GameStop is a retail company that specializes in video games, consumer electronics, and gaming merchandise. It operates a chain of brick-and-mortar stores and an e-commerce platform, offering new and pre-owned video game titles, gaming consoles, and accessories. Founded in 1984, GameStop became well-known for its role in the gaming retail industry and for providing trade-in services, allowing customers to sell their used games and devices.
In early 2021, GameStop gained significant media attention due to its stock price volatility driven by retail investors participating in online forums, particularly Reddit’s WallStreetBets. This phenomenon led to a dramatic surge in the company’s stock prices and discussions about short-selling, market manipulation, and the influence of social media on investing behaviors. GameStop’s situation became emblematic of broader trends in the retail trading landscape and the clash between individual investors and institutional finance.
GameStop plans to sell its French operations, including over 300 Micromania-Zing stores, marking a significant shift in retail gaming. Micromania-Zing has been a key cultural hub for gaming, pop culture…