GameStop 2008 Annual Report Download - page 36

The terms of the store leases for the 6,207 leased stores open as of January 31, 2009 expire as follows:
Lease Terms to Expire During
Number
of Stores
(12 Months Ending on or About January 31)
Expired and in negotiations ................................................ 68
2010................................................................. 838
2011................................................................. 1,066
2012................................................................. 852
2013................................................................. 1,175
2014 and later.......................................................... 2,208
6,207
The Company owns a 510,000 square foot facility in Grapevine, Texas, which houses our corporate
headquarters and certain of our distribution operations. We also own an additional 65,000 square foot building
at the Grapevine, Texas location which is currently being used in our refurbishing operations. We also own the
following distribution facilities: an 80,000 square foot distribution facility in Arlov, Sweden; a 119,000 square foot
distribution facility in Brampton, Ontario, Canada; a 120,000 square foot distribution facility in Milan, Italy; a
67,000 square foot distribution facility in Memmingen, Germany; and a 70,000 square foot distribution facility in
Pinkenba, Queensland, Australia.
In addition to our stores, we lease the following distribution or office facilities: a 260,000 square foot
distribution center in Louisville, Kentucky under a lease which expires in July 2010; a 59,000 square foot
distribution and office facility in Brampton, Ontario, Canada under a lease which expires in December 2016; a
13,000 square foot distribution facility in New Zealand under a lease which expires in April 2010; a 22,000 square
foot distribution facility in Valencia, Spain under a lease which expires in September 2010; a 15,000 square foot
office facility in Valencia, Spain under a lease which expires in August 2009; a 11,700 square foot office facility in
Minneapolis, Minnesota which houses the operations of Game Informer magazine, under a lease which expires in
February 2012; a 15,000 square foot facility in Dublin, Ireland under a lease which expires in January 2013; a
6,100 square foot office facility in West Chester, Pennsylvania under a lease which expires in June 2011; a
55,000 square foot distribution center in Paris, France under a lease which expires in 2016; and a 28,000 square foot
office facility in Sophia Antipolis, France under a lease which is currently expired. This office is relocating to a
larger facility in 2009.
Item 3. Legal Proceedings
On February 14, 2005, and as amended, Steve Strickland, as personal representative of the Estate of Arnold
Strickland, deceased, Henry Mealer, as personal representative of the Estate of Ace Mealer, deceased, and Willie
Crump, as personal representative of the Estate of James Crump, deceased, filed a wrongful death lawsuit against
GameStop, Sony, Take-Two Interactive, Rock Star Games and Wal-Mart (collectively, the “Defendants”) and Devin
Moore, alleging that Defendants’ actions in designing, manufacturing, marketing and supplying Defendant Moore
with violent video games were negligent and contributed to Defendant Moore killing Arnold Strickland, Ace
Mealer and James Crump. Moore was found guilty of capital murder in a criminal trial and was sentenced to death in
August 2005.
Plaintiffs’ counsel has named a new expert, a psychologist who testified at the criminal trial on behalf of the
criminal defendant, who will opine (if allowed) that violent video games were a substantial factor in causing the
murders. This same testimony from this same expert was excluded in the criminal trial from the same judge hearing
this case. The testimony of plaintiffs’ psychologist expert was heard by the Court on October 30, 2008, and the
motion to exclude that testimony was argued on December 12, 2008. The ruling on this motion will have an effect
on whether the case is able to proceed. The Company is currently awaiting a ruling. There is no current trial date.
The Company does not believe there is sufficient information to estimate the amount of the possible loss, if any,
resulting from the lawsuit.
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