Gamestop 83Rd (2024)

FAQs

Why does GameStop have so much cash? ›

After the balance sheet date, GME's leadership team took advantage of Roaring Kitty's return to sell shares and raise cash. In two equity offerings, GameStop generated proceeds of more than $3 billion. That raises GameStop's cash position to about $4 billion.

Make sure you are signed into your account when making online purchases on GameStop.com. Visit the Rewards Center within the My Account section online to redeem points for coupons you can use in-store or online. You can also talk to a store associate about redeeming points at checkout when at a GameStop store.

The company is based in Grapevine, Texas, United States. Grapevine is a suburb of Fort Worth. Plus, it has over 5,509+ retail stores throughout the United States, Canada, Australia, New Zealand, and Europe, all around the world.

GameStop has used information systems to compete more effectively by leveraging its loyalty program, PowerUp Rewards. This program collects customer data which allows GameStop to better understand its customer base and tailor its promotions and offerings to their needs.

GameStop GME, +5.70% , the video-game retailer most associated with the Reddit message board-fueled retail attack on institutional short sellers, touched as high as $500 in premarket trade on Thursday.

Points are valid for one (1) year from date of accumulation (that is, the date of when the points are posted to, or recorded on, the Member's Account). If a qualifying purchase is not made within 12 months, all accumulated points shall be forfeited and the Membership is subject to closure at GameStop's discretion.

Pros earn 20 points per $1 spent, excluding GameStop gift cards, taxes/fees, and other non-eligible purchases. Make sure you are signed into your account when making online purchases on GameStop.com.

The GameStop Credit Card credit score requirement is 640, at a minimum. That means applicants need fair credit or better for approval. Other factors, such as your annual income, credit history and your overall ability to make credit card payments will also be taken into consideration when evaluating your application.

Babbage's (1980–1994)

GameStop traces its roots to Babbage's, a Dallas, Texas-based software retailer founded on August 20, 1980 by former Harvard Business School classmates James McCurry and Gary M. Kusin.

Who merged with GameStop? ›

GRAPEVINE, Texas, Apr 18, 2005 (BUSINESS WIRE) -- GameStop Corp. (NYSE:GME; GME.B) and Electronics Boutique Holdings Corp. (Nasdaq:ELBO) today announced that they have entered into a definitive agreement and plan of merger.

What percentage of GameStop (GME) stock is held by retail investors? According to the latest TipRanks data, approximately 66.73% of GameStop (GME) stock is held by retail investors. Who owns the most shares of GameStop (GME)? Vanguard owns the most shares of GameStop (GME).

Financially, GameStop is struggling to make its way competing against the likes of Walmart and Best Buy. Projected operating margins this year are estimated to be just north of 2%, and sales are seen falling by 4%.

GameStop is the world's largest video game retailer. With over 6,100 stores located throughout the United States and 17 countries, we are the retail destination for gamers around the world.

GameStop's competitors and similar companies include JVLat, UniEuro, HMV and Abe's of Maine. GameStop is a video game, consumer electronics, and wireless services retailer. JVLat is a distributor of video gaming and electronics products.

GameStop cash on hand for the quarter ending April 30, 2024 was $1.083B, a 17.34% decline year-over-year. GameStop cash on hand for 2024 was $1.199B, a 13.76% decline from 2023.

GameStop said in a recent SEC filing that it intends to use the cash it's raised for "general corporate purposes, which may include acquisitions and investments in a manner consistent with our investment policy."

The stock price of GameStop (NYSE: GME) is up nearly 40% year-to-date. It has been very volatile, with its stock's 52-week price ranging between $10 and $65. The rise in GME is driven by a broader rally seen in “meme” stocks (refers to the stocks that see growth primarily fueled by social media attention).

The options are limitless! Store credit or prepaid Mastercards will get customers the most value for their trade-ins, but GameStop still offers the option to get paid in cash (or Venmo!).