GameStop Corp.
 (GME)

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  • Jan. 14, 2014, 12:47 PM
    | Jan. 14, 2014, 12:47 PM | 1 Comment
  • Jan. 14, 2014, 9:14 AM
    • Shares of GameStop (GME) dive in early trading after the company's update on holiday sales and new guidance disappoints,
    • Comparable store sales rose 10.2% during the period on a 7.1% comp in the U.S., but most analysts forecast a better tally with the new video game consoles out this year.
    • The retailer sets its outlook on Q4 EPS to $1.85-$1.95 vs. $2.14 consensus.
    • GME -12.7% premarket
    | Jan. 14, 2014, 9:14 AM | 3 Comments
  • Jan. 14, 2014, 9:10 AM
    | Jan. 14, 2014, 9:10 AM | 1 Comment
  • Jan. 7, 2014, 2:39 PM
    • Shares of GameStop (GME -8.4%) are getting smacked around after Sony announces more details on its cloud gaming platform.
    • Though the development wasn't wholly unanticipated, it does wind up the countdown clock for when the physical game model will be considered obsolete.
    • A mid-day downgrade on GME from Stifel Nicolaus to Hold from Buy related to the Sony news is also swaying some investors.
    | Jan. 7, 2014, 2:39 PM
  • Jan. 6, 2014, 3:19 PM
    • News that Microsoft sold over 3M Xbox One consoles signals a good holiday season for GameStop (GME -2%), surmises Wedbush.
    • The investment firm thinks GameStop had 40%-50% of the sales in the U.S. which when added to global purchases means the retailer moved around 1.65M-1.8M Xbox One consoles.
    • GameStop reports holiday sales on January 14 with analysts all over the place on where they think comparable-store sales growth will fall for the period. Anything over 10% could spark a rally.
    | Jan. 6, 2014, 3:19 PM
  • Dec. 23, 2013, 5:35 PM
    • Top gainers, as of 5:15 p.m.: SUPN +8.8%. COV +3.1%. NBL +1.5%. DNR +1.5%. DVN +1.4%.
    • Top losers, as of 5:15 p.m.: CAMP -6.1%. MTOR -3.5%. FXCM -2.7%. GME -2.3%. MAS -2.1%.
    | Dec. 23, 2013, 5:35 PM
  • Dec. 17, 2013, 10:07 AM
    • Toys R Us will stay open from 6:00 a.m. this Saturday until 9:00 p.m. Christmas Eve as it vies for late holiday season sales.
    • Though falling short of Kohl's 100 straight hour blitz, the toy seller will be on the high end in the sector.
    • What to watch: The expected rush in retail due to stormy weather and the late Thanksgiving will test the back-end of major retailers more than in past years. Companies with the most efficient 'buy online and pick up in stores' programs could see an edge. Gap (GPS), Macy's (M +0.3%), GameStop (GME +0.3%), and Wal-Mart (WMT -0.4%) have had some success in this area.
    | Dec. 17, 2013, 10:07 AM | 1 Comment
  • Dec. 13, 2013, 9:12 AM
    • Shares of GameStop (GME) race higher in premarket trading.
    • Fresh data from NPD on sales of the PS4 and Xbox One is out, although at first glance it doesn't appear to be wildly positive for GameStop with hardware sales outperforming expectations for software sales.
    • BofA reiterates its Buy rating on the retailer and says the console upgrade cycle is off to a strong start.
    • GME +7.5% premarket.
    | Dec. 13, 2013, 9:12 AM
  • Dec. 3, 2013, 3:43 AM
    | Dec. 3, 2013, 3:43 AM | 3 Comments
  • Dec. 2, 2013, 2:24 AM
    • The amount of money that consumers spent over the Thanksgiving weekend is estimated to have slipped 2.7% to $57.4B, the National Retail Federation says.
    • The drop is in contrast to estimates that Thanksgiving and Black Friday sales at brick-and-mortar stores rose 2.3%.
    • The average consumer spent $407.02 over the whole weekend, down 3.9% from last year.
    • The number of shoppers increased to 141M people from 139M.
    • The fall in spending came after retailers warned of a difficult holiday season and was due to the aggressive bargains on offer, a trend that is expected to continue.
    • However, the NRF maintained its forecast that retail sales will grow 3.9% for the whole holiday whole season.
    • Online sales climbed 17.3% on Thanksgiving and Black Friday, ComScore estimates, noting that the latter day attracted a record $1.2B in spending. The research firm expects Internet sales to rise 16% for the whole of the holiday season.
    • The most visited sites on Black Friday were those of Amazon (AMZN), eBay (EBAY) Walmart (WMT), Best Buy (BBY) and Target (TGT).
    • Total e-commerce sales hit $20.6B in the first 29 days of this holiday season, up 3.1% from last year, although this year includes more days.
    • Today is Cyber Monday, which the NRF reckons will attract 131M shoppers vs 129M last year. But as with Black Friday, Cyber Monday has started a day early, with J.C. Penney (JCP) and Macy's (M) among those who began related promotions yesterday. Target has gone further and created "Cyber Week."
    • More on Thanksgiving sales.
    • Tickers: FDO, DG, DLTR, FIVE, TGT, SHLD, BIG, GME, COH, GPS, LULU
    • ETFs: XLP, XLY, VDC, XRT, VCR, RTH, PBJ, RETL, PEJ, IYK, FXG, IYC, SCC, FXD, RHS, UCC, PMR, UGE, RCD, PSL, PSCC, SZK, FDIS, FSTA, PSCD, PEZ
    | Dec. 2, 2013, 2:24 AM | 3 Comments
  • Dec. 1, 2013, 1:38 AM
    • Thanksgiving and Black Friday sales at brick-and-mortar stores rose 2.3% on year to $12.3B, ShopperTrak estimates.
    • The research firm reiterates its forecast that sales for the whole of the holiday season will increase 2.4%, the weakest growth since 2009.
    • Foot traffic for both days grew 2.8% to over 1.07B store visits.
    • Online sales +20% on Thanksgiving and +19% on Black Friday, says IBM.
    • Mobile traffic accounted for almost 40% of all online visits on Friday. Mobile sales rose to 26% of total online sales on Thursday and were around 22% on Friday.
    • Increased store openings on Thanksgiving seem to have eaten into sales on Black Friday, while online transactions again took business away from physical purchases.
    • Anecdotal evidence suggests that consumers came with plans of what they wanted to buy, with the result that there was much less impulse shopping. (PR)
    • More on Thanksgiving Black Friday sales.
    • Tickers: AMZN, EBAY, FDO, DG, DLTR, FIVE, TGT, BBY, WMT, SHLD, BIG, GME, COH, GPS, LULU, JCP, M.
    • ETFs: XLP, XLY, VDC, XRT, VCR, RTH, PBJ, RETL, PEJ, IYK, FXG, IYC, SCC, FXD, RHS, UCC, PMR, UGE, RCD, PSL, PSCC, SZK, FDIS, FSTA, PSCD, PEZ
    | Dec. 1, 2013, 1:38 AM | 17 Comments
  • Nov. 29, 2013, 7:35 AM
    • Target (TGT) reportedly has seen strong store traffic and 2X more early orders on Target.com than a year ago.
    • Best Buy (BBY) and GameStop (GME) look set for a huge day with many reports of long lines, although some stores have already run out of XBox One and PlayStation 4 gaming consoles which could cut down on the festive mood.
    • Informal checks at Coach (COH) outlets show slow traffic.
    • Gap (GPS) in on the hot seat with inventory and store management issues cropping up a bit more than expected. The retailer's strategy this Black Friday has been an all-out selling binge which could test the ability of its omnichannel operations.
    • What to watch:┬áThe battle of Gap-brand Athleta vs. Lululemon (LULU) for market share heats up this year with many new Athleta stores popping up extremely close to LULU outlets. Athleta has more promotions today while Lululemon is relying on brand loyalty.
    | Nov. 29, 2013, 7:35 AM | 2 Comments
  • Nov. 22, 2013, 7:50 AM
    • Needham lifts its rating on GameStop (GME) to Buy from Hold on a valuation call after shares tanked yesterday.
    • Channel checks might be critical for which investment firm nails GameStop after the company issued a wide-ranging estimate for Q4 comparable store sales (2%-9%).
    | Nov. 22, 2013, 7:50 AM | 1 Comment
  • Nov. 22, 2013, 3:36 AM
    • Microsoft's (MSFT) Xbox One computer games console has gone on sale in 13 countries, including the U.S., U.K. and France, prompting long queues outside consumer-electronics stores.
    • The Xbox is going up against Sony's (SNE) PlayStation 4, of which over 1M were sold within 24 hours of the device's North America launch last Friday.
    • Retailers GameStop (GME) and BestBuy (BBY) have sold out of PS4s, with 2.3M GameStop customers waiting for the new players from Sony and Microsoft.
    | Nov. 22, 2013, 3:36 AM | 7 Comments
  • Nov. 21, 2013, 10:00 AM
    • Shares of GameStop (GME -9.2%) slump after a Q3 earnings beat is shoved aside by investors looking at weak guidance from the company for the critical Q4 holiday period.
    • The company sees Q4 EPS of $1.97-$2.14 vs. $2.15 consensus on its view comparable store sales will range somewhere between 2% and 9% during the period.
    • Channel checks on how gamers are buying titles for the Xbox One and PlayStation 4 could create even more volatility for GameStop in the upcoming weeks.
    | Nov. 21, 2013, 10:00 AM
  • Nov. 21, 2013, 8:33 AM
    • Gamestop (GME): Q3 EPS of $0.58 beats by $0.01.
    • Revenue of $2.11B (+18.8% Y/Y) beats by $0.13B.
    • Comparable store +20.5%. (PR)
    | Nov. 21, 2013, 8:33 AM
Company Description
Gamestop Corp is a multichannel video game retailer. It sells new and pre-owned video game hardware, physical and digital video game software, accessories, as well as PC entertainment software, new and pre-owned mobile and consumer electronics products.
Sector: Services
Country: United States