ADVFN - Advanced Financial Network.
HOME» NYSE » G » GME Stock Price » GME Stock News

Gamestop Share News

 Gamestop Corp (new) Stock Price
GME Stock Price
 Gamestop Corp (new) Stock Chart
GME Stock Chart
 Gamestop Corp (new) Stock News
GME Stock News
 Gamestop Corp (new) Company Information
GME Company Information
 Gamestop Corp (new) Stock Trades
GME Stock Trades

GameStop CEO Sees Market-Share Gains Despite Wal-Mart Moves

By Mary Ellen Lloyd Of DOW JONES NEWSWIRES GameStop Corp. (GME) Chief Executive Daniel DeMatteo played down the potential impact of a new push by Wal-Mart Stores Inc. (WMT) in the videogame business, saying his company can continue to gain market share. During a conference call with analysts and investors, DeMatteo said Wal-Mart's efforts are "obviously" an effort to boost its share of the first-week of new game titles. GameStop, the largest videogame and entertainment-software retailer by sales, now dominates that market, as it has 60% to 70% of the market share in first-week sales, DeMatteo said. "We believe our pre-release marketing, exclusive content and the immediate currency provided by our trade-in program will allow us to continue to gain market share as it has for the last few years," he said. GameStop shares recently rose 0.6% to $21.40 as broader markets fell sharply. Earlier Thursday, Wal-Mart unveiled a new website for videogames. The site touts exclusive content and special incentives, such as store gift cards, to pre-order new releases, as well as a trade-in program for used games and electronics. Under the trade-in program, customers will receive a prepaid Wal-Mart Visa card in the mail several days after shipping in their old products. GameStop's trade-in program in stores provides instant store credit for purchases. Also earlier Thursday, GameStop posted a 6.7% increase in first-quarter profit, slightly better than Wall Street's forecasts, as new game sales were stronger than industry trends. GameStop's revenue rose 5.1% to $2.08 billion and included a same-store sales decline of 1.6% as shortages of game systems hurt hardware sales. Analysts had most recently forecast $2.03 billion in revenue. -By Mary Ellen Lloyd, Dow Jones Newswires; 704-948-9145; maryellen.lloyd@dowjones.com

Stock News for Gamestop (GME)
DateTimeHeadline
03/30/201510:21:025 Things GameStop Corp. Management Wants You to Know
03/30/201508:00:02GameStop Corp. Is an Investor's Final Fantasy
03/28/201512:06:03GameStop A Buy After 'Disappointing' Earnings
03/28/201502:26:40What's Going On?
03/27/201511:12:42MARKET SNAPSHOT: U.S. Stocks On Track For Big Weekly Loss
03/27/201510:52:29MARKET SNAPSHOT: U.S. Stocks On Track For Big Weekly Loss
03/27/201510:41:21MARKET SNAPSHOT: U.S. Stocks On Track For Big Weekly Loss
03/27/201509:15:07MARKET SNAPSHOT: U.S. Stocks: Futures Point To Fifth Day Of Losses
03/27/201508:49:34GameStop talks stores on earnings call
03/27/201507:46:27MARKET SNAPSHOT: U.S. Stocks: Futures Point To Fifth Day Of Losses
03/27/201506:55:05GameStop Corp. Earnings Hit by $350 Million Next-Gen Console...
03/27/201506:50:05GameStop Corp. Earnings Hit by $350 Million Next-Gen Console...
03/27/201506:46:12MARKET SNAPSHOT: U.S. Stocks: Futures Point To Fifth Day Of Losses
03/27/201506:45:07GameStop Corp. Earnings Hit by $350 Million Next-Gen Console...
03/27/201506:40:04GameStop Corp. Earnings Hit by $350 Million Next-Gen Console...
03/27/201506:35:04GameStop Corp. Earnings Hit by $350 Million Next-Gen Console...
03/27/201506:31:30Wall Street Breakfast: Markets Prepare For Yellen Speech
03/27/201506:30:08GameStop Corp. Earnings Hit by $350 Million Next-Gen Console...
03/27/201506:25:05GameStop Corp. Earnings Hit by $350 Million Next-Gen Console...
03/27/201506:20:04GameStop Corp. Earnings Hit by $350 Million Next-Gen Console...

Gamestop and other New York Stock Exchange stock quotes are delayed by at least 20 minutes.
All other stock price data is delayed by at least 15 minutes unless otherwise stated.
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Contact Us | Copyright 1999-2007 ADVFN PLC. | Privacy Policy | Investment Warning | Data accreditations | Investor Relations

ADVFNADVFN ItalyADVFN GermanyADVFN FranceADVFN BrazilADVFN JapanADVFN UKADVFN US noad