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Gamestop Corp

Mon, 2010-03-29 21:44 — superadmin
Region: 
Private: 
Public: 
Ticker: 
GME
Market cap: 
$3,152 million
Country of incorporation: 
United States of America
Industry: 
Consumer Discretionary
Description: 

GameStop Corporation operates specialty electronic game and PC entertainment software stores throughout the United States, Australia, Canada and Europe. The Company stores sell new and used video game hardware, video game software and accessories as well1.

  1. 1. google company description
Positive Impact – Doing: 

1. Partnership with NGO Make-A-Wish Foundation to provide shopping sprees to children with life-threatening medical conditions across the country. http://www.gamestopcorp.com/community.aspx
2. Launched nationwide public education/awareness campaign in 2006 to assist parents in making informed decisions on video game purchases - educating them about the Game Ratings systems they have in place, which rate game content to determine what age level it is approriate for, in much the same way that moving ratings are done. Uses the Entertainment Software Ratings Board symbols to designate maturity level. Launched a webiste at RespectTheRatings.com for further information. http://www.gamestopcorp.com/esrb.aspx
3. Sell used equipment (repairing & reusing equipment is more environmentally sound than buying it new altogether) - article in the WSJ on 1/21/091. Also, has trade-in offers, where you can trade in old games/consoles and get credit towards new ones (form of recycling)2.

  1. 1. http://online.wsj.com/article/SB123249378212700025.html
  2. 2. http://www.gamestop.com/gs/specialty/tradeins/
Positive Impact – Talking: 

1. Social Responsibility section on website. http://www.gamestopcorp.com/community.aspx

Controversy: 

1. 4/10/09 Accused of selling used games as new. http://technologizer.com/2009/04/10/gamestop-accused-of-selling-played-g...
2. 10/10/06 Collective-action lawsuit - Brought by a half-dozen of its store managers in Louisiana, which claimed they were wrongfully declared exempt from overtime regulations of the Fair Labor Standards Act (FLSA) and were required to work "in many occasions, in excess of 50 or 60 hours per week." http://www.gamespot.com/news/6155580.html

Notes: 
Additional Research: 

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