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
Marriage still carries cultural weight, but fewer Americans feel able to reach it. Financial pressure and widening inequality are quietly redefining who marries and when.
Investing can be complicated, particularly if you're building your investment portfolio for the first time. Are you a passive investor, or do you want to be involved in the process? Let's explore whether managed or self-directed investing would be best for you.
Power bill delayed after a utility hack? Learn whether your electric company is estimating what you owe, how to read a catch-up bill, and what to do if a surprise $1,000 charge lands in your mailbox.
My dad says to always pay cash for a house, but my advisor says I need a credit card to get a mortgage. Here’s who’s right, how credit really works, and what future homebuyers should do.
The standard American dream is undergoing a silent, radical transformation, and before markets react, household finances often reveal economic trouble. Somehow, everyday decisions now carry more weight, and small missteps feel riskier than before.
When markets feel shaky, gold suddenly starts sounding like the answer to everything. It has a long history, it feels tangible, and it tends to get attention whenever inflation, recessions, or geopolitical stress are in the news. That’s probably why your friend is so confident about it right now. But “the only way” to protect your money is a much bigger claim than the evidence supports.
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
