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Gamestop shares/sales down
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Arachnid1
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http://www.dallasnews.com/business/...ideo-game-sales

https://www.bloomberg.com/news/arti...buying-slackens

http://www.gamespot.com/articles/ga...e/1100-6445664/

"GameStop may need a new start. The videogame retailer released details about its holiday sales Friday, and they weren’t pretty. It’s yet another sign of the eroding business for physical games.

Sales at GameStop fell 16.4% in the last nine weeks of 2016, the company said, compared with the same period a year earlier. Shares of GameStop tumbled 9% on the news, to $22.50.

All sides of the gaming business contributed to the decline. Even the hot new Nintendo NES Classic device couldn’t make up for big drops in Sony’s PlayStation 4 and Microsoft’s Xbox One console sales.

And the company struggled to sell new video games “due to difficult comparisons to titles launched a year ago,” according to a press release. But it’s not just that some big 2015 games did well. The 2016 versions -- like Call of Duty: Infinite Warfare, released in November -- did particularly poorly.

GameStop shares are down 16% in the last 12 months. Investors are paying just six times estimated earnings for the stock. That price-to-earnings ratio is 66% less than what the typical big stock gets."


Lol good riddance GameStop. That place is a rip off so it would be great to watch it burn.
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Old Post Feb 18th, 2017 09:29 PM
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Arachnid1
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FFS why wouldn't it put the title? I for sure had a title there.


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Old Post Feb 18th, 2017 09:54 PM
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Ridley_Prime
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Oh, is about the recent GameStop BS with the circle of blight/strife program? GS always had its flaws, but it kinda grew on me over time. However, this year was a new low for them. I feel most bad for the employees, who basically have to lie just to keep their jobs. I was once considered to work there by a manager or representative (forgot which), but glad it didn't happen now. They're becoming the next Blockbuster at the rate they're going. Doesn't help that physical media's slowly been dying for awhile with the ability to buy anything digitally, but GameStop went the corporate BS route to fight a losing battle to desperately try and get their used games and stuff off the shelves. lmao


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Last edited by Ridley_Prime on Feb 18th, 2017 at 10:19 PM

Old Post Feb 18th, 2017 10:17 PM
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Smasandian
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The problem is that if physical media dies, it will be impossible to trade in games.

I understand the frustration with their model but it's always nice to purchase a game and be able to get some cash back from it.

Also, I think in the Internet, big data and huge bandwidth area, people are forgetting how awesome it was to rent a game for a week for 6-10 bucks. I still have a store near by and I have rented numerous games for 90% less than sale price and be able to complete it in that week. It's awesome.

Old Post Feb 19th, 2017 05:05 AM
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Arachnid1
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quote: (post)
Originally posted by Smasandian
The problem is that if physical media dies, it will be impossible to trade in games.

I understand the frustration with their model but it's always nice to purchase a game and be able to get some cash back from it.

Also, I think in the Internet, big data and huge bandwidth area, people are forgetting how awesome it was to rent a game for a week for 6-10 bucks. I still have a store near by and I have rented numerous games for 90% less than sale price and be able to complete it in that week. It's awesome.
Wait, you can rent games at GameStop?


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Old Post Feb 19th, 2017 05:21 AM
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Ridley_Prime
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quote: (post)
Originally posted by Smasandian
The problem is that if physical media dies, it will be impossible to trade in games.

I understand the frustration with their model but it's always nice to purchase a game and be able to get some cash back from it.

Also, I think in the Internet, big data and huge bandwidth area, people are forgetting how awesome it was to rent a game for a week for 6-10 bucks. I still have a store near by and I have rented numerous games for 90% less than sale price and be able to complete it in that week. It's awesome.

Yeah, there will always be a place for getting games physically for me, as nice as the digital option is, which is why I'm hoping there'll be some other mainstream local modern game store/business if GameStop ultimately goes down under. Hell, I always wished GS had some competitor in that sense.


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Old Post Feb 19th, 2017 05:36 AM
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Kazenji
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Keep hearing about how bad GameStop is

good thing it doesn't exist in Australia.


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Old Post Feb 19th, 2017 06:07 AM
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Smasandian
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quote: (post)
Originally posted by Arachnid1
Wait, you can rent games at GameStop?


No. I should of said movie rental business.

If GameStop/EB Games fail, it won't be replaced by something else. It will work similarly to when Blockbuster failed. It's more a sign of the times than failed business practices.

There is a reason why the company pushes used game sales. Less money in new titles.

Old Post Feb 19th, 2017 02:50 PM
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Ridley_Prime
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Yeah, probably. Will be a shame if it happens, despite the phuckery of GameStop's current business model.


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Old Post Feb 19th, 2017 09:11 PM
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Smasandian
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Yeah. I rarely buy download titles on console but I have done so recently.

I just having the ability to trade them in. Physical media will still be around for awhile though. Too many people have crappy bandwidth and caps.

Old Post Feb 20th, 2017 01:11 PM
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Khazra Reborn
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I'm a dinosaur, I buy everything in physical form. Movies, games, comics. Basically everything.


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Old Post Feb 20th, 2017 01:54 PM
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Impediment
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What was the title of this thread supposed to be? I can try to fix it.

I make it a personal preference to buy strictly physical copies of all my video games and movies; That's just me.


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Old Post Feb 20th, 2017 02:11 PM
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Smasandian
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For console, I try too but there has sometimes good enough deals for me to buy online through the Xbox store. If the game is something I will play multiple times (RE7) then I don't have a problem.

Old Post Feb 20th, 2017 02:23 PM
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Arachnid1
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quote: (post)
Originally posted by Impediment
What was the title of this thread supposed to be? I can try to fix it.

I make it a personal preference to buy strictly physical copies of all my video games and movies; That's just me.
It had an overdramatic title but something relevant like "GameStop shares are down" is fine with me. I appreciate it!

And I agree on physical copies. That said, you can usually find good deals on them elsewhere. For example, if you or a friend has prime, you can get the next Mass Effect for $48 as opposed to $65 from GameStop.


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Old Post Feb 20th, 2017 05:57 PM
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KingD19
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I believe a majority of GameStop's problems come from it's business model. People have no problem with physical games. For example, if you have the disc you don't need to lug your system around to play the game. You can just take the disc to your friends house and play it there.

The problem is that GameStop for example sells an A+ title for the standard price of $59.99 = $64.19(I used to work there). That same game used is 49.99 which comes out to about 55 bucks.

If you buy a brand new game, and trade it back in the next day, you're lucky to get 30$ for it. It's actually closer to 20-25. But then GS will sell it back out for 55 bucks. So to trade it in you get less than half it's value, but GS has made 110$.

The company ripping people off for years is the problem, not physical games.

Old Post Feb 20th, 2017 09:30 PM
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Smasandian
Smell the Ashes

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Is it really ripping people off though?

It's a service they provide and if you want to partake in it then you know what you are getting into. You can sell the game by other means so you are not forced to trade it in at GameStop.

I think shares/sales going down is because online sales are increasing.

Old Post Feb 20th, 2017 09:35 PM
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Khazra Reborn
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quote: (post)
Originally posted by KingD19
I believe a majority of GameStop's problems come from it's business model. People have no problem with physical games. For example, if you have the disc you don't need to lug your system around to play the game. You can just take the disc to your friends house and play it there.

The problem is that GameStop for example sells an A+ title for the standard price of $59.99 = $64.19(I used to work there). That same game used is 49.99 which comes out to about 55 bucks.

If you buy a brand new game, and trade it back in the next day, you're lucky to get 30$ for it. It's actually closer to 20-25. But then GS will sell it back out for 55 bucks. So to trade it in you get less than half it's value, but GS has made 110$.

The company ripping people off for years is the problem, not physical games.


That's how the resale market works for everything. The re-seller is a business and that's how they make a profit, it sounds kind of shitty to do to people on paper, but the entire resale industry wouldn't exist if they didn't do that.


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Old Post Feb 20th, 2017 10:17 PM
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Surtur
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I actually worked at a Gamestop for a while. Mostly because I wanted to take advantage of their employee discount. This was back when the Xbox 360 first came out.

Their prices on brand new games are not any different than any other larger retailer like Best Buy, etc. What I loved about them was their used game selection. I found many hidden gems in their used games section.

The larger stores like Best Buy have a very pitiful used game section. So I'm sad to see Gamestop go because of that. I am lucky though, I have a store called "Disc Replay" within 40 minutes of me. There are only 3-4 in the country, mostly in illinois and indiana, but yeah..tons of used games, even for NES, SNES, Sega, etc. But not every gamer has a store like that near them.


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Last edited by Surtur on Feb 20th, 2017 at 11:07 PM

Old Post Feb 20th, 2017 11:04 PM
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Surtur
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quote: (post)
Originally posted by KingD19
I believe a majority of GameStop's problems come from it's business model. People have no problem with physical games. For example, if you have the disc you don't need to lug your system around to play the game. You can just take the disc to your friends house and play it there.

The problem is that GameStop for example sells an A+ title for the standard price of $59.99 = $64.19(I used to work there). That same game used is 49.99 which comes out to about 55 bucks.

If you buy a brand new game, and trade it back in the next day, you're lucky to get 30$ for it. It's actually closer to 20-25. But then GS will sell it back out for 55 bucks. So to trade it in you get less than half it's value, but GS has made 110$.

The company ripping people off for years is the problem, not physical games.


Why would you buy a game and trade it in the next day? You could just return it or exchange it, assuming you kept the receipt. I worked there as well, and of course the price they charge for the games you sell to them will be higher than what they paid you for them, otherwise where is the profit?

As for your comment about lugging your console around to a friends because you don't have a physical copy, I feel the future of gaming will be like Steam. You have an account and you can sign into it on any console. Now you might have to download the game onto your friends console if they do not own it, but it's hardly going to be lugging the system around, at least IMO.


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Old Post Feb 20th, 2017 11:11 PM
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Smasandian
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You can play online purchased games on any console as long as you are logged into Xbox Live from your account.

As well, Microsoft tried to do the same thing you mentioned prior to Xbox One beingreleased and were heavily criticized for it.

Old Post Feb 21st, 2017 12:06 AM
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