GameStop to Open a New Distribution Center in Kentucky
GRAPEVINE, Texas (January 14, 2016) – GameStop, a family of specialty retail brands that makes the most popular technologies affordable and simple, revealed today it will open a more than 630,000 square foot distribution center (DC) in Shepherdsville, Kentucky. The new DC replaces the company’s previous location in Louisville, Kentucky, and represents an increase of 370,000 square feet in distribution space.
The new facility will be used for the distribution of GameStop’s video game products to its more than 4,000 U.S. store locations. The DC will also be used as a fulfillment center for its e-commerce orders and for the repair and refurbishment of pre-owned video game hardware and software, and electronic products that customers trade-in at any GameStop store.
GameStop is leasing the facility from Granite Real Estate Investment Trust (NYSE: GRP.U/TSX: GRT.UN) and Dermody Properties, and worked with Harry K. Moore Company to locate the facility. The initial term of the lease is seven years, which is set to begin in the second quarter of 2016. GameStop plans to invest more than $10 million in equipment and facility upgrades, and hire up to 170 additional associates bringing the total number of regular, full-time associates at the DC to more than 400 associates.
GameStop Corp. (NYSE: GME), a Fortune 500 and S&P 500 company headquartered in Grapevine, Texas, is a global, multichannel video game, consumer electronics and wireless services retailer. GameStop operates more than 6,900 stores across 14 countries. The company’s consumer product network also includes www.gamestop.com; www.Kongregate.com, a leading browser-based game site; Game Informer® magazine, the world’s leading print and digital video game publication; and ThinkGeek, www.thinkgeek.com, the premier retailer for the global geek community featuring exclusive and unique video game and pop culture products. In addition, our Technology Brands segment includes Simply Mac and Spring Mobile stores. Simply Mac, www.simplymac.com, operates 76 stores, selling the full line of Apple products, including laptops, tablets, and smartphones and offering Apple certified warranty and repair services. Spring Mobile, http://springmobile.com, sells post-paid AT&T services and wireless products through its 857 AT&T branded stores and offers pre-paid wireless services, devices and related accessories through its 71 Cricket branded stores in select markets in the U.S.
General information about GameStop Corp. can be obtained at the company's corporate website. Follow GameStop on Twitter @ www.twitter.com/GameStop and find GameStop on Facebook @ www.facebook.com/GameStop.