GameStop is making some big changes to move forward in a world where players rely on online downloads and storefronts to deliver games. Just last month, GameStop announced a massive stock sale in order to help the company fund a major transformation plan to help make a big shift to e-commerce.
Now, the company has announced one of the major steps forward into making this transition. GameStop is in the process of opening a massive facility in York, Pennsylvania which will further expand the company's North American network.
The news comes by way of a news release posted on GameStop's dedicated news website. The release states that the facility is 700,000 square feet and is expected to be operational by the "fourth quarter of 2021." News of this major shift to e-commerce really began to pick up steam thanks to the massive change in leadership at GameStop just recently, with several former members of the pet supply storefront Chewy filling in higher-up positions at the company. Specifically, it seems that GameStop's new chairmen, Ryan Cohen, is one of the major players championing the shift to e-commerce.
Though this massive facility isn't set to open up for several months now, it should prove to be a huge boon for the company. Recently, GameStop has been making small but effective business decisions to turn a profit during the ongoing pandemic, such as price-matching competitors in-store. Major retailers like Best Buy and Walmart have long adopted a similar strategy that has seemingly done very well. Still, GameStop is no doubt in a bit of a tumultuous period during this drawn out transitional period within the company.
This transitional period is not just due to the major shift in sales style, but also due to the change in leadership. Though GameStop just accepted various new members to lead the company, the current CEO of GameStop is still leaving the company this summer. Additionally, GameStop's Board of Directors is currently in charge of searching for the replacement CEO, despite a handful of key members leaving their positions on the Board as well. Still, the Board does have until July 31 to find another CEO to step in and fill the role.
Needless to say, GameStop is undoubtedly busier than ever with the process of hiring a new CEO and the construction of this massive new facility in Pennsylvania. Hopefully these changes will prove beneficial to the company, as GameStop has been in a difficult position for sometime. With more and more gamers shifting their reliance to online storefronts and the pandemic harming in-person commerce, these last few years have no doubt proven challenging for the leadership of the company. Players will just have to wait until the end of this year to see how the shift to e-commerce ultimately shakes out for GameStop and the company's new facility.
Source: GameStop