GameStop shares rose 44% on Thursday after it announced a multiyear partnership with Microsoft.
GameStop will begin selling an “Xbox All Access” bundle stores, with an Xbox console and two-year digital subscription at no upfront cost.
It will roll out the use of Microsoft Dynamics 365, Teams, and Surface devices in its stores and offices, it said.
GameStop will also upgrade its e-commerce site as part of the partnership.
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GameStop on Thursday announced a multiyear partnership with Microsoft to upgrade its stores and offer a new Xbox console package for no up-front cost — sending its shares rocketing by 44%.
As part of the partnership, the world’s biggest video games retailer said it would offer buyers an “Xbox All Access” bundle, for zero upfront cost, that includes an Xbox console and a two-year digital subscription to Xbox Game Pass Ultimate, Microsoft’s “Netflix of
GameStop (GME) – Get Report said Thursday that it entered a multiyear strategic partnership agreement with Microsoft (MSFT) – Get Report that the videogame retailer said would expand its product offerings and enhance its retail infrastructure.
Shares of the Grapevine, Texas, company were soaring nearly 20% to $11.19, while Microsoft was up slightly to $210.59.
Under the agreement, GameStop will standardize its back-end and in-store solutions on Dynamics 365, Microsoft’s portfolio of cloud-based business applications and customer data platform.
GameStop said this would enable store staff to access omnichannel insights about customer preferences and purchasing history, real-time information on product availability, subscriptions, pricing, and promotions.
Associates will be equipped with new Microsoft Surface devices, which will enable them to move freely within the stores.
GameStop said it planned to roll out Microsoft 365 and Microsoft Teams, the business communication platform, to its stores. With Teams, store
Ever since the pandemic hit, Nintendo has been struggling to keep up with Switch and Switch Lite demand. However, according to an early August GameSpot report, Switch console production is back in full swing — or close to it, at least. That jibes with what we’ve seen over that past few weeks, with the console popping up at online stores like Best Buy and Amazon at its regular $300 price tag.
Of course, it still sells out within minutes. But now that we’re seeing it in stock at stores on a fairly regular basis, we’re trying to keep closer track. We’ll update this story frequently, but you’ll want to click through below since the inventory status often changes on a minute-by-minute basis.
Update: As of Oct. 4, there are no Nintendo Switch consoles available for online purchase for $300 at Amazon.