Editing GameStop (section)

{{Short description|American video game retailer}}
{{Use mdy dates|date=April 2025}}

{{Use American English|date=April 2025}}

{{Infobox company
| name = GameStop Corp.
| logo = GameStop.svg
| logo_size = 250px
| logo_caption = Logo since 2000
| former_name = Babbage's (1980–1999)
| type = [[Public company|Public]]
| traded_as = {{ubl|{{NYSE|GME}} (Class A)|[[S&P 400]] component}}
| industry = [[Retail]]
| predecessors = {{ubl|Software Etc.|Funco}}
| founded = {{start date and age|August 20, 1980}}
| founders = {{ubl|[[Leonard Riggio]]|Daniel DeMatteo|Richard Fontaine}}
| hq_location_city = [[Grapevine, Texas]]
| hq_location_country = U.S.
| num_locations = 3,203 (Feb 2025) <ref name="2024-10K"/>
| area_served = {{Ubl
|[[Australia]]
|[[France]]
|[[New Zealand]]
|[[United States]]
}}
| key_people = [[Ryan Cohen]] ([[chairman]] and [[Chief executive officer|CEO]])
| products = {{ubl|[[Video game]]s|[[Video game console|Consoles]]|[[Video game accessory|Accessories]]}}
| revenue = {{decrease}} {{US$|3.82 billion|link=yes}} (2024)
| operating_income = {{increase}} US-$26 million (2024)
| net_income = {{increase}} US$131.3 million (2024)
| assets = {{increase}} US$5.87 billion (2024)
| equity = {{increase}} US$5.46 billion (2024)
| num_employees = 8,000 [[Full-time job|full-time]]; {{nowrap|13,000–18,000}} [[Part-time contract|part-time]] (Feb 2024)
| parent = NeoStar Retail Group (1994–1996)<br />Babbage's Etc. (1996–1999)<br />[[Barnes & Noble]] (1999–2004)
| subsid = {{ubl|Babbage's|[[EB Games]]|[[EB Games Australia]]|[[Geeknet]]|[[Micromania-Zing]]|[[Rhino Video Games]]|[[ThinkGeek]]}}
| website = {{URL|gamestop.com}}
| footnotes = <ref name="2024-10K"/>
}}

'''GameStop Corp.''' is an American [[video game]], consumer electronics, and gaming merchandise retailer,<ref name="2024-10K"/> headquartered in [[Grapevine, Texas]] (a suburb of [[Dallas]]). The brand is the largest video game retailer worldwide.<ref name=":3">{{Cite web |last=Gilbert |first=Ben |title=The world's biggest video game retailer, GameStop, is dying: Here's what led to the retail giant's slow demise |url=https://www.businessinsider.com/gamestop-worlds-biggest-video-game-retailer-decline-explained-2019-7 |access-date=2025-05-23 |website=Business Insider |language=en-US}}</ref> {{As of|2025|2|df=US}}, the company operated 3,203 stores including 2,325 both in the United States, 193 in [[Canada]] (the Canadian operations were sold in May 2025), 374 in [[Australia]] and 311 in [[Europe]] under the GameStop, [[EB Games]], [[EB Games Australia]], [[Micromania-Zing]], [[ThinkGeek]] and Zing Pop Culture brands.<ref name="2024-10K"/><ref name=fortune/> 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 ratio|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 (finance)|volatility]] of its stock price in the [[GameStop short squeeze]]; the company was ranked 577th on the [[Fortune 500|''Fortune'' 500]].<ref name=fortune>{{Cite web|title=GameStop {{!}} 2021 Fortune 500|url=https://fortune.com/company/gamestop/fortune500/|access-date=2023-09-03|website=Fortune|language=en}}</ref> GameStop also used to own and publish the [[video game journalism|video game magazine]] ''[[Game Informer]]'' before discontinuing it in August 2024 and selling it to [[Gunzilla Games]] in 2025.<ref name=":1">{{Cite web |date=2024-08-02 |title=GameStop Shuts Down Game Informer, The Longest-Running Gaming Magazine In The US |url=https://kotaku.com/game-informer-gamestop-meme-stock-gme-last-issue-1851611973 |access-date=2024-08-02 |website=Kotaku |language=en}}</ref><ref name=":2">{{Cite web |last=Moreau |first=Jordan |date=2024-08-02 |title=Game Informer Magazine Shuts Down After 33 Years |url=https://variety.com/2024/digital/news/game-informer-shuts-down-gamestop-magazine-1236094109/ |access-date=2024-08-02 |website=Variety |language=en-US}}</ref>

Over 400 GameStop stores were closed in 2025, due to decline in sales, on pace to close twice as many as they did in 2024. Consumer shift to the [[online marketplace]] has led to a decline in revenue. This 400 number represents the largest amount of stores that GameStop has closed in a single month.<ref>{{Cite web|title=GameStop stores closed in January|url=https://www.newsweek.com/gamestop-stores-closing-2025-full-list-2029930| access-date=2025-02-12| website=newsweek.com| language=en}}</ref>

On March 25, 2025, GameStop announced a plan to use its cash reserves to buy [[Bitcoin]].<ref>{{cite news |last1=Lipschultz |first1=Bailey |title=GameStop to Borrow $1.3 Billion to Fund Bitcoin Buying Spree |url=https://www.bloomberg.com/news/articles/2025-03-26/gamestop-to-borrow-1-3-billion-to-fund-bitcoin-buying-spree |access-date=March 28, 2025 |work=Bloomberg News |date=March 26, 2025}}</ref>