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GameStop Corp. engages in the retail of multichannel video game, consumer electronics, and wireless services. It operates through the following segments: United States, Canada, Australia, Europe, and Technology Brands. Read More The United States segment includes the retail operations, and electronic commerce websites www.gamestop.com and www.thinkgeek.com, Game Informer magazine, and Kongregate. The Canada segment comprises of retail and e-commerce business. The Australia segment refers to the retail and e-commerce operations in Australia and New Zealand. The Europe segment pertains to the retail and e-commerce operations in the European countries. The Technology Brands segment consists of Spring Mobile managed AT&T and Cricket Wireless branded stores, and Simply Mac stores. The company was founded in June 2000 and is headquartered in Grapevine, TX.
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The Motley FoolMar 16
Can Activist Investors Force GameStop to Evolve?
GameStop (NYSE:GME) has lost more than 70% of its market value over the past five years, as digital downloads have disrupted its business of selling new and pre-owned video games.
Yahoo FinanceMar 14
GameStop investors demand changes to board amid ‘value destruction’
GameStop shareholders say they will nominate own directors if they aren't satisfied with the current board's response....
GameStop Investors Threaten Proxy Battle Over 'Stale Board'
GameStop is dealing with a host of problems in its business. And now, it’s facing the wrath of two major shareholders. In a letter to the GameStop board, Permit Capital Enterprise Fund and Hestia Capital Partners, which together own 1.3% of GameStop, said that the company needs to replace its “stale board” and increase stock buybacks to return more value to shareholders, according to The Wall Street Journal, which obtained a copy of the letter. They shared concerns that GameStop isn’t doing enough to compe...
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