International games retailer GameStop has reported a year-on-year increase in profits from $943.2 to $974.9 for the 14 weeks ending February 2nd.
That’s despite a fall in net sales from $3.579bn in the same period last year to $3.562bn. Operating profit jumped from $302.5m to $412.3m. Net income jumped from $174.3m to $261.1m.
Like-for-like sales for the period fell by 4.6 per cent, although digital sales climbed 60.3 per cent, offsetting what the company described as “a weakness” in its core business.
"It would be great if people had to buy more of the thing," says guy who makes money selling the thing.
If they did then collectors wouldn’t be getting f***** over with discless collectors editions
No shock, GameStop is alive because of trading. If they don't have used games on their shelves they are absolutely donezo.
Well of course the GS boss thinks this... that's their bread and butter business. That and funco pops and clothing, though those two were added as a means to supplement the decline in people buying used games or even new games. GS just sucks overall when it comes to gaming. I buy my physical stuff on Amazon or Best Buy.
As for "requiring" disc drives... nah. Not anymore, but i like having them as an option. They had a means back when games actually ran off the discs and were more/less complete. Now they are incomplete and the disc is really an installer with a license to play. If you want to change games you have to take out the disc and put in another. Its more convenient to just use digital. I have been into digital for years now and when the PSPortal comes along i wont even have to go into my game room. I will just play my PS5 from my couch downstairs. I have a bunch of digital installed games to my 5... I'm all set.
Gamingbible writes: "Luckily, if you’re living in the US you can trade your Xbox into Gamestop, where you’ll receive a hefty amount of cash as well as a $50 bonus for certain customers, just short of enough to buy the PS5."
At this point in time If I didn't own a PS5 I would have done this in a heartbeat but I had already acquired a PS5 first before I acquired an XBSX.
I'll stick to keeping both. Gamestop though... seems kind of desperate to take in Series X units. What could they be plotting???
I just want some games for my series X I have both since release and after weighing the offerings in PS Essentials to Gamepass I quickly realized I Owned anything of worth in both catalogs. And, the things I didn't I didn't see as justifiable for maintaining both subs.
Since then my series X is a legacy machine that I play my old games on and that's it. 3 years ago I really thought from that Xbox showcase we were going to have some great games by now. Instead, it's just been a lot of meh
GameStop’s chief financial officer is resigning, in the latest of several executive departures from the video game retailer.
I don't want to sound mean, and I do hate the thought of people potentially losing jobs; GS needs to hire more knowledgeable employees, and stop trying to force pre-orders every time I buy something. I understand there's a quota that needs to be met, however I don't need to reminded every damn time about new releases AFTER I specifically mention what I want and don't want.
Also they need to do something about this "bonus trade-in" that supposedly helps the customer - when all it does is makes the offers "half" legit. I remember they made me an offer for one game I had, I laughed so hard I almost fainted, and left the store still laughing.
They change their employees all the time, dont keep new (sealed) games unless you pre order it-usually poor service and I have to deal with them due to stupid pre order deals as well so maybe it is time for them to dissapear
digital sales climbed 60.3 per cent?? I really hope this isn't true because not everyone has an internet connection
I had the 50Mbps service, is fast enough to help the space shuttle
A man has come to prefer Amazon far more and a man will get his 2 or 3 PS4s there