Stratrix
Competitors · GameStop

Who are GameStop’s competitors?

GameStop names 12 companies as competitors in its latest annual report, on 8 fronts.

Skip to the field, head to head ↓GameStop company profile

Competitors it names1210-K for fiscal 2026
Companies that name it0in their own annual reports
Revenue, FY to Jan 2026$3.6B−5% on a year
Net margin12%Amazon 11% · Target 4%
Stratrix’s Take

GameStop earns a 12% net margin while shrinking 5% against far larger rivals

GameStop describes eight fronts: retailers in Australia, mass merchants, electronics stores, gaming specialists, hypermarkets, internet sellers, European competitors and console makers. Amazon appears in three of them, Target in two. GameStop's revenue was $3.6 billion. Amazon's was $716.9 billion and Walmart's was $713.2 billion.

Size is one scoreboard. Profit is another. GameStop's net margin was 12%. Amazon's was 11%, Target's 4%, Walmart's 3% and Best Buy's 3%. But growth ran the other way: GameStop at -5%, Amazon at 12%, Walmart at 5%. GameStop is small, profitable and getting smaller.

That is the idea to repeat: GameStop holds a margin, not momentum. Its rivals are still spending to expand. Walmart paid $1.9 billion for VIZIO Holding, even as it cut 1,000 jobs. The open question is whether a 12% margin on $3.6 billion can pay for growth before the fronts close in.

The fronts

Where GameStop says it competes

Retailers competing in Australia
JB HiFiBig WTargetAmazon.com
“we compete with retailers such as JB HiFi stores, Big W, Target and Amazon.com”
In its own words · 10-K for fiscal 2026
Mass merchants and regional chains
“We compete with mass merchants and regional chains, including Walmart and Target”
In its own words · 10-K for fiscal 2026
Consumer electronics and computer stores
“computer product and consumer electronics stores, including Best Buy”
In its own words · 10-K for fiscal 2026
Gaming and PC software specialty stores
FNAC Darty
“other United States and international gaming and PC software specialty stores, such as FNAC Darty”
In its own words · 10-K for fiscal 2026
Major hypermarket chains
Leclerc
“major hypermarket chains like Leclerc”
In its own words · 10-K for fiscal 2026
Internet-based retailers
“internet-based retailers such as Amazon.com”
In its own words · 10-K for fiscal 2026
Competitors in Europe
FNAC-DartyLeclercAmazon.com
“our competitors include major consumer electronic retailers such as FNAC-Darty, large hypermarket chains including Leclerc, and Amazon.com's online marketplace”
In its own words · 10-K for fiscal 2026
Console makers competing direct-to-consumer
“we also compete with certain vendors, including Sony, Nintendo and Microsoft among others, for direct-to-consumer digital and physical offerings”
In its own words · 10-K for fiscal 2026
Head to head

The field, from the filings

CompanyFiscal yearRevenueGrowthNet marginEmployees
GameStopFY to Jan 2026$3.6B−5%12%–
Amazon2025$716.9B+12%11%1,576,000
WalmartFY to Jan 2026$713.2B+5%3%–
MicrosoftFY to Jun 2026$331.8B+18%40%223,000
TargetFY to Jan 2026$104.8B−2%4%415,000
Best BuyFY to Jan 2026$41.7B0%3%82,000

Each company’s latest fiscal year as reported to the SEC, in US dollars; fiscal years end in different months. Rivals that report outside the US or in other currencies are not shown.

The moves

What the rivals have done lately

AmazonCut 16,000 jobs (2026-01)

The full layoff history

WalmartAcquired VIZIO Holding

“In December 2024, the Walmart U.S. segment completed the acquisition of VIZIO Holding Corp. for net cash consideration of $1.9 billion.” filing

WalmartCut 1,000 jobs (2026-05)

The full layoff history

MicrosoftCut 4,800 jobs (2026-07)

The full layoff history

TargetCut 1,800 jobs (2025-10)

The full layoff history

Decisions that shaped the field

GameStop's Own Filings Blame the $1.38B Revenue Drop in 2020 on Console Timing and COVID2013Walked back
Amazon Tried to Build Healthcare Twice. Then It Started Writing Checks.2022Never undone
Where Does Walmart's Profit Growth Come From? A Business at 0.65% of Revenue Drove Over Half2024Never undone
Sony Won the Console War. Microsoft Decided to Stop Playing It.2024Too early to tell
Target Is Selling Nostalgia and Calling It a Turnaround2026Too early to tell
Questions

Asked about GameStop’s competitors

Who are GameStop's competitors?

In its annual report for fiscal 2026, GameStop names 12 competitors across 8 fronts: retailers competing in australia, mass merchants and regional chains, consumer electronics and computer stores, gaming and pc software specialty stores, major hypermarket chains, internet-based retailers, competitors in europe and console makers competing direct-to-consumer. 10-K for fiscal 2026

How does GameStop compare with its rivals?

GameStop reported $3.6B in revenue in its latest fiscal year, −5% on a year, with a 12% net margin. Amazon: $716.9B, 11% net margin; Target: $104.8B, 4% net margin.

What are the alternatives to GameStop?

The companies GameStop itself names as competitors are listed above, front by front, each in its own report’s words. Which matters for a given buyer depends on the job, not the list.

What would it cost a challenger to take your customer?

What would it actually cost a challenger to take your customer?

See the pack →

Sources: GameStop’s annual report for fiscal 2026; the annual reports of the companies that name it; each company’s financial data as reported to the SEC; Stratrix Decision Records. Analysis and data, not advice.

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