GameStop Appoints Amazon Executive As Its New Chief Growth Officer
GameStop Appoints Amazon Executive As Its New Chief Growth Officer
After being thrust into the global spotlight earlier this year, GameStop gained a much-needed second wind to fight for its place in today's rapidly evolving retail landscape. As the world enters an e-commerce era that has not been too kind to brick-and-mortar businesses, the video game retailer is now determined to make the transition to online sales in hopes that it can compete with large-scale companies like Target Corp and Walmart Inc.
Just this week, GameStop announced that it has appointed a new chief growth officer to assist with the new initiative. Elliott Wilke, a former Amazon.com exec who has seven years of experience overseeing Amazon Fresh Stores, will now command the growth strategies and marketing at GameStop. He joins two other former Amazon.com execs who GameStop has also recently brought on board—Jenna Owens, the new Chief Operating Officer, and Matt Francis, the company's first-ever Chief Technology Officer.
Owens previously managed multi-channel fulfillment and distribution at Amazon, while Francis led the engineering team at Amazon Web Services. Along with Wilke, they represent the new heads at GameStop and will be responsible for the company's overall transformation.
Additionally, GameStop has hired Tom Petersen and Andrea Wolfe as its new vice presidents of brand development and merchandising, respectively. Both Petersen and Wolfe previously worked at pet food company Chewy in similar roles.
Upon announcement of the company's restructuring, GameStop's share price jumped once again on Tuesday, climbing by more than 8% to around $195 (though it has since dropped back down to $188). Jim Cramer, the Wall Street celebrity known for his Mad Money segment on CNBC, took to Twitter to praise the company, saying he was impressed by the measures they've taken to stay competitive.
"GameStop [is] putting together a dream team... Really impressive. They must have a plan that is not what we see now," he tweeted.
READ MORE
Where you start your business matters just as much as your idea. Thinking of launching or relocating? Some cities roll out the welcome mat; others put up roadblocks.
Prices just keep going up. It's insane what I'm paying for eggs and toilet paper. I work two jobs and still can't pay my bills. What should I do?
If your accountant is filing for bankruptcy, it raises valid concerns about your own financial security, their judgment, and whether you should continue working with them.
Boost your workday efficiency with the 25 proven productivity boosters for the workplace. From time management strategies to workspace optimization tips, discover practical solutions to enhance your focus and output. Uncover expert insights and actionable advice to transform your work habits, streamline tasks, and achieve peak productivity.
For some, having an emergency fund at all is a luxury. However, for those who have had it and had to use it in a crisis, rebuilding it can be daunting. Let's explore options for rebuilding your multi-thousand-dollar emergency fund.
One started with a borrowed desk, another with a notebook full of ideas. The settings were different, but the drive was unmistakable. These Black Americans built what they needed and turned hustle into heritage.
Disclaimer
The information on MoneyMade.com is intended to support financial literacy and should not be considered tax or legal advice. It is not meant to serve as a forecast, research report, or investment recommendation, nor should it be taken as an offer or solicitation to buy or sell any securities or adopt any particular investment strategy. All financial, tax, and legal decisions should be made with the help of a qualified professional. We do not guarantee the accuracy, timeliness, or outcomes associated with the use of this content.
Dear reader,
It’s true what they say: money makes the world go round. In order to succeed in this life, you need to have a good grasp of key financial concepts. That’s where Moneymade comes in. Our mission is to provide you with the best financial advice and information to help you navigate this ever-changing world. Sometimes, generating wealth just requires common sense. Don’t max out your credit card if you can’t afford the interest payments. Don’t overspend on Christmas shopping. When ordering gifts on Amazon, make sure you factor in taxes and shipping costs. If you need a new car, consider a model that’s easy to repair instead of an expensive BMW or Mercedes. Sometimes you dream vacation to Hawaii or the Bahamas just isn’t in the budget, but there may be more affordable all-inclusive hotels if you know where to look.
Looking for a new home? Make sure you get a mortgage rate that works for you. That means understanding the difference between fixed and variable interest rates. Whether you’re looking to learn how to make money, save money, or invest your money, our well-researched and insightful content will set you on the path to financial success. Passionate about mortgage rates, real estate, investing, saving, or anything money-related? Looking to learn how to generate wealth? Improve your life today with Moneymade. If you have any feedback for the MoneyMade team, please reach out to [email protected]. Thanks for your help!
Warmest regards,
The Moneymade team
