this post was submitted on 06 May 2025
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cross-posted from: https://lemmy.ca/post/43515666

TORONTO — GameStop Canada says it has been acquired by French-Canadian entrepreneur Stephan Tetrault from the video game retailer’s struggling parent company. > > Officially named Electronics Boutique Canada Inc., GameStop Canada says it will relaunch its 185 stores as EB Games Canada — a name associated with retail gaming from bygone decades. > > Tetrault is the founder of Montreal-area-based toy manufacturer Imports Dragon and co-owner of American action figure-maker McFarlane Toys, and last month became a partner at Canadian chain Mastermind Toys. > > U.S.-based GameStop Corp. said in February it was looking to sell its Canadian and French operations as it evaluates its international assets and doubles down on cost-cutting. > > GameStop was one of the companies at the centre of the “meme stock” craze on Wall Street, which saw struggling brands’ share prices soar as retail investors made risky bets. > > Its sales last year declined 27 per cent to $3.82 billion, though net income shot up to $131.3 million versus $6.7 million in 2023.

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[–] [email protected] 22 points 4 days ago (1 children)

Glad I never stopped calling it EB Games.

[–] LaserTurboShark69 1 points 2 days ago

I only realized EB Games didn't exist anymore like 4 years ago

[–] [email protected] 7 points 4 days ago

Gaming is back on the Canadian menu, boys!

[–] Sixtyforce 1 points 3 days ago* (last edited 3 days ago)

I'd rather go to London Drugs, but if Tetrault* drops the gross pressure sales tactics and treats their min wage workers better I might consider them.

[–] [email protected] 2 points 3 days ago

buy kb toys next pls