3 ms·
? Did you perhaps get taken in by "We are evolving from a video game retailer to a technology company that connects customers with games, entertainment and a w
by baumy 5y ago
?
Did you perhaps get taken in by "We are evolving from a video game retailer to a technology company that connects customers with games, entertainment and a wide assortment of products"?
Everybody and their grandmother is claiming that they are evolving into a technology company if they aren't already one. Doesn't actually mean they are. "Connecting customers with games, entertainment and a wide assortment of products" would have been a reasonable description of gamestop's business since I first went to one in the 90s. I can't read the following 4 points after that statement, which go slightly into specifics, any way other than "we're going to keep doing what we've always done, but even harder".
So yes, their strategy seems effectively unchanged to me. Not sure how all the pablum about their financial juggling is relevant to their change in strategy, or lack thereof.
What significant change to their business model did they announce + demonstrate the value of around the time of the stock price explosion to justify the increased price? I see absolutely nothing. GP seems obviously correct in the assessment that it's hype. Everything you quoted seems like irrelevant corporate speak malarkey to me.