Instrument Summary
GameStop sells new and pre-owned video games in both physical and digital formats, as well as entertainment products, consoles and accessories, in over 4,800 retail stores and online across 10 countries. It also sells a wide variety of collectibles and board games. Through the company's buy-sell-trade program, customers can buy products as well as trade them in for cash or in-store credit. GameStop also publishes Game Informer magazine.
In 2020 GameStop recorded a net loss of $215.3 million compared to a net loss of $470.9 million in 2019. Net sales fell to US$5.1 billion from US$6.5 billion as comparable store sales dropped 9.5%, although e-commerce sales jumped 191%, representing 30% of total sales. The company was founded in 1996 and is based in Grapevine, Texas. Its ticker symbol is GME.
Shares
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