GameStop Corp
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Consumer Discretionary : Specialty Retail | Mid Cap Blend
Company profile

GameStop Corp. is an omnichannel video game retailer. The Company sells video game hardware, physical and digital video game software, video game accessories, as well as mobile and consumer electronics products and other merchandise through its GameStop, EB Games and Micromania stores. It operating segments, which consists of Video Game Brands segments: United States, Canada and Australia and Europe. Each of the Video Game Brands segments consists primarily of retail operations, with all stores engaged in the sale of new and pre-owned video game systems, software and accessories, which it refers to as video game products. Its Video Game Brands stores sell various types of digital products, including downloadable content, network points cards, prepaid digital, and also sell certain mobile and consumer electronics products and collectible products.

Closing Price
$204.97
Day's Change
-1.40 (-0.68%)
Bid
--
Ask
--
B/A Size
--
Day's High
212.49
Day's Low
200.78
Volume
(Above Average)
Volume:
3,950,643

10-day average volume:
3,503,949
3,950,643

GameStop leases new fulfillment center in Reno, stock bounces after falling the past four weeks

7:41 am ET July 6, 2021 (MarketWatch)
Print

GameStop Corp. (GME) said Tuesday it has leased a 530,000 square foot facility in Reno, Nevada, as the videogame and consumer electronics retailer looks to expand its fulfillment network. The Reno facility is expected to be operational in 2022. GameStop's stock bounced 1.2% in premarket trading Tuesday, after falling 3.2% last week, and shedding 18.3% amid a four-week losing streak. The Reno lease announcement comes two months after GameStop said it entered into a lease of a 700,000 square foot fulfillment center in York, Pennsylvania. The meme stock has has gained 9.9% over the past three months through Friday, but has rocketed 976.6% year to date, while the S&P 500 has tacked on 6.8% over the past three months and advanced 15.9% this year.

-Tomi Kilgore; 415-439-6400; AskNewswires@dowjones.com

	

(END) Dow Jones Newswires

July 06, 2021 07:41 ET (11:41 GMT)

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