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EXHIBIT 11.1

GAMESTOP CORP.

CALCULATION OF NET EARNINGS (LOSS) PER COMMON
SHARE

|                                                          |  |                                       |        |             |  |             |         |   |  |   |        | 
|--------------------------------------------------------- |  | ------------------------------------- | ------ | ----------- |  | ----------- | ------- | - |  | - | ------ | 
|                                                          |  | 13 Weeks                              |        | 53 Weeks    |  | 52 Weeks   
|                                                          |  | Ended                                 |        | Ended       |  | Ended      
|                                                          |  | January 29,                           |        | February 3, |  | February 2,
|                                                          |  | 2000                                  |        | 2001        |  | 2002       
|                                                          |  |                                       |        |             |  |            
|                                                          |  |                                      
|                                                          |  | (in thousands, except per share data)
|Net earnings (loss)                                       |  | $                                     | 7,217  |             |  | $           | (11,961 | ) |  | $ | 6,960  | 
|Weighted Average Common Shares Outstanding                |  |                                       | 36,009 |             |  |             | 36,009  |   |  |   | 36,009 | 
|Common Share Equivalents Related to Options and
	Warrants |  |                                       |       |             |  |             |        |   |  |   | 3,388  | 
|                                                          |  |                                       |        |             |  |             |         |   |  |   |        | 
|Common Shares and Common Share Equivalents                |  |                                       | 36,009 |             |  |             | 36,009  |   |  |   | 39,397 | 
|Common Stock Price Used Under Treasury Stock
	Method      |  |                                       |       |             |  |             |        |   |  | $ | 18     | 
|Net Earnings (Loss) per Common Share:                     |  |                                       |        |             |  |             |         |   |  |   |        | 
|Basic                                                     |  | $                                     | 0.20   |             |  | $           | (0.33   | ) |  | $ | 0.19   | 
|                                                          |  |                                       |        |             |  |             |         |   |  |   |        | 
|Diluted                                                   |  | $                                     | 0.20   |             |  | $           | (0.33   | ) |  | $ | 0.18   | 
|                                                          |  |                                       |        |             |  |             |         |   |  |   |        | 

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