Top
160°

Gamestop Earnings Raise Fears Retailer is Next Blockbuster

GameStop (NASDAQ: GME) stock slumped today after earnings, tracking at just above $18 a share during Friday morning trading. That’s nearly a -10% drop since Wednesday, and an almost -34% drop from their $28.52 high in the past year. What happened?

The story is too old to be commented.
catguykyou2676d ago

I can honestly say I wouldn't be too upset by this.

Bigpappy2676d ago

Gamestops future is a huge "?". They have about 5 year max.

SilentNegotiator2676d ago

Game sales in general have been down.

SeanRL2676d ago

They don't pay enough for used games and then sell them at high prices. Consumers just don't like being ripped off I guess. I mean, I can sell a game that's worth $30 used at their store online for $20-25 or I can go in and get $5 from them for it. What's the point?

3nd3rth32676d ago

Didn't they just announce DLC In-Store Sales? All I'm saying is, and my economics degree seems to concur on this - doom and gloom predictions for a store that seems to keep on the profit side, surprising during recession and innovating on the sales front just doesn't make sense.
Blockbuster lost its dominance and overall market due to lack of innovation. Not taking Kongregate into consideration as well as DLC sales, when you are putting out an article on DLC is shifty. Besides, at the current technology, there will never be space for all full games as DLC only - unless you intend on spending all your time downloading 8 to 40GB games.
I'm not a GameStop shopper, but the article is inane fear jibber jabber. In fact, it has no economic analysis value at all. Kudos to you and your unnamed analyst. (credibility? none.)

Forbidden_Darkness2676d ago

Is your father the CEO of gamestop or something?

3nd3rth32676d ago

I'm sorry. I'm a journalist (unrelated to the gaming industry) and an economist. I've been out on my own for a while now, even though I look rather young. The article or blog, seeing as how they are using WordPress as their means of publishing, is rather lacking in both economic analysis and journalistic integrity. Unnamed sources in a rather trivial subject makes it seem like there were no real sources.
Is the condescending tone of my response something you are getting? Or should I reduce my reply to an one-sentence quip about how very God-of-War like you look and how melancholy it must be to you being your father's bastard child?

Is this Sparta?

rroded2676d ago (Edited 2676d ago )

guessin your wit is rather wasted here

ill try n interpret for him

Sure, why not. {no}
I'm sorry.{Im not sorry} I'm a journalist (unrelated to the gaming industry) and an economist. {Im an educated gamer not just a fanboy} I've been out on my own for a while now, even though I look rather young. {unlike you i dont live in my moms basement n have pubic hair} The article or blog, seeing as how they are using WordPress as their means of publishing, is rather lacking in both economic analysis and journalistic integrity. Unnamed sources in a rather trivial subject makes it seem like there were no real sources. {this is just a fanboy blog of no worth}
Is the condescending tone of my response something you are getting?{did i forget to add /s} Or should I reduce my reply to an one-sentence quip about how very God-of-War like you look and how melancholy it must be to you being your father's bastard child? {your stupid and unfit to have such a great av}

Is this Sparta? {you have been burnt}

all translations in brackets and for future reference on how to speak n4g see my comments history

gamesR4fun2676d ago (Edited 2676d ago )

funny shit + bubs all round for the laughs

@DoublePlusGoodGames

spare us can u imagine the children...

I kid dude lighten up you know we're not all and i quote "living in our mothers basements waiting for puberty" ☻

DoublePlusGoodGames2676d ago

@3nd3rth3
Being a pretentious journalist and professing your economics degree on a gaming forum? You must be a devil with the ladies.

@rroded
If you are a lady, I think you and 3nd3rth3 are a match made in N4G Heaven!

Forbidden_Darkness2676d ago

This would be a good thing, that way, instead of having to preorder at GS, the preorder things would be available else where, like Amazon or something, because i hate preordering the stupid exclusive GS things...

dizzleK2676d ago

I've worked at Gamestop. I think their problem is too much inventory on hand. They're handing out cash just to have 1000 copies of Madden sit in the back room, money that will never be recouped and games that will literally never sell. They need to be more selective about what they take in.

Show all comments (19)
The story is too old to be commented.