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Gamestop

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Barnes & Noble Backing Elevates GameStop's IPO, Igniting Video-Game Retail Boom
business15 days ago

Barnes & Noble Backing Elevates GameStop's IPO, Igniting Video-Game Retail Boom

Kotaku’s Warp Week revisits GameStop’s 2002 NYSE debut, where the retailer raised $325 million with Barnes & Noble taking a majority stake as it folded Babbage's Etc, FuncoLand and Game Informer into GameStop, a move that valued the new entity at about $972 million and underscored a booming video-game market. Analysts predicted 2002 would be a software-driven year with consoles expanding online capabilities, downloadable games, and tournaments, while retailers faced competition from Toys R Us, Amazon, and Blockbuster.

via Kotaku|
#barnes-noble#business#gamestop
GameStop CEO Declares Physical Games Irrelevant To Its Future
business1 month ago

GameStop CEO Declares Physical Games Irrelevant To Its Future

GameStop CEO Ryan Cohen dismissed Sony’s plan to phase out physical discs, arguing that physical media and software are no longer central to the business and that collectibles and hardware drive most revenue; in Q1 2026 collectibles accounted for about 41.8% of revenue with hardware and accessories near 40%, while software was the smallest slice. Cohen also emphasized his push to merge with eBay to create a much larger business, and the stock market largely shrugged off the digital shift as the retailer pivots toward non-software revenue streams.

via GameSpot|
#business#collectibles#digital-shift
GameStop CEO Declares Physical Games Irrelevant, Eyes $1 Trillion via eBay Merger
business1 month ago

GameStop CEO Declares Physical Games Irrelevant, Eyes $1 Trillion via eBay Merger

GameStop CEO Ryan Cohen says the end of physical game discs is totally irrelevant to the company’s future, highlighting a pivot toward collectibles like Funko Pops and trading cards where game sales are a minority of revenue. With about 18% of revenue from games and 41% from collectibles, Cohen has pushed for a $55 billion bid to acquire eBay, arguing a GameStop–eBay merger could become a $1 trillion business, even as GTA 6’s digital-only trajectory raises questions about used-game sales.

via Kotaku|
#business#ebay#gamestop
GameStop’s Pokémon Card Markups Reach 400%, Triggering Backlash and Calls for Market Oversight
business1 month ago

GameStop’s Pokémon Card Markups Reach 400%, Triggering Backlash and Calls for Market Oversight

Engadget reports that GameStop is marking up Pokémon cards well above retail, with 30th Anniversary sets priced far higher than Pokémon Center offerings (e.g., Ascended Heroes boosters around $90 online vs $27 retail), ETBs about $170, and Ultra-Premium Collections up to $600, often not listed online to enable last-minute increases; the piece notes this sparks backlash and outlines potential measures by Nintendo/The Pokémon Company to curb scalping, such as inventory controls and market operator agreements, amid ongoing bot-driven online restocks and in-store shortages.

via Engadget|
#30th-anniversary-set#business#gamestop
Fans Roiled by EB Games Pokémon Pre-Order Price Play
gaming1 month ago

Fans Roiled by EB Games Pokémon Pre-Order Price Play

Kotaku reports that EB Games Australia (GameStop) attracted backlash by listing vastly inflated pre-order prices for the Pokémon TCG 30th Anniversary set to deter scalpers, then rolling prices back for legitimate pre-orders. Critics say the final price still gouges fans since official prices for the set hadn’t been announced and the reduced ETB price of about $120 AUD remains well above MSRP, with Ultra Premium Collection prices even higher. EB Games defended the move as protecting fans, but the gaming community and outlet blasted it as a bait-and-switch that hurts customers.

via Kotaku|
#eb-games#gamestop#gaming
GTA 6 Physical Copies Struggle as Disc-Free Edition Suppresses Pre-Orders
gaming1 month ago

GTA 6 Physical Copies Struggle as Disc-Free Edition Suppresses Pre-Orders

Reports from GameStop staff and outlets suggest GTA 6 pre-orders for physical copies are abnormally low because the box only includes a digital download code and no disc, with some stores hitting only single-digit pre-orders against targets of hundreds. This disc-free approach could hurt brick-and-mortar retailers and the used-games market, even as digital pre-orders surge and rumors persist about a later disc release.

via RockstarINTEL|
#gamestop#gaming#gta-6
GameStop CEO Drops $35B Bonus to Chase eBay Bid
industry-news2 months ago

GameStop CEO Drops $35B Bonus to Chase eBay Bid

GameStop CEO Ryan Cohen reportedly forfeits a $35 billion incentive tied to boosting the company's value to focus on pursuing an acquisition of eBay, a plan eBay has said is not credible or attractive. The move comes after Cohen’s leadership shift and while GameStop sees improved quarterly results, it has also shuttered stores and cut jobs, leaving investors wary amid ongoing stock volatility.

via Kotaku|
#acquisition#ebay#gamestop
GameStop Halts Pro Points for New Members, Extends Pause Through August
business2 months ago

GameStop Halts Pro Points for New Members, Extends Pause Through August

GameStop is changing its Pro Membership rewards: new Pro members will stop earning Pro Points starting July 15, and current members will cease accruing on August 15, after the program previously offered about 2% back as points. The changes, reported by Kotaku and discussed on Reddit, appear to be a cost-cutting move despite a high quarterly profit. Separately, CEO Ryan Cohen has floated a bid to buy eBay, which eBay rejected, leaving a potential hostile approach as a distant possibility.

via GameSpot|
#business#cost-cutting#gamestop
GameStop Pro Rewards Cut: Points Vanish, Sparks Staff Backlash
business2 months ago

GameStop Pro Rewards Cut: Points Vanish, Sparks Staff Backlash

GameStop plans to scrap the Pro Memberships’ rewards points for new members starting July 15, 2026, with existing members able to accumulate points until August 15, 2026, after which all points expire. The $25/year program will continue but will no longer include point redemptions or a Game Informer subscription, even as stores downsizing increases sales pressure and staff frustration.

via Kotaku|
#business#employee-reaction#gamestop
GameStop posts record quarterly profit as it eyes an eBay bid
business2 months ago

GameStop posts record quarterly profit as it eyes an eBay bid

GameStop reported its highest-ever quarterly profit of $389.6 million for fiscal Q1, with revenue of $835.3 million (up from $732.4 million a year earlier), as it continued aggressive cost-cutting and layoffs. The stock jumped over 7% in after-hours trading, and the company noted $9.7 billion in assets. CEO Ryan Cohen has floated financing to buy eBay, though eBay rejected the proposal, with hints at a possible shareholder bid; the firm no longer holds earnings calls. The report also mentions a Halo 3 tournament as a side note.

via GameSpot|
#business#cost-cutting#ebay
Ryan Cohen Nets $168k Selling Personal Items on eBay as Publicity Stunt Linked to GameStop Bid
business3 months ago

Ryan Cohen Nets $168k Selling Personal Items on eBay as Publicity Stunt Linked to GameStop Bid

GameStop CEO Ryan Cohen earned $168,421.39 by selling his personal items on eBay for about a week, including a Halo 2 Master Chief statue that fetched $15,100. The stunt accompanied Cohen’s unsolicited bid for eBay, which GameStop rejected, and the total represents a tiny fraction of the proposed deal, with Cohen’s eBay profile briefly suspended due to high-price listings.

via Business Insider|
#auctions#business#collectibles