in the southeastern United States, including the Dallas area.

Gamestop 1996 closures

The day after Thanksgiving 1996 approximately 100 Babbage's and Software Etc. stores closed their doors. The remaining merchandisefrom these stores was shipped to 100 of the remaining stores that would participate in a massive "going out of business" sale throughout December. These 100 stores would close for the last time on Christmas Eve, and all merchandise left would be shipped back to corporate headquarters by New Year'sEve. The company would be pared back to about 600 of its best performing stores.

Gamestop Acquisition by Barnes&NobleWhen Funco, Inc. (operator of FuncoLand stores) was acquired by Barnes&Noble in 2000, there was a corporate restructuring, and Babbage's Etc. became a wholly owned subsidiary of Funco. The name at that time was changed to GameStop, Inc.In 2002, GameStop bought out the Gamesworld franchise in Ireland and immediately took control of their 10 stores; the company now operates at over 50 locations in the country.

On November 12, 2004, GameStop spun off from Barnes&Noble. Due to Riggio's involvement, GameStop and Barnes&Noble employees still receive employee discounts at each other's stores, despite the companies being completely separate.Gamestop Merger with EB Games

On April 18, 2005, GameStop and EB Games announced that they had entered into a "definitive agreement and plan of merger". After shareholders and US regulatory agencies approved the merger, it closed on October 10 of that year with the agreement that the companies would be run separately, but not as they had been in the past. To ease the transition process of the two companies being run as one, it was agreed upon that the two separate entities would not merge operating activities until the new fiscal year which starts February 1; this also included maintainingtwo separate distribution centers. At the beginning of the following year, operating activities of the two companies was integrated, starting with the realignment of districts and the closure of EB's West Chester, PA corporate office. Most of the upper management positions maintained GameStop executives; however, President at the time, Joe DePinto, resigned his position as President and returned to work as President and CEO of 7-Eleven leaving a vacancy for EB President Steve Morgan. The transition of the two major super powers in the industry was challenging because of so many different conflicting views in different areas. Executives felt it was best to conduct market research and incorporate the best practices from each company into the new business structure. This idea of incorporating only the best was carried over to many other aspects of the merger decision including the decisionon who would maintain the middle management positions. Many regional directors and district managers from both EB and GameStop lost their jobs.

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Channel: Entertainment
Uploaded: October 5, 2008 at 9:54 pm
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Length: 00:03:27
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