EB Games (formerly known as Electronics Boutique) is an international computer and video games retailer. First established as an American company in 1977 by James Kim with a single electronics-focused kiosk located in the King of Prussia Mall near Philadelphia, the company has grown into a international corporation.
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EB Games (formerly known as Electronics Boutique) is an international computer and video games retailer. First established as an American company in 1977 by James Kim with a single electronics-focused kiosk located in the King of Prussia Mall near Philadelphia, the company has grown into a international corporation.
History
Originally, the operation mainly sold calculators and digital watches. Between 1977 and the mid-1990s, the company expanded to (and later stopped) selling computers and other related items (according to the Eb Games employee handbook). In the mid-1990s, the company's focus switched to TV-based video games and consoles, though many stores still maintain PC game sections.
In May 2002, in order to unify their company, Electronics Boutique changed its current EB and EB Gameworld stores to the name EB Games. They also announced that they would be either closing our selling all of their EB Kids and Brandywine Sports Collectible Stores.
For years EBGames' primary distribution center was in Louisville,KY, with two smaller distribution centers and a World Headquarters all located in West Chester, PA. With video games getting more popular every day EB Games decided it was time for a new distribution center. In October 2004, EB Games opened its doors to its new 314,000 square foot distribution center in Sadsbury Township, PA. The world headquarter office in West Chester remained open, however anyone working at the old distribution centers were transferred to the new location.
As of July 30, 2005, the company operated 2,280 stores in the United States, Australia, Canada, Denmark, Finland, Germany, Italy, New Zealand, Norway, Puerto Rico, Sweden, Austria and Spain, primarily under the names EB Games and Electronics Boutique. The company operates an e-commerce and international website at http://www.ebgames.com . There is also an Australian EB Games website at http://www.ebgames.com.au and a New Zealand EB Games website at http://www.ebgames.co.nz , while neither support full online shopping like the international website does, they both have many games available for purchase and download at EB Games Australia - Digital Downloads for Australia and EB Games New Zealand - Digital Downloads for New Zealand.
EB Games and GameStop Merger
On Thursday, October 6, 2005 shareholders from EB Games and Gamestop agreed to a $1.44 billion takeover deal. The deal offered $38.15 in cash as well as approximately ¾ of a share of Gamestop stock for every 1 share of EB games stock. This offer was a 34.2% premium on the $41.12 per share closing price of EB Games stock. Gamestop decided to close both EB Games newly constructed distribution center in Sadsbury, PA, as well as their International Headquarters in West Chester, PA, therefore putting more than 800 people out of jobs. Only 65 former EB Games employees were offered jobs at Gamestop's headquarters in Grapevine, TX.
