They gave me a brand new PS4 Pro at 50€ by giving them my OG (D1) PS4, they are the only one to do this so yeah, I'm gonna miss them in therms of console swap.
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GameStop stock collapses after abandoning potential sale. Price lowest since 2005
- Thread starter Benji
- Start date
You could have sold Metro for $45 on eBay or Craigslist. Hurting yourself with those cash donations to Gamestop.
I like having them as an option for niche games that places like Best Buy, Wal-Mart and Target don't carry, so I don't particularly want to see them go out of business. They probably need a complete overhaul, though.
Not dealing with Craigslist and Ebay/Amazon charges fees plus I would have to charge for the shipping and go to the post office to ship it as well as buy a bubble wrap envelope. As someone who used to be a 500+ all positive feedback seller on ebay, I quit that shit six years ago. Just not worth it.
Prefer to trade in games to GameStop. Credit goes towards my next game and using Store Credit eliminates the sales tax so im automatically saving $5+ on every item. And when selling on ebay/amazon, you have to report all of it has income so it can be taxed again. Again, not worth it whatsoever.
OP
OP
Agreed with all of this.
GI would have no issue surviving without GameStop. I'm sure their subscriber number would take a hit due to bundling it with PowerUp Rewards going away but they still have enough web presence as well as circulation to be worth investing in
Personally, after fees, shipping and potential bullshit, I wouldn't even bother. Wishy washy people from Craigslist aren't much fun either between no shows and folks trying to haggle after they've arrived despite me clarifying the price before they showed up. Just made like $38 off of Zelda BOTW a few days back, so I'll take the loss for the convenience.
Ok sure, but the used game market is gonna take a hit for sure. Not everyone has the time to sell stuff on Amazon or eBay.
I suspect Gamestop closing would also affect new game sales since parents w/ their kids can't trade in old games for new ones.
That feels doubtful. Without a major player like Gamestop, I expect to see a lot less physical games out in the wild than ever before. Mom and pop stores don't have the space to be a specialty game store, and places like Walmart already have reduced sections, nor do they carry many things beyond the biggest titles.
This was one of the few things that it took to move me away from them, for the most part. I used to swing in and see if any used games could be picked up on the cheap, but there were enough sketchy interactions to keep me from spending money on any new games with them since 2011.
It was a shitty Kinect game (Rise of the Nightmares), and I had reserved it. When I arrived to pick it up on release day, the person running the register went to the shelf, took the display case down, and dug the disc out from a drawer behind the register. I told her that I wanted a new game, since that's what I paid for. She said it was new. So, I asked if there were any other copies in the store, ON RELEASE DAY, and she said there weren't.
That was the last time I bought anything new from them, and it was a few years before I went back. Prior to that, I had reserve bonuses that were taken away (literally 'sorry man, looks like they didn't send enough :wink:'), had items removed from them (CD in the Portrait of Ruin collectors edition, which I was able to get replaced by the store), and a number of used discs that had issues.
I'm sorry to the people that work there now. I'd say that I hope they have a fire sale, but I have doubts about whether or not anything I buy from them will work at all.
The margins are too narrow on new releases. They can't afford to promote them (Gamestop has the luxury of corporate handling that). Some publishers aren't even shipping their games to independent stores until after release day, for fear of leaks.
The $45 was after the fees and such. Granted, I rounded up, but still. Last time I sold a new release game a month after release, I made $43 on it after I bought the envelopes, shipping and ebay took their cut. The profit margins are far better for older games, and you can regularly sell things Gamestop will give $2 or less or even nothing at all for, for $7-15 after the charges. All you have to do is find a mailbox -- going to the post office is not necessary.
More importantly, you don't need to go to Gamestop this way. That's a benefit worth paying for.
It's ironic that online platforms like eBay will greatly benefit from GS going out of business.
I don't have a printer so I can't just drop off the package in a mailbox as it would just be returned. Subtract the $5+ that im saving on sales tax and the difference is less than $3. Just not worth it. Been there, done that. Simply prefer GameStop. Never had a problem there and everyone is cool in the store I go to. It's also easier, faster and quicker. Plus, I don't have to wait for the buyer to receive the game and if they change their mind, I know that ebay never sides with the seller and if they do, it's rare. Just not worth it.
Not only that but im a physical disc gamer. If/when gaming goes all digital, im done unless the games cost $30 or less at launch. And I have zero interest in streaming games. Just not going to do it. It's also more about wanting options and not being forced to do what say for example Microsoft is trying to do yet again. Just no. Not supporting that because it's not to my benefit. Amazon and Best Buy already eliminated their 20% discounts and if GameStop goes under, it's just going to make it all worse, not better.
Anyone who believes that it's going to be better for us gamers is sadly mistaken. But hey, to each their own.
Damn! Babbages! This guy that worked there bought me Quake 3 Arena with that bad ass metal case before I was able to buy rated R games. Practically changed my life. I miss that place.
I took a look at GameStop stock and here's what I'm seeing:
6 month (shows bump up/down):
Looks like it went way up and then back down after the buyout collapsed. It's still trending down steadily, but not as dire as what the graphs you posted. Edit: took out the 5 day as I didn't realize it the OT was posted on 1/29.
Lol come on, no they don't. I worked for the company for over 5 years and I've been to dozens of different stores and none of them have smelled.
Look at the date of your graph, and the date of OP's graph.
It's a shame. Had some good times in those shops that are full of some very good people. I just don't think it's possible for them to adapt when digital is growing so quickly. Digital killed Music and Video stores gaming seemed inevitable. Those jobs will be missed.
Yeah, I realized that after and edited my post. My point still stands though. They saw a significant drop after a significant bump.
Again, still declining, but that last drop does not mean immediate doom and gloom as what it was made out in the OP post.
I used to work there a while back.
Note that however badly you feel you have been treated as a customer within a Gamestop store, the employees are treated just as poorly if not worse. If a store's staff is lucky enough to have a Manager that cares about them, the experience of working there can be bearable. But my god...I would hate to inventory all of the kitschy crap they sell these days.
These days I usually just pop into Best Buy or buy digitally, even though I do hate the idea of brick and mortar shops going away.
Note that however badly you feel you have been treated as a customer within a Gamestop store, the employees are treated just as poorly if not worse. If a store's staff is lucky enough to have a Manager that cares about them, the experience of working there can be bearable. But my god...I would hate to inventory all of the kitschy crap they sell these days.
These days I usually just pop into Best Buy or buy digitally, even though I do hate the idea of brick and mortar shops going away.
I worked for the company for 7+ years and I only encountered a few bad-smelling stores, but they were pretty good about getting remodels done when needed. However, the smell usually was contributed from employees not knowing proper hygiene, and customers who felt the same, I suppose.
they used to be good to me tbh but at the start of this gen so like 2012/13 they just became terrible.
FOR THE LAST TIME NO I DONT WANT TO PRE ORDER NO MANS SKY! IM JUST GETTING MY BROTHER AN AMIIBO!!!!!!!!
I don't need anything though.
They gave me a coupon to get 50% extra trade in on a console so I traded in my pro for 375 credit. Like a year ago.
But I hate GameStop
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What? In USA u have to report sales on the net as income? What?!?!!!
Eh...technically only above a certain amount earned, if I remember correctly. The IRS won't come after you for a few games sold online.
Yeah. Just like people who make tips as waiters and waitresses. Vast majority don't but if you earn more than $600 in a year, you're legally obligated to do so. The main thing now is that within the last few years, tax laws are in place for stuff like ebay, amazon, etc. in which you have to report it. For me, it's simply not worth the hassle and potential trouble.
Maybe GameStop should have invested more into publishing video games. Maybe slowly pivot more into a boutique indie brand like Devolver. Didn't they publish that one indie title from insomniac a few years back? iirc, I believe that was the extent of their publishing efforts.