OP
OP
Why? Do you think people shouldn't be able to sell their house either once it's created? That people shouldn't be able to sell their car?
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GameStop Reports Third Quarter Loss of $488.6 million
- Thread starter Deleted member 23212
- Start date
Why? Do you think people shouldn't be able to sell their house either once it's created? That people shouldn't be able to sell their car?
Can't a better company come along and hire up the existing store employees and just replace all upper management and execs? I've always liked the people in the stores, it's the terrible rules and procedures they have to deal with which sucks. I still think a physical game store can exist, if it's run by people who really want to see it flourish.
I have no specific knowledge to back this up but I would wager that a ton of Gamestop's financial issues stem from cooperate mismanagement rather than a lack of business. Or worse, they're being sucked dry by predatory third parties like what happened to ToysRUs.
GameStop needs to change their business model, and their attitude toward their customers base. Their whole business model is based around sucking their most loyal customers dry as much as possible lol. It doesn't work anymore and until that changes, they will see losses like this.
They need to offer more reasons for customers to come back. Recently they have been giving PUR customers $10 gift cards for buying a new release, which is really smart and I would like to see that continue.
They need to offer more reasons for customers to come back. Recently they have been giving PUR customers $10 gift cards for buying a new release, which is really smart and I would like to see that continue.
So because of gamespot being awfully managed we should look forward to a all digital future?
What about the 70% of physical customers worldwide, or don't they get a say because you like digital and not options for the masses
Yes, people losing jobs and the retail market becoming less competitive is such a good thing.
Let's celebrate!
Without reselling culture it would be impossible for many people to collect games, especially from previous generations. It doesn't seem like you've thought your position through very well, tbh.
Digital will hit a saturation point and stick at that level at some stage like music and films
The collectors and buyers of physcial mefia aren't going anywhere and neither is physcial
It accounts for 70% of all games purchased worldwide
You do realize the money doesn't go to the creators when you buy the game? It goes to the investors which is usually insanely rich already.
What happens to the trade in market if Gamestop were to close?
Ebay and Amazon are options, I guess, but that's considerably more effort than just walking in to Gamestop with a game.
Ebay and Amazon are options, I guess, but that's considerably more effort than just walking in to Gamestop with a game.
The article is about the loss being primarily through servicing debt. And that they had growth in most key SKU's.
What??
So I shouldn't sell my kids unused toys to someone who might want them because the toymaker doesn't get money from it?
I shouldn't sell my kids too small beds to someone in need because the bedmaker isn't getting their share?
I am suddenly obliged to reimburse people for selling my own property??
What the hell kind of an idea is this?
Best Buy is another. Walmart may still have a program as well.
Also that post about "I don't support anything that resells and hurts the creator of the product" is a moron and you're hurting your own brain cells engaging with that lmao
They need to downsize which I know is a toxic word in corporate but that's the only way they'll still be around in years to come. Whenever I visit America, GameStop are like rats, everywhere. Most of those stores are most likely losing money. They need to become more local oriented, give managers more power. Partner with local businesses and have gaming events, team up with Twitch streamers, YouTubers etc make some merch and get them in stores doing meet and greets. Video games have such a tiny profit margin that they can't carry a business alone but make it the place to buy your games, work with publishers (they do need GameStop to help hype their games) to have download vouchers, V bucks promotions, be proactive. Get on top of the trends.
All this advice is also relevant to GAME.
All this advice is also relevant to GAME.
Won't someone think of the huge corporations who screw us and the actual developers at every turn
I already explain my stance, people are free to resell their houses, cars and whatever they want, i, i'm talking about myself, i don't resell and i don't like the fact that a product can be resold, while the creator of the said product don't get shit, that's it. It's not hard to understand.
So? Where did i say i'm a collector?
Investors are the people that actually give money to the creators to make the product, being rich or poor means nothing.
According to GS themselves, it's digital on the rise. Not just for new games either; a lot of their business was in selling old games for a few bucks (which added up to a lot in aggregate) but companies now have embraced giving those games away as part of GwG/PSPlus/Game Pass/EA Access/etc...
When analysts say digital is on the rise, they don't just mean digital sales of new games at launch.
It's fine dude is against reselling, we're just lucky we live in a world where no one in power agrees wtih him lol
Weird, I could have swore that Steam has sales every week. And frequent sales on Origin, gog and Uplay as well.
Funny enough, one of my worst most recent experiences at GameStop was with a Funko Pop. I'm not one of those crazy people who gets upset if they sold out of something or anything. I don't even pre-order them.
But I went there recently to see if they had a certain one I was looking for. They did -- the time frame for holding something with a pre-order was up and the employee said the system says that they had two of them. I'm like, great, I'll grab one.
He couldn't find it so he asked his co-worker who informed him they still couldn't sell them because the manager was keeping them on hold for a friend. The employee I was talking to said something about it being past the usual time frame to hold onto pre-orders before being able to sell them and the other guy shrugged and said that's what he was told to do.
This is all right in front of me so I was like, "So you have two of them, past the pre-order hold time, but you can't even sell one because your manager is holding them -- two of the same exact thing -- for a friend."
They both basically agreed it was ridiculous without saying it outright.
From my experience, that kind of thing happens at a lot of GameStop stores with everything from toys to collector's editions to the usual "taking new games home to play and reselling them as new" nonsense.
OP
OP
No, you're not talking about yourself. You made it clear that you were talking about re-selling in a general sense rather than a personal sense.
You're full of crap if you're telling me you don't resell anything you own or may own. That's the point of equity. There's no god damn way you've ever bought a car and not traded it for value back.
They'd have to really ramp up their efforts though.
I don't think most people even know they offer it, and I don't get the impression their infrastructure is as fleshed out.
Plus I think there's a psychological difference with the big box stores. Gamestop had way more stores and it was regarded as a faster, easier process than walking all the way to the back of a Walmart with your game.
Are you fucking serious?
So, what, you expect everyone who has the need for a product to buy It? The family down the street that's struggling to make ends meet, but is in desperate need of a washer and dryer should have to buy a $2000 units instead of buying the used ones from their neighbors for a half the price? Or the struggling single parent who wants to buy their child a book or you for their birthday, but is unable to afford a brand new one has to get it used?
I can't imagine living with a mindset like yours.
What do you do when you're done with something like clothing you can't fit into or even an old car or items you've replaced with newer models like cell phones, computers, etc? Throw everything in the trash? Do you live in a junk yard? Are you a horder?
Haven't you heard? Gamestop single handedly killed every Era user's dog and laughed in their face. This is their punishment.
Oh, I know. I worked at EB Games the year before they all changed their name to GameStop and I worked at Best Buy for about three years. But still, Best Buy has planned things out well. Simply selling those products doesn't guarantee survival. They've been managed well.
Yup.
You are the one who brought up collecting...yes I realize that in the status quo the vast majority of people don't agree with you and people do have the freedom to resell products, you just don't think that should be possible...which is bizarre
I used to frequent this place quite a bit as a kid. I kind of regret selling my GBA games for a couple bucks, definitely not worth it. A good number of the employees were kind of scummy, as if they were trained to be like that.
It does not say that. It actually does not explain the loss at all, which is unfortunate.
To the 8-K:
I would not say the company is doing well. The guidance is scary. But it is not, I think, doing as badly as implied by a $500MM "net income loss" (which is not a term).
Source: https://www.bamsec.com/filing/132638018000120?cik=1326380
Yes? I'm talking about the reselling culture, i don't like it and i don't agree it.
I'm still saving money to get a car and no, never resold anything in my life.
Still don't have a car, see above.
If i can't fit in clothing i either give them for free or throw them in the bin.
This is definitely part of it. I have 3 stores all within 5 miles of each other in my area, and one of them is in the huge mall we have. The others are in the same city, just short distances away. I've never understood it.
EB Games in Canada is usually a bad experience. I hate how what should be a 3 minute trip into the store is usually more like 20-30 due to only putting one person on cash to handle a line of people trading in a bag of games (and taking every phone call) while the other employee wanders around and pretends to look busy. In an era when every other company is making things easier, quicker, and more convenient, it is insane how a company that is ostensibly modern and high tech makes every shopping experience like pulling teeth.
The same thing that happens now when GameStop stops selling something.
The gougers take over and quadruple the prices.
Yep. And hell, there are still places in America where Internet structure is not well enough to handle a digital only market.