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FuncoLand was an American video game retailer based in Eden Prairie, Minnesota, that specialized in selling new and used video game software. It is considered the ...
Mar 29, 2018 · The story of FuncoLand is the story of a guy who pulled a success story out of a corporate bankruptcy. David Pomije, the Minnesota-based founder of Funco, didn’t have things easy when he launched his budding used video game empire. In fact, he was running at a deficit to get the thing off the ground.
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FuncoLand Goes Public With Great Success. When FuncoLand started selling shares, they were available for $5 per share. At the beginning of December, the price went up to $7.75, and by the end of the year, it had climbed to $9.50. Just a week after the company’s stock closed out at $9.50, it rose again to $12.
Statistics: Public CompanyIncorporated: 1988 Employees: 486 Sales: $120.6 million (1997) Stock Exchanges: NASDAQ SICs: 5945 Hobby, Toy, & Game Shops Company History: Funco, Inc. is a leading specialty retailer of new and used interactive entertainment products. At the end of March 1997 the company operated 188 FuncoLand stores in 12 major ...
FuncoLand was an American video game retailer based in Eden Prairie, Minnesota, that specialized in selling new and used video game software. It is considered the first major video game retailer to allow consumers to sell and trade used video games. The chain's parent company Funco Inc. was established in the home of David R. Pomije in 1988, initially as a leaser of video games to video stores ...
Most people are saying how it ended. OP asked "why". I'm not an expert, but Funcoland was almost entirely build around secondhand games, and wasn't super fair about pricing either, due to unsophisticated customers and obstacles to getting competing bids. So, once EBay got going, it was done for.
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A few years later, practically every suburb had one. Brings back memories! Worked at Funcoland in high school. Was a sorta fun job, but ultimately it was retail and had all the pros and cons of that. It was best when Barnes and Noble bought them because they upped the discount on new games.
