Additionally, we compete with other forms of entertainment activities, including movies, television, theater, sporting events and family entertainment centers. Company Name, Ticker, Industry, else.. Business Description. All rights reserved. This site uses cookies to make your browsing experince better. All quotes are in local exchange time.
Intraday data delayed 15 minutes for Nasdaq, and other exchanges. Gamestop Corp GME. Other Ticker:. View Company Supplier. View Company Competition. As of January 30, , it operated 4, stores. Yahoo Finance. Sign in. Sign in to view your mail. Finance Home. Currency in USD. Add to watchlist. Amounts are as of December 31, and compensation values are for the last fiscal year ending on that date.
Pay is salary, bonuses, etc. McCurry believed there was a market for a specialty outlet for the items. Kusin, who had observed as specialty stores increasingly overtook department store sales, agreed. The men resigned at the end of the year and sought startup financing. Perot convinced the two to open just one store initially until they knew the ins and outs of the business. Their business strategy consisted of a frequently updated product mix, a flexible store design with some dedicated sections, a competitive pricing system, and an uncommissioned sales staff that avoided too much technical jargon with customers.
They met sales projections two months after opening. Over the next few years the company expanded by opening dozens more stores.
It developed a reputation for having the most popular game software. In it went public, and by it had locations. Despite this success, it faced increasing competition from a variety of retail categories, including mass merchandisers, electronics stores, toy stores, and mail-order outlets. A holding company called NeoStar Retail Group was formed and both firms became subsidiaries. A plan was then made to launch a set of strip mall stores under the brand name GameStop; they were unveiled in 20 outlets in Funco was renamed GameStop.
GameStop has a mass market business model, with no significant differentiation between customer segments. The company targets its offerings at anyone who seeks video game and tech products. The company creates accessibility by providing a wide variety of options. These purchases have served to diversify its portfolio and greatly expand its capabilities. GameStop also offers accessibility by making its locations easy to reach.
Its stores are typically placed in high-traffic shopping malls, strip centers, and pedestrian spaces in major metropolitan areas.
The company offers convenience by making life simpler for customers.
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