GameStop: On Track to Surpass Best Buy?
GameStop: On Track to Surpass Best Buy? Introduction GameStop (NYSE: GME) has been a hot topic in the stock market recently. Some investors believe it’s the next Amazon, while others see it as a modern-day Blockbuster. Let’s explore whether GameStop’s trajectory is more akin to Best Buy, the electronics retailer that managed to turn things around. GameStop vs. Best Buy: A Comparison 1. Market Cap and Performance GameStop’s market cap currently stands at $5 billion1. It has been a remarkable performer, with its stock price soaring in 2021. Best Buy (NYSE: BBY), on the other hand, faced challenges before its turnaround. It was once on the brink of extinction but managed to reinvent itself under new leadership. 2. Similarities with Blockbuster GameStop faces comparisons to Blockbuster, the video rental giant that ultimately failed to adapt to digital streaming. Blockbuster clung to physical media (VHS tapes, DVDs) even as digital delivery gained popularity. It failed to scale effecti...