Product Name: TellGameStop
Product Description: GameStop does not just have the latest video games and wireless gadgets, but it also lets its consumers trade their old electronic devices in exchange for new ones. The company is truly dedicated to providing the best services to its customers, making the gaming experience something they always look forward.
To make sure they aren’t lagging in any aspect, GameStop wants its customers to take the TellGameStop survey to help them improve their services. It is more like a favor the company is asking of you. The best part of this survey is, the company would give a gift card worth $100 to 25 lucky winners who take the survey. You heard that, right! You can win a chance to get a $100 worth gift card that can be redeemed at any GameStop outlet.
Rules of TellGameStop Survey
- To be able to enter the survey online, you need to have made a purchase at any GameStop outlet and should have a purchase receipt with you
- To enter the lucky draw for $100 gift card, you can send in mail0-in entries if you have not made a purchase lately
- Winners will be selected at random on the 5th business day of every month
- Each can get one prize per term
- You need to be a resident of the United States, District of Columbia, or Puerto Rico
How to Take the Survey
- Purchase at any GameStop outlet and save the receipt
- To enter the survey online, visit the URL: TellGameStop.com
- Answer all the questions in the survey. Upon completion, you will be entered in the lucky draw automatically
- You don’t need to have a purchase receipt or even make a purchase to enter via mail
- Write the following details on a postcard
- Full Name
- Mailing Address
- Phone Number
- Email Address
Send the postcard with the above-listed details to the following address:
TellGameStop.com Sweepstakes Entry,
625 Panorama Trail, Suite 2100,
Rochester, NY 14625-2437
- Customer Service
- Product Quality
- Wait Time
User Review( votes)
- Large selection of games
- Buy used gmaes
- Friendly & knowledgeable staff
- Expensive new games
- Long wait for new games
Anyone who loves video games would be well aware of GameStop, which is an American retailer of video games, wireless services, and consumer electronics. Having its stores spread throughout the United States, Australia, New Zealand, Canada, and Europe, GameStop is a prominent name in the gaming industry. It’s headquartered in Texas, United States and has 7,267 retail stores spread all around the globe.
History of GameStop
GameStop has its roots from Babbage’s. Babbage’s was a software retailer based in Tuscan-Arizona. It was founded by former classmates of Harvard Business School, James McCurry and Gary M. Kusin in 1984. Babbage’s was named after Charles Babbage. The first store opened in North Park Center in Dallas with the help of an investor, Ross Perot. The company’s focus became the sales of video games for Atari 2600, which was dominant in the market at that time. In 1987, Babbage’s started selling video games for Nintendo. In 1988, the company went public. The video games accounted for as much as two-thirds of the total sales of Babbage’s by 1991.
Formation of NeoStarIn 1994, Babbage’s merged with Software Etc, which was a retailer of personal computing software based in Minnesota. The merger gave birth to NeoStar Retail Group. The stockholders of Babbage’s and Software Etc. received the shares of the newly formed holding company; NeoStar. Both the companies continued to operate independently, as subsidiaries of NeoStar. The senior management of both companies was retained too. James McCurry, who was the chairman and founder of Babbage’s, became the chairman of Neostar. Gary Kusin, the President of Babbage’s and Daniel DeMatteo, the President of Software, Etc. continued in their respective roles.
In 1995, Daniel Matteo became the president and CEO of NeoStar after Gary Kusin resigned from the position of Babbage’s president. Daniel Matteo also took over Kusin’s duties. James McCurry became the CEO of NeoStar. The headquarters of the company moved to Grapevine from Dallas in the same year.
In May 1996, Babbage’s and Software, Etc. was merged into one organization. The sales of the company were declining, and amidst this, Daniel DeMatteo (President of the company) resigned. James McCurry, the CEO of NeoStar, became the President. In September 1996, NeoStar failed to secure the necessary credit to purchase the inventory for the holiday season and filed for Chapter 11 bankruptcy. With this, a board member of NeoStar, Thomas G. Plaskett became the chairman, with McCurry continued to be CEO and president.
The company had to sell its assets in November 1996 for $58.5 million to Leonard Riggio. Riggio was a founder of Software Etc, as well as the chairman and principal stockholder of Barnes and Noble. He kept 108 NeoStar stores open, with about 200 stores being subsequently closed.
Launch of GameStop
Leonard Riggio dissolved NeoStar holding company and created a new one with the name Babbage’s Etc. Three years down the road, Babbage’s Etc. launched GameStop in 1999, with 30 stores that were located in strip malls. Gamestop.com was also launched that allowed customers to buy video games online. GameStop was also promoted in the stores of Software Etc. and Babbage’s.
Barnes and Noble Takeover
In October 1999, Babbage’s Etc. was purchased by Barnes and Noble Booksellers for $215 million. Leonard Riggio was not only the owner of Babbage’s but also a principal stockholder and chairman of Barnes and Noble. Thus a committee was made to sign off the deal. A few months later, Funco was acquired by Barnes and Noble which was a video game retailer, for $160 million. Babbage’s Etc. now became a wholly owned subsidiary of Funco. Barnes and Noble also acquired Game Informer, which is a video game magazine. It was first published in 1991. Funco was renamed to GameStop Inc. in 2000.
GameStop was taken public with initial public offering on the New York Stock Exchange in February 2002. The ticker symbol for GameStop was GME. Barnes and Noble retained 67% outstanding shares and 95% voting shares in the newly public company. GameStop was made an independent company in 2004.
Successful Years of GameStop
GameStop expanded its operations to Canada, New Zealand, Australia, and Europe after acquiring EB Games. Two years later, the company acquired Rhino Video Games in 2007 which had 70 operational stores in the Southeastern United States.
In April 2008, the company acquired Norwegian stores of Free Record Shop. These 49 stores were converted into video game shops. In October 2008, GameStop acquired Mircomania for $700 million. Micromania was a French video game retailer. With this acquisition, GameStop got 332 French video game stores, as compared to no stores in France before this. In 2012, the revenue of the company had soared to $600 million.
The list of acquisitions contains many other prominent names such as Kongregate, Spawn Labs, Impulse, BuyMyTronics, a minority interest in Simply Mac (which was completely acquired in 2013), and Spring Mobile. GameStop also obtained 163 RadioShack location in 2015. All GameStop stores in Puerto Rico were closed by the end of March 2016 because of an increase in government taxes. In August 2016, GameStop acquired 507 AT&T with an intention to diversify into new businesses.
Decline of GameStop
With an increase in online surfaces such as PlayStation, Xbox Live, and Steam, there has been a decline in video game business. GameStop felt changing market trends. As a result, there was a 16.4% drop in sales in 2017. The shares of the company also fell by 16% throughout the year. The shares fell further by 8@ after Microsoft announced Xbox Game Pass Service. GameStop announced that it would expand its non-gaming business and close 150 stores.
The company confirmed that it was in talks with Sycamore Partners over the sale of the company but in June 2018. However, in January 2019, the company reported that they are not looking for potential buyers anymore due to a lack of financing that is commercially acceptable. After this announcement, the shares of the company fell to a 14-year old low, by 27%.
In February 2019, the company reported a net loss of $673 million, which was a record-breaking loss!
- Is GameStop going out of business?
GameStop is running out of business. They will shut down a lot of stores in 2019.
- How much will GameStop give me for Xbox one?
GameStop will pay $100 to $125 for Xbox One, with an additional $50, regardless of the model.
- Does GameStop buy phones?
Yes, GameStop buys used phones.
- What can I trade in at GameStop?
You can trade video games, phones, and tablets at GameStop.
- Will GameStop take console without a controller?
GameStop does not accept consoles without a controller.
- Will GameStop buy my Nintendo switch?
GameStop will give you $200 against your Nintendo Switch if you trade it for a new Nintendo Switch.
- Is EB Games and GameStop the same company?
GameStop is the parent corporation of EB Games.