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GameStop Announces Collaboration with PSA

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GameStop Corp. (NYSE: GME) has announced a collaboration with Collectors, through its Professional Sports Authenticator (PSA) division. As part of this partnership, GameStop will become an authorized PSA dealer, offering authentication and grading services for trading cards at select GameStop stores across the United States.

PSA is recognized as the world's largest and most trusted provider of trading card and autograph authentication and grading services. This collaboration aims to expand GameStop's offerings in the collectibles market and provide customers with access to professional grading services.

Customers can visit the GameStop website for a store locator and details on the GameStop/PSA submission process. For more information about PSA's authentication and grading services, interested parties can visit the PSAcard.com website.

GameStop Corp. (NYSE: GME) ha annunciato una collaborazione con Collectors, attraverso la sua divisione Professional Sports Authenticator (PSA). Nell'ambito di questa partnership, GameStop diventerà un rivenditore autorizzato PSA, offrendo servizi di autenticazione e valutazione per carte da collezione in alcuni punti vendita GameStop negli Stati Uniti.

PSA è riconosciuto come il più grande e affidabile fornitore mondiale di servizi di autenticazione e valutazione di carte da collezione e autografi. Questa collaborazione mira ad ampliare l'offerta di GameStop nel mercato dei collezionabili e a fornire ai clienti accesso a servizi di valutazione professionale.

I clienti possono visitare il sito web di GameStop per trovare punti vendita e dettagli sul processo di invio GameStop/PSA. Per ulteriori informazioni sui servizi di autenticazione e valutazione di PSA, le parti interessate possono visitare il sito PSAcard.com.

GameStop Corp. (NYSE: GME) ha anunciado una colaboración con Collectors, a través de su división Professional Sports Authenticator (PSA). Como parte de esta asociación, GameStop se convertirá en un distribuidor autorizado de PSA, ofreciendo servicios de autenticación y calificación para tarjetas coleccionables en algunas tiendas GameStop de los Estados Unidos.

PSA es reconocido como el proveedor más grande y confiable del mundo en servicios de autenticación y calificación de tarjetas coleccionables y autógrafos. Esta colaboración tiene como objetivo expandir la oferta de GameStop en el mercado de coleccionables y proporcionar a los clientes acceso a servicios de calificación profesional.

Los clientes pueden visitar el sitio web de GameStop para localizar tiendas y obtener detalles sobre el proceso de envío de GameStop/PSA. Para más información sobre los servicios de autenticación y calificación de PSA, las partes interesadas pueden visitar el sitio PSAcard.com.

게임스톱 주식회사 (NYSE: GME)는 프로페셔널 스포츠 인증기(PSA) 부서를 통해 Collectors와 협력을 발표했습니다. 이번 파트너십의 일환으로 게임스톱은 특정 게임스톱 매장에서 거래 카드에 대한 인증 및 등급 서비스를 제공하는 인가된 PSA 딜러가 될 것입니다.

PSA는 세계 최대이자 가장 신뢰받는 거래 카드 및 사인 인증 및 등급 서비스 제공업체로 인정받고 있습니다. 이번 협력은 게임스톱의 수집품 시장에서의 제안을 확대하고 고객에게 전문 등급 서비스에 대한 접근을 제공하는 것을 목표로 합니다.

고객은 게임스톱 웹사이트를 방문하여 매장 위치를 찾고 게임스톱/PSA 제출 과정에 대한 세부정보를 확인할 수 있습니다. PSA의 인증 및 등급 서비스에 대한 추가 정보는 관심 있는 당사자가 PSAcard.com 웹사이트를 방문하면 확인할 수 있습니다.

GameStop Corp. (NYSE: GME) a annoncé une collaboration avec Collectors, via sa division Professional Sports Authenticator (PSA). Dans le cadre de ce partenariat, GameStop deviendra un revendeur agréé PSA, offrant des services d'authentification et de notation pour les cartes à collectionner dans certaines magasins GameStop à travers les États-Unis.

PSA est reconnu comme le plus grand et le plus fiable fournisseur mondial de services d'authentification et de notation pour les cartes à collectionner et les autographes. Cette collaboration vise à élargir l'offre de GameStop sur le marché des objets de collection et à donner accès aux clients à des services de notation professionnels.

Les clients peuvent visiter le site Web de GameStop pour trouver un magasin et obtenir des détails sur le processus de soumission GameStop/PSA. Pour plus d'informations sur les services d'authentification et de notation de PSA, les parties intéressées peuvent visiter le site PSAcard.com.

GameStop Corp. (NYSE: GME) hat eine Zusammenarbeit mit Collectors über seine Abteilung Professional Sports Authenticator (PSA) angekündigt. Im Rahmen dieser Partnerschaft wird GameStop ein autorisierten PSA-Händler und bietet in ausgewählten GameStop-Filialen in den USA Authentifizierungs- und Bewertungsdienste für Sammelkarten an.

PSA ist als der größte und vertrauenswürdigste Anbieter von Authentifizierungs- und Bewertungsdiensten für Sammelkarten und Autogramme anerkannt. Diese Zusammenarbeit zielt darauf ab, das Angebot von GameStop im Sammlermarkt zu erweitern und den Kunden Zugang zu professionellen Bewertungsdiensten zu bieten.

Die Kunden können die GameStop-Website besuchen, um Geschäfte zu finden und Einzelheiten zum GameStop/PSA-Einreichungsverfahren zu erhalten. Weitere Informationen zu den Authentifizierungs- und Bewertungsdiensten von PSA finden interessierte Parteien auf der Website PSAcard.com.

Positive
  • Expansion into the collectibles market through partnership with PSA
  • Potential for increased foot traffic and revenue from card grading services
  • Enhanced customer offering by becoming an authorized PSA dealer
Negative
  • None.

Insights

This collaboration between GameStop and PSA marks a strategic move into the collectibles market, particularly trading cards. While it's an interesting diversification effort, the immediate financial impact is likely to be minimal. Here's why:

  • initial rollout to "select GameStop stores" suggests a cautious approach
  • Authentication and grading services are typically low-margin businesses
  • The collectibles market can be volatile and subject to trends

However, there are potential long-term benefits:

  • Increased foot traffic to physical stores
  • Cross-selling opportunities with gaming merchandise
  • Building a new revenue stream in a growing collectibles market

Investors should view this as a small step in GameStop's ongoing transformation efforts, rather than a game-changing development. The company's core business and financial health remain the primary factors to watch.

This partnership taps into the booming trading card market, which has seen significant growth in recent years. Key points to consider:

  • The global trading card market was valued at $13.8 billion in 2023 and is projected to reach $25.9 billion by 2028
  • PSA is a respected name in card grading, which could lend credibility to GameStop's offering
  • This move aligns with the trend of "retailtainment" - combining retail with entertainment experiences

However, success will depend on execution:

  • Training staff to handle valuable collectibles
  • Managing customer expectations on grading turnaround times
  • Competing with established card shops and online platforms

While this collaboration shows GameStop's willingness to innovate, it's unlikely to significantly impact the company's bottom line in the short term. Investors should monitor the rollout and any data on customer adoption rates.

GRAPEVINE, Texas, Oct. 15, 2024 (GLOBE NEWSWIRE) -- GameStop Corp. (NYSE: GME) (“GameStop” or the “Company”) today announced it has entered into a collaboration with Collectors, through its Professional Sports Authenticator division (“PSA”). PSA offers the world’s largest and most trusted trading card and autograph authentication and grading services. As part of this collaboration, GameStop will become an authorized PSA dealer, and PSA will provide authentication and grading services for trading cards through select GameStop stores across the United States. Please visit http://www.gamestop.com/card-grading-service for a store locator and summary of the GameStop/PSA submission process, and visit PSAcard.com to learn more about PSA’s authentication and grading services.

CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTS - SAFE HARBOR
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements are based upon management’s current beliefs, views, estimates and expectations and are subject to risks described in in the Company’s periodic filings made from time to time with the SEC and available at www.sec.gov or on the Company’s investor relations website (https://investor.gamestop.com). For example, forward-looking statements include statements regarding when the Company anticipates reconvening its annual meeting of stockholders. Forward-looking statements contained in this press release speak only as of the date of this press release. The Company undertakes no obligation to publicly update any forward-looking statement, whether as a result of new information, future developments or otherwise, except as may be required by any applicable securities laws.

Contact

GameStop Investor Relations
817-424-2001
ir@gamestop.com


FAQ

What is GameStop's new collaboration with PSA announced on October 15, 2024?

GameStop (NYSE: GME) announced a collaboration with Collectors' Professional Sports Authenticator (PSA) division, becoming an authorized PSA dealer and offering authentication and grading services for trading cards at select GameStop stores across the United States.

How will the PSA collaboration affect GameStop's (GME) business?

The collaboration will allow GameStop to expand its offerings in the collectibles market, potentially increasing foot traffic and revenue by providing PSA's authentication and grading services for trading cards at select stores.

Where can customers find information about GameStop's (GME) new card grading service?

Customers can visit GameStop's website at gamestop.com/card-grading-service for a store locator and summary of the GameStop/PSA submission process.

What services does PSA offer in its collaboration with GameStop (GME)?

PSA offers the world's largest and most trusted trading card and autograph authentication and grading services, which will now be available through select GameStop stores as part of their collaboration.

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