GameStop Continues Expansion of Fulfillment Network with New Facility in Reno, Nevada
GameStop Corp. (NYSE: GME) announced the expansion of its North American fulfillment network with a lease for a 530,000 square foot facility in Reno, Nevada, operational in 2022.
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Rhea-AI Summary
GameStop Corp. (NYSE: GME) announced the expansion of its North American fulfillment network with a lease for a 530,000 square foot facility in Reno, Nevada, operational in 2022. This new location aims to enhance product offerings and expedite shipping across the west coast. This move follows another lease for a 700,000 square foot facility in York, Pennsylvania, demonstrating GameStop's commitment to improving its logistics capabilities.
Positive
- Expansion of fulfillment network with new 530,000 sq ft facility in Reno, Nevada.
- Improves product offerings and shipping efficiency on the west coast.
- Continues growth strategy with prior lease of 700,000 sq ft facility in York, Pennsylvania.
Negative
- None.
Details
News Market Reaction – GME
The recorded move for GME in the trading session of this news was -1.61%.
Data tracked by StockTitan Argus. Session date unavailable.
AI-generated analysis. How Rhea-AI works. Not financial advice.
Company’s Fulfillment Network Will Span Both Coasts of Continental U.S.
GRAPEVINE, Texas, July 06, 2021 (GLOBE NEWSWIRE) -- GameStop Corp. (NYSE: GME) (“GameStop” or the “Company”) today announced the continued expansion of its North American fulfillment network and entry into a lease of a 530,000 square foot facility in Reno, Nevada, which is expected to be operational in 2022. The Company’s new presence in Reno, Nevada will position it to grow product offerings and expedite shipping across the west coast. This expansion follows GameStop’s entry into a lease of a 700,000 square foot facility in York, Pennsylvania.
About GameStop.
GameStop, a Fortune 500 company headquartered in Grapevine, Texas, is a leading specialty retailer offering games and entertainment products through its E-Commerce properties and thousands of stores. Visit www.GameStop.com to explore our products and offerings. Follow @GameStop and @GameStopCorp on Twitter and find us on Facebook at www.facebook.com/GameStop.
Contact
For Stockholders:
GameStop Investor Relations
817-424-2001
investorrelations@gamestop.com
For Media:
MKA
Greg Marose / Charlotte Kiaie
gamestop@mkacomms.com
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