GameStop Reports $500 MILLION LOSS - Can They Be Saved?

Discussion in 'Gaming (Software and Graphics Cards)' started by hmscott, Dec 1, 2018.

  1. hmscott

    hmscott Notebook Nobel Laureate

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    GameStop Reports $500 MILLION LOSS - Can They Be Saved?
    RGT 85
    Published on Dec 1, 2018
    GameStop is the largest North American video game retailer, but it looks like they are in quite a bit of trouble. A new report shows that Game Stop reported a nearly 500 million dollar loss for the last quarter. How bad is it? Let's talk.
     
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  2. saturnotaku

    saturnotaku Notebook Nobel Laureate

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    Gamestop barely sells games any more. Half their stores are filled with Funko Pop figures and other crap.
     
  3. ApostateTapir

    ApostateTapir Notebook Consultant

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    Gamestop was crap even 15 years ago when I got my first Gameboy Color.
     
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  4. hfm

    hfm Notebook Virtuoso

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    I guess they aren't making mad bank buying used games for a song and reselling them for 3x+ that cost any longer.
     
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  5. saturnotaku

    saturnotaku Notebook Nobel Laureate

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    Aside from the rise in digital content I think the former Best Buy Gamer’s Club Unlocked contributed. Why save a paltry $5 off a new release by buying used from GameStop when you could get a sealed copy on day one with a 20% discount? The up front cost would pay for itself if you bought just three new $60 games and the membership was good for a full two years. GCU is dead now, but the damage has been done.


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  6. hfm

    hfm Notebook Virtuoso

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    I think the other reason is that digital is gaining ground and a lot of popular games are multi only with codes.

    Overall I think it's good as the game devs were losing money on GameStop's predatory used game strategy. They had to know they were just biting the hand that was feeding it and it was going to come to a reckoning sooner or later as publishers moved to strategies to try to minimize its impact.
     
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  7. krabman

    krabman Notebook Evangelist

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    Don't forget, too many stores was a pyramid scheme that caught a lot of retail during the recession, GS among them, and they have been behind the market in closing outlets. My fearless prediction is they adapt or die, either way there is no GS as it exists now in a few years. Let us not worry though, the scumbags that run the place will leave with their golden parachutes if they fail. No need to worry about the rich people who made it all happen. o_O
     
  8. Raidriar

    Raidriar ლ(ಠ益ಠლ)

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    I hope they die soon, they’re predatory in every sense of the word.
     

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