GameStop has announced that they will be preparing to open stores in South Carolina and Georgia in the coming weeks. Outside of the US, the videogame retailer has already begun the reopening process for stores in Italy, Germany, and Austria.
A third of GameStop’s 5,500 stores have remained closed throughout the COVID-19 pandemic, while two-thirds of stores are offering curbside pick-up.
GameStop is hoping to potentially open even more US stores soon. With the reopening, the priority will be to focus on the well-being of the company’s employees, customers and business partners. George Sherman, GameStop’s Chief Executive Officer, remains optimistic of the company’s strength during this time.
“The situation remains very fluid and a great deal of uncertainty remains, however, we entered into this time with a strong balance sheet and believe that we have sufficient cash and liquidity for the foreseeable future and will continue to take all of the necessary steps to ensure GameStop remains a strong and vibrant company at the end of this crisis,” Sherman said.
The company also announced that Sherman will take a temporary 50% base salary reduction and the remainder of the leadership team will take a 30% reduction.
Source: Gamestop News Release – 4/21/20
Photo Credit: Getty Images
GameStop Corp., a Fortune 500 company headquartered in Grapevine, Texas, is the world’s largest video game retailer, operates approximately 5,500 stores across 14 countries, and offers the best selection of new and pre-owned video gaming consoles, accessories and video game titles, in both physical and digital formats. GameStop also offers fans a wide variety of POP! vinyl figures, collectibles, board games and more. Through GameStop’s unique buy-sell-trade program, gamers can trade in video game consoles, games, and accessories, as well as consumer electronics for cash or in-store credit. The company’s consumer product network also includes www.gamestop.com and Game Informer® magazine, the world’s leading print and digital video game publication.