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With new leadership in place, GameStop invests in its e-commerce future

The company is planning a large fulfillment center in Pennsylvania for its East Coast customers.

Grapevine-based video game retailer GameStop is expanding its e-commerce network with a new, 700,000-square-foot fulfillment center in York, Pa.

The company is leasing the space and expects the facility to be operational by the fourth quarter of 2021. GameStop intends for the new center to expedite shipping times for customers on the East Coast. The company also said the new facility will help it expand its product offerings but did not elaborate on the specific products.

GameStop introduced same-day delivery in some markets over the course of the pandemic. In a recent filing with the U.S. Securities Exchange Commission, the nation’s largest video game distributor outlined that it would undertake a modernization of its fulfillment network in 2021 to improve its delivery speed and performance.

In a slew of executive leadership hires over the past month, GameStop brought on ex-Amazon executive Jenna Owens to lead operations at the company as it tries to leverage this year’s retail investor stock market momentum into a transition to a fully digital e-commerce company.

The company is still searching for a new CEO after announcing George Sherman would step down from the position after leading the GameStop through the depths of the pandemic in 2020. Ryan Cohen, Chewy.com co-founder and soon-to-be board chair of GameStop, has been leading an internal transformation of the video game retailer since he joined the board earlier this year.

GameStop also announced Monday that it voluntarily paid off all of its long-term debt obligations on April 30, amounting to $216.4 million in senior notes originally due in 2023. The company’s stock opened Monday trading at $4 above the previous day’s close but closed about $10 below the open price at $162 per share.

Dom DiFurio. Dom is a staff writer covering breaking business news. He writes about the companies and transactions that shape life in North Texas. Dom considers himself among the many transplants that moved to Texas from the crowded coasts who found more than enough reasons to call it home.

ddifurio@dallasnews.com /domdifurio @DomDiFurio
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