GameStop 2015 Annual Report Download - page 91

Download and view the complete annual report

Please find page 91 of the 2015 GameStop annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 109

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109

*OEFGJOJUFMJWFE *OUBOHJCMF "TTFUT
*OUBOHJCMF BTTFUT UIBU BSF EFUFSNJOFE UP IBWF BO JOEFGJOJUF MJGF BSF OPU BNPSUJ[FE CVU BSF SFRVJSFE UP CF FWBMVBUFE BU MFBTU
BOOVBMMZ GPS JNQBJSNFOU *G UIF DBSSZJOH WBMVF PG BO JOEJWJEVBM JOEFGJOJUFMJWFE JOUBOHJCMF BTTFU FYDFFET JUT GBJS WBMVF BT EFUFSNJOFE
CZ JUT EJTDPVOUFE DBTI GMPXT TVDI JOEJWJEVBM JOEFGJOJUFMJWFE JOUBOHJCMF BTTFU JT XSJUUFO EPXO CZ UIF BNPVOU PG UIF FYDFTT
%FBMFS BHSFFNFOUT XFSF SFDPSEFE BT B SFTVMU PG PVS BDRVJTJUJPOT PG 4QSJOH BOE 4JNQMZ .BD JO UIF GPVSUI RVBSUFS PG GJTDBM 
BT XFMM BT UIF TVCTFRVFOU BDRVJTJUJPOT DPNQMFUFE CZ 4QSJOH BOE 4JNQMZ .BD JO GJTDBM  5IFTF EFBMFS BHSFFNFOUT SFQSFTFOU
4QSJOHT FYDMVTJWF BHSFFNFOUT XJUI "55 UP PQFSBUF "55 TUPSFT BT BO b"55 "VUIPSJ[FE 3FUBJMFSc BOE TFMM "55 XJSFMFTT
DPOUSBDUT JO JUT TUPSFT BOE 4JNQMZ .BDaT FYDMVTJWF BHSFFNFOUT XJUI "QQMF UP PQFSBUF "QQMF TUPSFT VOEFS UIF OBNF b4JNQMZ .BDc
BOE TFMM "QQMF QSPEVDUT JO JUT TUPSFT 5IF EFBMFS BHSFFNFOU WBMVF SFDPSEFE PO PVS DPOTPMJEBUFE CBMBODF TIFFUT SFQSFTFOUT B WBMVF
BTTPDJBUFE XJUI UIF SJHIUT BOE QSJWJMFHFT BGGPSEFE UP VT VOEFS UIFTF BHSFFNFOUT 0VS EFBMFS BHSFFNFOUT BSF DPOTJEFSFE JOEFGJOJUF
MJWFE JOUBOHJCMF BTTFUT BT UIFZ BSF FYQFDUFE UP DPOUSJCVUF UP DBTI GMPXT JOEFGJOJUFMZ BOE BSF OPU TVCKFDU UP BNPSUJ[BUJPO CVU BSF
TVCKFDU UP BOOVBM JNQBJSNFOU UFTUJOH
8F WBMVF PVS 4QSJOH BOE 4JNQMZ .BD EFBMFS BHSFFNFOUT VTJOH B EJTDPVOUFE DBTI GMPX BOBMZTJT LOPXO BT UIF (SFFOGJFME
.FUIPE XIJDI JT B DPNNPO WBMVBUJPO UFDIOJRVF JO WBMVJOH EFBMFS BHSFFNFOU BTTFUT 5IF (SFFOGJFME .FUIPE BTTVNFT UIBU B
CVTJOFTT BU JUT JODFQUJPO PXOT POMZ EFBMFS BHSFFNFOUT BOE NBLFT DBQJUBM FYQFOEJUVSFT XPSLJOH DBQJUBM BOE PUIFS JOWFTUNFOUT
SFRVJSFE UP SBNQ VQ JUT PQFSBUJPOT UP B MFWFM UIBU JT DPNQBSBCMF UP JUT DVSSFOU PQFSBUJPOT 8F FTUJNBUF UIF DBTI GMPXT SFRVJSFE UP
CVJME B DPNQBSBCMF PQFSBUJPO BOE UIF BWBJMBCMF GVUVSF DBTI GMPXT GSPN UIFTF PQFSBUJPOT XIJDI SFRVJSFT VT UP NBLF DFSUBJO
BTTVNQUJPOT BCPVU UIF DPTU PG JOWFTUNFOU UP CVJME B DPNQBSBCMF PQFSBUJPO QSPKFDUFE OFU TBMFT DPTU PG TBMFT PQFSBUJOH FYQFOTFT
BOE JODPNF UBYFT 5IF DBTI GMPXT BSF UIFO EJTDPVOUFE VTJOH BO BQQSPQSJBUF SBUF UIBU JT SFGMFDUJWF PG UIF JOIFSFOU SJTLT BOE VODFSUBJOUJFT
BTTPDJBUFE XJUI UIF FYQFDUFE GVUVSF DBTI GMPXT PG UIF CVTJOFTT 5IF FTUJNBUFE GBJS WBMVFT PG UIF 4QSJOH BOE 4JNQMZ .BD EFBMFS
BHSFFNFOU BTTFUT CBTFE VQPO UIF EJTDPVOUFE DBTI GMPXT JT UIFO DPNQBSFE UP UIFJS SFTQFDUJWF DBSSZJOH WBMVFT
5SBEF OBNFT XIJDI XFSF SFDPSEFE BT B SFTVMU PG BDRVJTJUJPOT QSJNBSJMZ .JDSPNBOJB BSF DPOTJEFSFE JOEFGJOJUFMJWFE JOUBOHJCMF
BTTFUT BT UIFZ BSF FYQFDUFE UP DPOUSJCVUF UP DBTI GMPXT JOEFGJOJUFMZ BOE BSF OPU TVCKFDU UP BNPSUJ[BUJPO CVU BSF TVCKFDU UP BOOVBM
JNQBJSNFOU UFTUJOH 5IF GBJS WBMVF PG PVS .JDSPNBOJB USBEF OBNF XBT DBMDVMBUFE VTJOH B SFMJFGGSPNSPZBMUZ BQQSPBDI XIJDI
BTTVNFT UIF GBJS WBMVF PG UIF USBEF OBNF JT UIF EJTDPVOUFE DBTI GMPXT PG UIF BNPVOU UIBU XPVME CF QBJE CZ B IZQPUIFUJDBM NBSLFU
QBSUJDJQBOU IBE UIFZ OPU PXOFE UIF USBEF OBNF BOE JOTUFBE MJDFOTFE UIF USBEF OBNF GSPN BOPUIFS DPNQBOZ 5IF CBTJT GPS GVUVSF
DBTI GMPX QSPKFDUJPOT JT JOUFSOBM SFWFOVF GPSFDBTUT XIJDI XF CFMJFWF SFQSFTFOU SFBTPOBCMF NBSLFU QBSUJDJQBOU BTTVNQUJPOT UP XIJDI
UIF TFMFDUFE SPZBMUZ SBUF JT BQQMJFE 5IFTF GVUVSF DBTI GMPXT BSF EJTDPVOUFE VTJOH UIF BQQMJDBCMF EJTDPVOU SBUF BT XFMM BT BOZ QPUFOUJBM
SJTL QSFNJVN UP SFGMFDU UIF JOIFSFOU SJTL PG IPMEJOH B TUBOEBMPOF JOUBOHJCMF BTTFU 5IF EJTDPVOU SBUF VTFE JO UIF BOBMZTJT SFGMFDUT B
IZQPUIFUJDBM NBSLFU QBSUJDJQBOUaT XFJHIUFEBWFSBHF DPTU PG DBQJUBM DVSSFOU NBSLFU SBUFT BOE UIF SJTLT BTTPDJBUFE XJUI UIF QSPKFDUFE
DBTI GMPXT
8F DPNQMFUFE UIF BOOVBM JNQBJSNFOU UFTUT PG JOEFGJOJUFMJWFE JOUBOHJCMF BTTFUT BT PG UIF GJSTU EBZ PG UIF GPVSUI RVBSUFS PG GJTDBM
 BOE GJTDBM  BOE DPODMVEFE UIBU OPOF PG PVS JOEFGJOJUFMJWFE JOUBOHJCMF BTTFUT XFSF JNQBJSFE
(".&4501 $031
/05&4 50 $0/40-*%"5&% '*/"/$*"- 45"5&.&/54
'