GameStop 2003 Annual Report Download - page 27

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Table of Contents
Employees
We have approximately 2,100 full-time salaried, 2,000 full-time hourly and between 9,000 and 14,000 part-time hourly employees depending on the time of year.
Fluctuation in the number of part-time hourly employees is due to the seasonality of the electronic game industry. We believe that our relationship with our employees
is excellent. None of our employees is represented by a labor union or is a member of a collective bargaining unit.
Available Information
We make available on our website (http://www.gamestop.com), under “Investor Relations — SEC Filings,” free of charge, our annual reports on Form 10-K,
quarterly reports on Form 10-Q, current reports on Form 8-K, and amendments to those reports as soon as reasonably practicable after we electronically file or furnish
such material with the SEC. In addition, the Company’s Code of Standards, Ethics and Conduct is available on our website under “Investor Relations — Corporate
Governance” and is available to our stockholders in print, free of charge, upon written request to the Company’s Investor Relations Department at GameStop Corp.,
2250 William D. Tate Avenue, Grapevine, Texas 76051.
Item 2. Properties
All of our stores are leased. Store leases typically provide for an initial lease term of three to ten years, plus renewal options. This arrangement gives us the
flexibility to pursue extension or relocation opportunities that arise from changing market conditions. We believe that, as current leases expire, we will be able to obtain
either renewals at present locations or leases for equivalent locations in the same area.
The terms of the store leases for the 1,514 leased stores open as of January 31, 2004 expire as follows:
Number
Lease Terms to Expire During of Stores
(12 Months ending on or about January 31)
Expired and in negotiations 183
2005 195
2006 217
2007 151
2008 249
2009 and later 519
1,514
In addition to our stores, we lease a 250,000 square foot headquarters and distribution center in Grapevine, Texas. This lease expires on January 31, 2006.
In March 2004, we purchased a 420,000 square foot facility in Grapevine, Texas. We will be relocating certain of our distribution operations to this facility in fiscal
2004 and will be relocating our headquarters and remaining distribution center operations to this facility in early 2005. Management believes this facility will support
our long-term growth.
We lease a 7,300 square foot office facility in Minneapolis, Minnesota which houses the operations of Game Informer magazine. This lease expires in February
2007.
We lease a 15,000 square foot facility in Dublin, Ireland, which houses the corporate and distribution operations for the Company’s operations in Ireland. This
lease expires in January 2013.
Item 3. Legal Proceedings
On May 29, 2003, former Store Manager Carlos Moreira (“Plaintiff”) filed a class action lawsuit against the Company and its wholly-owned subsidiary Gamestop,
Inc. (collectively “GameStop”) in Los Angeles
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