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

GameStop Corp. is focused on offering games, entertainment products and technology through its stores and e-commerce platforms. It operates through four geographic segments: United States, Canada, Australia, and Europe. It offers a range of products in various categories, which include hardware and accessories, software, and collectibles. It offers new and pre-owned gaming platforms from the various console and personal computer (PC) manufacturers, which include the Sony PlayStation 5, Microsoft Xbox Series X, and the Nintendo Switch. Its accessories consist of controllers, gaming headsets, virtual reality products and memory cards. It also sells a variety of in-game digital currency, digital downloadable content (DLC) and full-game downloads. Its Collectibles consist of apparel, toys, trading cards, gadgets, and other retail products and its digital asset wallet and NFT marketplace activities. Its stores and ecommerce sites operate under the names GameStop, EB Games, and Micromania.

Day's Change
-0.66 (-3.77%)
B/A Size
Day's High
Day's Low

Today's volume of 1,269,886 shares is on pace to be in-line with GME's 10-day average volume of 3,787,541 shares.


GameStop's stock jumps amid reports of revamped customer rewards program

2:49 pm ET May 22, 2023 (MarketWatch)

By James Rogers

The price of GameStop's rewards program will reportedly increase to $25 a year from $15

GameStop Corp.'s stock jumped Monday amid reports that the videogame retailer and sometime meme-stock darling is planning to revamp its customer rewards program.

Shares of GameStop (GME) rose 6.7%, compared with the S&P 500's gain of 0.2%.

Videogaming website Kotaku reports that the name of GameStop's PowerUp Rewards membership will be changed to GameStop Pro next month and its price will increase to $25 a year from $15 a year. New perks available to members will include 5% off preowned games and 5% off collectibles, according to Kotaku, citing screenshots of internal corporate training materials that were shared with the website.

Related: GameStop surges on surprise earnings beat, lifting meme stocks AMC and Bed Bath & Beyond

MarketWatch has reached out to GameStop with a request for comment on this story.

In March, GameStop shares surged on the company's surprise earnings beat, also lifting fellow meme stock AMC Entertainment Holdings Inc. (AMC). At that time, the videogame retailer said it had completed most of its planned upgrades related to infrastructure, systems, shipping capabilities and online and mobile platforms.

GameStop's stock is up 27.5% this year, outpacing the S&P 500's gain of 9.4%.

-James Rogers

This content was created by MarketWatch, which is operated by Dow Jones & Co. MarketWatch is published independently from Dow Jones Newswires and The Wall Street Journal.


(END) Dow Jones Newswires

May 22, 2023 14:49 ET (18:49 GMT)

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