Profile: GameStop Corp (GME)
23 Feb 2017
GameStop Corp., incorporated on April 13, 2005, is an omnichannel video game retailer. The Company sells video game hardware, physical and digital video game software, video game accessories, as well as mobile and consumer electronics products and other merchandise through its GameStop, EB Games and Micromania stores. The Company operates its business in four Video Game Brands segments: United States, Canada, Australia and Europe, and Technology Brands segment. Each of the Video Game Brands segments consists primarily of retail operations, with all stores engaged in the sale of new and pre-owned video game systems, software and accessories, which it refers to as video game products, new and pre-owned mobile devices and related accessories. Its Video Game Brands stores sell various types of digital products, including downloadable content, network points cards, prepaid digital, prepaid subscription cards and digitally downloadable software, and also sell certain mobile and consumer electronics products and collectible products. Its Technology Brands segment includes its Spring Mobile and Simply Mac businesses.
The Company's United States segment includes retail GameStop operations in approximately 50 states, the District of Columbia, Puerto Rico and Guam. It also includes the electronic commerce Websites, such as www.gamestop.com and www.thinkgeek.com; Game Informer magazine, and Kongregate, a platform for Web and mobile gaming. The Company operates approximately 4,010 stores in the United States.
The Company's Canada segment includes retail operations in Canada and an e-commerce site. The Company operates over 320 stores in Canada.
The Company's Australia segment includes retail operations and e-commerce sites in Australia and New Zealand. The Company's Australia segment operates over 440 stores.
The Company's Europe segment includes retail operations in approximately 10 European countries and e-commerce operations in over five countries. The Company operates over 1,300 stores in Europe.
Technology Brands segment
Spring Mobile operates approximately 890 AT&T branded wireless retail stores and over 70 Cricket branded pre-paid wireless stores. The AT&T branded stores sell both pre and post-paid AT&T services, DirecTV service and wireless products, as well as related accessories and other consumer electronics products. Pre-paid AT&T services, wireless devices and related accessories are sold through the Cricket branded stores. Simply Mac operates approximately 80 Simply Mac branded stores, which sell Apple products, including desktop computers, laptops, tablets and smart phones and related accessories and other consumer electronics products. Simply Mac also offers certified training, warranty and repair services to its customers.
The Company competes with Wal-Mart Stores, Inc., Target Corporation, Amazon.com, Inc., Best Buy Co., Inc., Media Markt, Saturn, FNAC, Auchan, K-Mart, JB HiFi stores, Verizon, Sprint, T-Mobile, AT&T, Boost, GoPhone and MetroPCS.
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