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Electronics Boutique Holdings: Eb Games
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Beginning Feb. 19, 2005, "Best Pick-Up Spot" nominations will be collected online at http://www.dodgepickupspots.com/ and 15 EB Games Stores (Electronics Boutique Holdings Corp.) located throughout the San Diego metropolitan area. Upon submitting a pick-up spot nomination, consumers' names will be placed in a drawing for a chance to receive one of 40 keys that could start a new 2005 Dodge Dakota.
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GameStop Corp. and Electronics Boutique Holdings Corp. said Tuesday the Securities and Exchange Commission approved their proposed merger and that they'll seek shareholder approval Oct. 6. The shareholder approval is the next step in the proposed $1.4 billion merger.
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Electronics Boutique, based near Amkor in Valley Forge, began as a one-store enterprise. The first unit, which operated under the Electronics Boutique banner, was a kiosk located in the King of Prussia Plaza Shopping Mall. The original idea behind Electronics Boutique was to sell digital watches and digital calculators, the first tremors of the digital revolution to come and the rage of the late 1970s. Like all fads, the demand for Electronics Boutique's first merchandise faded, leaving Kim searching for another retail approach. The name of the retail concept was changed to Games and Gadgets, a new name for an expanded mix of merchandise that included a wider selection of electronics products, including video games and hand-held electronic games. The new name did not last, leading to a return to the Electronics Boutique banner in 1985, when Kim started focusing on personal computers with a particular emphasis on computer software.
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Electronics Boutique Holdings Corp. is a specialty retailer of video game hardware and software, personal computer (PC) entertainment software, pre-played video games and related accessories and products. For the 39 weeks ended 10/30/04, revenues rose 27% to $1.18 billion. Net income totaled $14.2 million, up from $6.3M. Revenues reflect increased video game software and hardware sales, the implementation of a store expansion strategy, and greater contributions from the higher-margin pre-played category.
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GameStop and Electronics Boutique have each scheduled Thursday, October 6, 2005, as the date for their respective annual stockholders meeting to consider and vote upon the proposed merger. GameStop's annual meeting will be held at 12:00 p.m. (CDT) at the Wyndham Anatole Hotel, 2201 Stemmons Freeway, Dallas, TX 75207. Electronics Boutique's annual meeting will be held at 1:00 p.m. (EDT) at its corporate headquarters located at 931 South Matlack Street, West Chester, PA 19382.
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On August 10, 2000, plaintiff Electronics Boutique Holding Corporation ("EB") filed a complaint against defendant John Zuccarini ("Mr. Zuccarini"), individually and trading as Cupcake Patrol and/or Cupcake Party, alleging violations of the Anticybersquatting Consumer Protection Act of 1999, 15 U.S.C. § 1125(d) ("ACPA"), violations of section 43(a) of the Lanham Act, 15 U.S.C. § 1125(a), dilution, common law service mark infringement and unfair competition.
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