OPERATIONS

GameStop to hire 17K for console launches, holidays

BY Dan Berthiaume

Grapevine, Texas – GameStop plans to hire approximately 17,000 employees nationwide as the company prepares for the upcoming PlayStation 4 and Xbox One console launches, as well as the holiday shopping season.

The positions GameStop is currently recruiting for include in-store game advisors, consumer electronic technicians within its refurbishment operation center, and warehouse personnel within the company’s two distribution centers. This year’s total number of seasonal hires is in line with the number of hires GameStop made during the same period in 2012.

“Providing our customers a great experience is of paramount importance when it comes to defining who GameStop is as a retailer and delivering the total value we offer our customers,” said Mike Buskey, senior VP of human resources at GameStop. “The holiday season is our busiest time of the year, accounting for approximately 40% of our annual revenue. As we near the 2013 holiday season, and the upcoming launches of the PS4 and Xbox One consoles, it is critical that we attract and retain high quality-talent both in our stores as well as in our consumer electronics refurbishment and distribution centers.”

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News

GameStop adds to staff ahead of console launches and holiday season

BY CSA STAFF

GRAPEVINE, Texas — Multichannel video game retailer GameStop has announced plans to hire approximately 17,000 employees nationwide as the company prepares for the upcoming PlayStation 4 and Xbox One console launches, as well as the busy holiday shopping season.

The positions GameStop is currently recruiting for include in-store game advisers, consumer electronic technicians within its refurbishment operation center (ROC) and warehouse personnel within the company’s two distribution centers. This year’s total number of seasonal hires is in line with the number of hires GameStop made during the same period in 2012.

In the weeks leading up to the holidays, GameStop experiences a substantial peak in the number of customers it services online and within its retail stores.

“Providing our customers a great experience is of paramount importance when it comes to defining who GameStop is as a retailer and delivering the total value we offer our customers,” said Mike Buskey, SVP of human resources at GameStop. “The holiday season is our busiest time of the year, accounting for approximately 40% of our annual revenue. As we near the 2013 holiday season, and the upcoming launches of the PS4 and Xbox One consoles, it is critical that we attract and retain high quality-talent both in our stores as well as in our consumer electronics refurbishment and distribution centers.”

GameStop will be recruiting between now and December. Interested applicants should visit the career’s section on GameStop’s website or check out the company’s recruiting efforts on LinkedIn, Facebook or Twitter for a full list of available jobs, descriptions qualifications and application details.

Seasonal jobs offer employees part-time, flexible work schedules during the week, weeknights and weekends. In addition, all employees will receive a 15% discount off select merchandise made at GameStop stores and online-savings.

GameStop global retail network and family of brands include 6,505 company-operated stores in 15 countries and online at www.GameStop.com.

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FINANCE

Frederick’s of Hollywood receives proposal to go private

BY Dan Berthiaume

Hollywood, Calif. – On Sept. 26, 2013, the board of directors of Frederick’s of Hollywood Group Inc. received a non-binding proposal letter from a consortium of HGI Funding LLC, TTG Apparel, LLC, Tokarz Investments, LLC, Fursa Alternative Strategies LLC, and Arsenal Group LLC to acquire all of the outstanding shares of its common stock.

The letter gave a proposed price of $0.23 per share as part of a going private transaction, subject to certain conditions. The proposal represents a 26% premium to the then trailing 10-day average closing price of the company’s common stock. As of Sept. 26, consortium members combined owned close to 70% of Frederick’s stock.

The company’s board of directors has appointed Milton Walters, its sole independent director, to serve as the lead director in connection with the full board’s review and consideration of the proposed transaction and the lead director must approve any proposed transaction.

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