GameStop 2013 Annual Report Download - page 5

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2013 ANNUAL REPORT POWER TO THE PLAYERS
In 2013 we accomplished this by leveraging our core competencies: operating small box specialty retail stores, real estate expertise,
talent acquisition, customer loyalty programs, buy-sell-trade, and financial discipline to pursue three business opportunities that provided
GameStop entry into the $185 billion U.S. wireless and $208 billion global consumer electronics markets.
We acquired Spring Mobile, an authorized AT&T dealer of wireless services based in Salt Lake City and one of the nation’s fastest growing
operators with 164 stores in 13 states. We also entered into a strategic dealer agreement with Cricket®Wireless, a subsidiary of AT&T
that offers value-conscious consumers a first-class pre-paid wireless experience without annual contracts. We currently operate 31 Cricket
Wireless stores in the Seattle, Cleveland, Los Angeles and Dallas markets. Finally, during 2013, we completed the acquisition of Simply
Mac, the largest certified specialist of Apple’s full line of products with 23 stores across the U.S.
Each of these businesses provides us with an opportunity to deliver sustainable revenue growth and gives our investors long-term earnings
potential as we build out a portfolio of technology brands that can be incorporated into our core business.
While we grew the business through our global teams’ strong execution, innovative marketing and by entering into new business opportunities,
we still have a lot of work ahead of us. We are proud of the transformation we have undergone in recent years and are confident about the
future of GameStop. We believe our company is evolving from a pure physical store footprint to a hybrid digital and physical retailer that
operates globally in the gaming, electronics and technology space. We also believe that our high internal rate of change and disciplined
approach to capital allocation will continue to reward our shareholders.
On behalf of our Board of Directors, executive leadership team and more than 40,000 team members worldwide, we thank you for your
continued support of GameStop and the exciting future we are building for all of us.
Daniel A. DeMatteo
Executive Chairman
J. Paul Raines
Chief Executive Officer
Executive
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