80°

GameStop concludes fiscal year with net loss, CEO calls 2012 a 'challenging year'

Joystiq: GameStop announced the results of it 2012 fiscal year (ending Feb. 2, 2013) today, with revenues of $403 million, which is slightly down from the $405.1 million in fiscal 2011. Due to "restructuring, impairment and debt retirement expenses of $680.7 million primarily related to goodwill impairment," the company saw a net loss of $269.7 million (2011: net earning of $339.9).

USMC_POLICE4038d ago

Yea because you don't price match, your prices are higher than competitors. To name a few

darthv724038d ago

it was certainly a winning year for me. I was able to fill in plenty of back catalog holes on ps2, xbox, gc, wii, 360, ps3 and even dreamcast.

it had been a long time since i saw a DC game at GS but I had to get it when i did.

Seems now they are phasing out used PS2 and PSP games. some stores have already done that like they did with no longer carrying used xbox and cube games.

Aznreddneck814038d ago

Good I hope they go bankrupt.

just-joe4038d ago

I'd rather they change their business practices for the better and not have people lose their jobs.

Murad4037d ago

I actually disagree. Today's economy outright sucks, and will most likely suck, because well, we are pretty stupid as people and trying to conserve money, or making sure to place money where it would give us the best benefits as a whole, rather than an individual. However, beside the point. I disagree because Gamestop treats their employees like shit. Terrible work hours, very little pay, and what's worse is that you know you're screwing someone over, and if you try to stop if, you're going to get fired. There's downright no reason to work there, even if you are broke, since guess what? 8 dollars an hour is still considered being broke.

just-joe4037d ago

@Murad
If there's no reason to work there, then why do people still work there? No one forces the employees to work there, they do it out of choice because they generally need the money. They can quit if they want but most choose to keep it because they need the money. Losing a job be it good or bad when you don't another lined up is NOT fun nor any better for a person.

jeeves864038d ago

Yeah, because that's just what everyone needs, more people without jobs.

Khordchange4038d ago

Its gonna be a rough road ahead considering that the wii u, PS4, Xbox 720, 3DS, and Vita will or all have downloadable game features

profgerbik4038d ago (Edited 4038d ago )

Only reason I want them open is so I have a place to pre-order. I don't like waiting for mail or dealing with the problems of an item not being shipped when it said it was. No other game stores or any where else to pre-order around here other than Gamestop.

Postal service blows now a days, I swear every time I order something it is never here when it says it is supposed to be. Comes days later after the tracking said it was delivered a long time ago..

Roper3164038d ago

sorry to hear you have such issues, I switched over to Amazon the beginning of this gen because they were always offering 10-20 dollar credits for pre-orders where GS wasn't. While I may not have gotten my games on release day I would always receive them about a week later without a issue.

I would say that since I switched over to Amazon I have gotten at least 15 games for free probably closer to 20 just on pre-order credits alone. Then I usually get a email saying I got a credit for like another 1-2 dollars for their lowest price guarantee.

SolidSystem4038d ago

I love using Amazon for my pre-orders. I get home from work and boom there it is.

ZeekQuattro4038d ago

This is to be expected. I only recently went to Gamestop last September. Before that I hadn't been in one since late 2007. The only reason I remember that was because when I went in they told me my Power Up card expired 5yrs ago. lol I know I'm not the only one to take my business elsewhere over the years. In many cases other businesses over better prices and more cash back if you trade in.

Show all comments (22)
90°

10 Weirdest Video Games of All Time

Plenty of unforgettable games have completely messed up their players throughout the years, all the way back from the PS1 days to the dark recesses of the modern internet.

Read Full Story >>
culturedvultures.com
JonTheGod11h ago

Why are the Katamari games not on the list??

130°

70 percent of devs unsure of live-service games sustainability

With so many games fighting for players' attention and interest losing out over time, time sink games are at risk of eventually losing steam.

Read Full Story >>
gamedeveloper.com
thorstein1d 7h ago

It was worrisome to begin with.

It's a niche genre with only a handful of hits that can stand the test of time.

Cacabunga10h ago

I like the sound of that!! I will for sure never support these gaas games.
Sony must be shocked at gamer's reaction, making them cancel a few of these and hopefully go back to the good heavy hitters they had us used to..
now bring on that PSPro reveal and show us some SP 1st party awesomeness.

CrimsonWing691d 6h ago

What’s to be unsure of!? Look at the ratio of success to failure!

DarXyde13h ago

It's pretty ridiculous.

Imagine having a breadth of data at your disposal to see the statistically low success rate of these games, only to be laser focused on the exceptional case studies.

shinoff21831d 5h ago

Yes. Stop all the live service bs.

jznrpg1d 5h ago

Only a few will catch on. You need a perfect storm to be successful in GaaS and a bit of luck on top of that. But a potential cash cow will keep them trying and some will go out of business because of it.

MIDGETonSTILTS171d 4h ago

Helldivers 2 manages just fine…

Keep production costs low… don’t just make custscenes until the mechanics and enemies are perfected first.

Make so much content that you can drip extra content for years, and the game already feels complete without them.

Most importantly: make weapons, enemies, levels, and mechanics that will stand the test of 1000 hours. This might require more devs embracing procedurally generated leveled, which I think separates Helldivers 2 from Destiny’s repetitiveness.

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60°

The Battle Pass Is The Worst Thing To Happen To Modern Gaming

Nameer from eXputer: "Some exceptions aside, I don't think the battle pass is a net positive for gaming with how they're implemented in most live service titles."

got_dam1d 9h ago

Battle passes AND meta gaming both.

DivineHand1251d 7h ago (Edited 1d 7h ago )

I like the way Helldivers 2 does battle passes. It allows you to make purchases on each level of the battle pass and gives you the option of choosing which item to unlock first. The more purchases you make using medals the further you progress. There is no timer and you can earn medals towards purchasing stuff via personal orders and Major orders.

I haven't played much live service games that have battle passes but I remember some games that have battle passes where you progress through it linearly using an exp system. What makes it really bad is that the battle pass will have like 50 or more levels with the cooler stuff being closer to the end. They also have an in-game shop that sells exp boosters so you can reach the end of the pass before it refreshes. Everyone ilse will have to grind their way through.

lucian2291d 6h ago

battle pass in fortnite is perfect; buy one and it buys the rest for every other season as it gives you more money than the first cost. so 8.50 and season ends with you getting 13.00, it pays for the next and you have some pocket change to save up for cash shop. All of which is optional