Gamasutra is part of the Informa Tech Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.


Gamasutra: The Art & Business of Making Gamesspacer
View All     RSS
July 19, 2019
arrowPress Releases







If you enjoy reading this site, you might also want to check out these UBM Tech sites:


GameStop closing down ThinkGeek's standalone online store

GameStop closing down ThinkGeek's standalone online store

June 14, 2019 | By Alissa McAloon




GameStop is closing down the website ThinkGeek and rolling the brand’s collectibles business into the main GameStop website as a ThinkGeek section in its online store.

The decision was driven by GameStop’s ailing financial fortunes, and something mentioned in the company’s quarterly earnings call earlier this month. In that call, GameStop CEO George Sherman told investors that it planned to further streamline its ThinkGeek business by rolling its online presence into GameStop’s website.

“We have very successful collectibles business and need to harness the power of the team and the investment made in that team going forward,” said Sherman.

The FAQ shared on the ThinkGeek site notes that the brand itself isn’t being shuttered, and that its 40 physical locations will remain open despite the shift. A statement made to GameDaily last week though confirms that ThinkGeek suffered layoffs as a result of the consolidation. The company wouldn’t comment on numbers, a source told the site that those layoffs included ThinkGeek’s remaining marketing and website administration staff.

GameStop’s latest earnings release saw the company report a 13.3 percent decrease in sales, with notable year-over-year hits in its hardware, software, and pre-owned goods categories. Collectables were the only category that saw any significant growth in that report, marking a 10.5 percent increase in sales year-over-year.

While the company says it is refocusing its business to zero in on the “core elements…meaningful to [its] future,” declining numbers and its decision to cut costs by no longer paying out a quarterly dividend caused the company’s share price to take its largest single-day hit in 17 years.



Related Jobs

DMG Entertainment
DMG Entertainment — Beverly Hills, California, United States
[07.19.19]

Technical Artist
DMG Entertainment
DMG Entertainment — Beverly Hills, California, United States
[07.19.19]

Game Engineer
DMG Entertainment
DMG Entertainment — Beverly Hills, California, United States
[07.19.19]

Game Designer
Sucker Punch Productions
Sucker Punch Productions — Bellevue, Washington, United States
[07.18.19]

QA Manager









Loading Comments

loader image