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
Curious how your savings stack up? This article compares average savings in the U.S. and Canada, revealing surprising gaps, reasons behind them, and shocking stats about American savings.
A growing number of people are suddenly hearing about a $600 rule connected to Venmo and other cash apps, usually in the form of warnings, screenshots, or half-explained posts. There’s rarely context—just the implication that a normal year of payments may have crossed an invisible line with real consequences.
Do your sneakers cost more than your dinner payment? That's cute. Some of these kicks could pay your whole house’s mortgage.
Your cousins got their inheritance, but your mom is keeping yours—at age 40. Learn what rights you have and how to challenge unfair inheritance issues when a parent blocks your share.
When you posted a negative online review of a company's service, they published your contact information online and sent a cease-and-desist letter. We look at how you can protect yourself.
Car insurance has a funny way of becoming invisible. You sign up, set the payment to auto-draft, and then forget about it—until your bank account reminds you every month. The problem is that many drivers end up overpaying not because they’re reckless or unlucky, but because their policy hasn’t kept up with their life. If you’ve ever wondered whether your premium feels a little too spicy for what you’re getting, these signs will help you figure it out.
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
