As of the date of this press release, Scion beneficially owns approximately 2,, shares, or 4. Scion believes CEO George Sherman, appointed by the Board in , is progressing quickly in reshaping GameStop to thrive into and beyond the coming console upgrade cycle. Scion believes that under Sherman, GameStop is approaching its own reboot in a sensible and innovative manner. Most crucially, it appears to Scion that GameStop is now succeeding in transforming vendor partnerships to unlock high-margin revenue streams. In March , GameStop announced the appointment of three new independent directors. Scion believes that the newly comprised Board will help GameStop navigate these challenging times armed with both a deep knowledge base and significant applicable experience. Scion points out that the dissident slate consists of two individuals that possess neither relevant video game industry experience nor omnichannel retail experience. View source version on businesswire.
10 Questions You Should Never Ask A GameStop Employee
The products discussed here were independently chosen by our editors. GameSpot may get a share of the revenue if you buy anything featured on our site. Pre-orders are live on all platforms, and each edition comes with some a bunch of bonuses. Portland Trailblazers star Damian Lillard would be the cover athlete for current generation consoles, while young phenom Zion Williamson will fittingly be on the cover of the PS5 and Xbox One X standard edition.
It’s worth noting that the upgrade to next-gen is the standard edition of the game, so you won’t double-up on the digital goodies that come with the Mamba Forever edition. The next-gen version of 2K21 is more than a simple upgrade, though.
However, GameStop is adjusting its return policy to be more flexible once days of the original purchase date as long as you have the receipt.
CT on June 12, As the presentation outlines in greater detail, GameStop currently benefits from a newly refreshed Board that possesses extensive industry-specific experience and relevant skillsets, with the majority of directors added since April The Board urges stockholders to not return or otherwise vote any White proxy card sent by the Dissident Stockholders. This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of All statements regarding targeted and expected benefits of our transformation, the GameStop Reboot plan, capital allocation, profit improvement and cost-savings initiatives, and expected fiscal results, are forward-looking statements.
Forward-looking statements are subject to significant risks and uncertainties and actual developments, business decisions and results may differ materially from those reflected or described in the forward-looking statements. Forward-looking statements contained in this press release speak only as of the date of this release. The Company undertakes no obligation to publicly update any forward-looking statement, whether as a result of new information, future developments or otherwise, except as may be required by any applicable securities laws.
Participants in the Solicitation. Denning icrinc. Investor Contact : GameStop Corp. Investor Relations investorrelations gamestop. If you have already voted using a White proxy card, you can change your vote by using the enclosed BLUE proxy card to vote by telephone, Internet or by mail. Only your latest-dated vote will count.
GameStop Coupons and Promo Codes
Many have seen GameStop’s measures as insufficient, aimed more at profit than at protecting employees and customers. The company now appears to be reconsidering its strategies in response to the criticism. According to the update, all U. Orders will be processed digitally, and purchases can be made through the online store or app, with curbside pick-up or eCommerce delivery.
Our priority has been and continues to be on the well-being of our employees, customers and business partners. We have been steadfast in our adherence to CDC-guided safety and local government orders for retailers in each of our communities.
TL;DR: GameStop is holding a buy-one-get-one sale July 23 only on pre-owned PlayStation 3 and Xbox games — if you still use those.
CT on June 12, Thank you, as always, for your investment in GameStop. Your Board has consistently demonstrated that it is focused on delivering returns to stockholders. In June , your Board initiated a comprehensive review of strategic and financial alternatives to ensure that GameStop would deliver maximum value to stockholders. Your Board instead implemented a more prudent capital allocation strategy. In response, the Dissident Stockholders proceeded to nominate their own director candidates who would pursue their aggressive financial engineering aims.
Your Board firmly believes in a diversity of perspectives and experience within the boardroom and appreciates constructive stockholder input into Board and management refreshment. In addition to the thoroughly refreshed Board, your Board appointed George Sherman as Chief Executive Officer in April , and announced new leadership appointments and an enhanced organizational structure in May , including appointing Jim Bell as Chief Financial Officer and creating new Chief Merchandising Officer and Chief Customer Officer roles.
Despite the differences in perspectives, in early , the Board approved entering into a Cooperation Agreement with the Dissident Stockholders to avoid wasting valuable stockholder capital on a costly and unnecessary proxy fight, and your Board has continued to make efforts to engage constructively with the Dissident Stockholders ever since. Representatives of the Company met with the Dissident Stockholders in person and by phone several times throughout to discuss their feedback, and the Dissident Stockholders have been given significant access to and input into the Board refreshment process.
Rather than take advantage of this significant opportunity to constructively participate in the Board refreshment process, the Dissident Stockholders single-mindedly reiterated their desire to directly insert themselves onto your Board, without regard for the requisite criteria for director skillsets or the recent Board refreshment—even though we already provided them with representation by settling with them in and adding their nominee to your Board.
Being a stockholder, by itself, does not make a candidate qualified to serve on your Board.
GameStop Highlights the Progress Made Executing Its Innovative Business Transformation Plan
CT on June 12, The Board and management team appreciate constructive stockholder feedback intended to help the Company generate long-term value for ALL stockholders. Notwithstanding the fact that Mr.
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This copy is for your personal, non-commercial use only. I think bulls and bears have fallen asleep on GameStop GME , focusing too much on the legacy argument while ignoring a silent transition taking shape. What I hope to do with this research is highlight the potential for a transformation to occur at GameStop, that if successful could reward investors handsomely. I will not argue this point at all; I am going to let the bears have their cake.
I think the legacy business at GME is at major risk, and although it should rebound substantially from November through mid to late, it will likely go into permanent decline after that. Another negative view is that this is likely the last console cycle with physical games , and although GME will benefit and the stock is cheap, the company will be assigned zero multiple and the upside will be fast and short lived.
GME has a momentous task in front of it, but it has two major luxuries that make a large upside surprise possible. GME has already established relationships with 60 million engaged gamers through its PowerUp rewards program. This will become a key asset as the company transforms itself to tap some of the new and exciting trends in gaming.
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Another reason that the company policy of gutting makes no sense. Technically most new games in the store are already used once they’ve.
Rudolph has come and gone, but there are quite a few post-holiday sales going on. Now is a great time to use up any gift cards that you may have received. Or if you still have a few stragglers to shop for, you can pick them up a belated gift at a discount. The same can be said for any birthday gifts for those unfortunate folks born in late December or early January. Then again, maybe your holiday gifts weren’t so holly and jolly.
If that’s the case, here’s a guide on how to return everything. When you buy something using the links in our stories, we may earn a small affiliate commission. For the next few weeks, there will be plenty of deals on fitness and health gear to assist in any resolutions you may have made. If you’re in the market for a fitness tracker, gym supplies, or other health and wellness gadgets, they’ll probably go on sale soon if they haven’t already. However, if you’re traveling to a place where there may be limited access to safe drinking water, a LifeStraw is a smart investment.
You can use it to drink out of puddles, rivers, and other bodies of water, and it filters out anything that may make water nonpotable.
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Seriously, why is it that every single Gamestop store has at least one of the things on display? Yet, Gamestop somehow clings to life, partially thanks to their increased reliance on retro gaming. Worse still is their attitude toward employees; though working with Gamestop may seem like a dream come true at the outset, store clerks are often treated more like used car salesmen than traditional retail workers. Tons of ex-employees have taken to YouTube to discuss their disdain for their former employer, and wary job-seekers need not search far to find negative opinions of the organization.
With that in mind, here are 30 ridiculous guidelines which Gamestop forces on their employees. While a vast majority of Gamestop applicants will come equipped with a wealth of knowledge on the subject, the company has certainly hired clueless retail workers in the past. This Circle of Life priority works by encouraging gamers to purchase new games at Gamestop and then return and redeem them for store credit at a later date.
Theoretically, buyers would then use that credit to buy used games, and the cycle would continue. This system made working at Gamestop much more stressful than an average retail job and led to a wide-scale backlash from which the retailer is still struggling to recover. While aggressive, employee-hostile tactics like this may be expected in high-pressure sales environments like used car lots, the Circle of Life mentality brought a huge strain on quality of life for both consumers and representatives at Gamestop.
Employees were stressed out because there were very real examples of workers being released from the company for failing to uphold certain quotas, and it hurt the consumer experience because gamers constantly felt pressured to spend more than they actually intended to. With that in mind, when the Circle of Life standard was in its prime, employees were essentially discouraged from selling new games because it negatively impacted their quotas and sometimes impacted their CoL scores.
Workers with CoL scores lower than forty-ish percent were often reprimanded, and it got to the point where game releases were the bane of most employees existences. Now that Gamestop has done away with Circle of Life scores, these issues have been somewhat assuaged.