GameStop 2013 Annual Report Download - page 34

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and game rental companies. Video game products are also distributed through other methods such as digital delivery. We also
compete with sellers of pre-owned and value video game products. Additionally, we compete with other forms of entertainment
activities, including casual and mobile games, movies, television, theater, sporting events and family entertainment centers.
In the U.S., we compete with Wal-Mart Stores, Inc. (“Wal-Mart”); Target Corporation (“Target”); Amazon.com, Inc.
(“Amazon.com”); and Best Buy Co., Inc. (“Best Buy”). Competing video game specialists in Europe include Game Retail Limited
based in the United Kingdom and its Spanish affiliate, Game Stores Iberia. Throughout Europe we also compete with major
consumer electronics retailers such as Media Markt, Saturn and FNAC, major hypermarket chains like Carrefour and Auchan,
and online retailer Amazon.com. Competitors in Canada include Wal-Mart, Best Buy and its subsidiary Future Shop. In Australia,
competitors include K-Mart, Target and JB HiFi stores.
Our Spring Mobile stores compete with AT&T corporate-owned stores, other AT&T authorized resellers, mass market
retailers such as Wal-Mart, Best Buy and Target, among others, as well as other wireless carriers and their distribution channels,
including Verizon, Sprint and T-Mobile. Our Simply Mac stores compete with Apple, including on-line and corporate owned
Apple stores, mass-market retailers as noted above, and other authorized Apple resellers. Aio Wireless stores compete with the
pre-paid and post-paid wireless service offerings of AT&T, Verizon, T-Mobile, Sprint and other prepaid brands including Cricket,
Boost, GoPhone and MetroPCS.
Seasonality
Our business, like that of many retailers, is seasonal, with the major portion of our sales and operating profit realized during
the fourth fiscal quarter, which includes the holiday selling season. During fiscal 2013, we generated approximately 41% of our
sales during the fourth quarter. Our fiscal 2012 operating loss was impacted by $680.7 million of goodwill and asset impairments.
Therefore, the seasonality of our operating earnings (loss) is not comparable between fiscal 2013 and fiscal 2012. Excluding the
impact of the goodwill and asset impairment charges, we generated approximately 64% and 65% of our operating earnings during
the fourth quarter of fiscal 2013 and fiscal 2012, respectively. Excluding the 53rd week sales from fiscal 2012, we generated
approximately 39% of our sales during the fourth quarter.
Trademarks
We have a number of trademarks and servicemarks, including “GameStop,” “Game Informer,” “EB Games,” “Electronics
Boutique,” “Spring Mobile,” “Simply Mac,” “Kongregate,” “BuyMyTronics,” “Power to the PlayersTM” and “PowerUp Rewards,”
which have been registered by us with the United States Patent and Trademark Office. For many of our trademarks and servicemarks,
including “Micromania,” we also have registered or have registrations pending with the trademark authorities throughout the
world. We maintain a policy of pursuing registration of our principal marks and opposing any infringement of our marks.
Employees
We have approximately 17,000 full-time salaried and hourly employees and between 27,000 and 52,000 part-time hourly
employees worldwide, depending on the time of year. Fluctuation in the number of part-time hourly employees is due to the
seasonality of our business. We believe that our relationship with our employees is excellent. Some of our international employees
are covered by collective bargaining agreements, while none of our U.S. employees are represented by a labor union or are members
of a collective bargaining unit.
Available Information
We make available on our corporate Web site (www.gamestopcorp.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 to the Securities and Exchange
Commission (“SEC”). You may read and copy this information or obtain copies of this information by mail from the Public
Reference Room of the SEC, 100 F Street, N.E., Washington, D.C. 20549, at prescribed rates. Further information on the operation
of the SEC’s Public Reference Room in Washington, D.C. can be obtained by calling the SEC at 1-800-SEC-0330. The SEC also
maintains a Web site that contains reports, proxy statements and other information about issuers, like GameStop, who file
electronically with the SEC. The address of that site is http://www.sec.gov. In addition to copies of our annual reports on Form 10-
K, quarterly reports on Form 10-Q, current reports on Form 8-K, and amendments to those reports, our Code of Standards, Ethics
and Conduct is available on our Web site under “Investor Relations — Corporate Governance” and is available to our stockholders
in print, free of charge, upon written request to the Investor Relations Department at GameStop Corp., 625 Westport Parkway,
Grapevine, Texas 76051.