100°

How is GameStop surviving the world that's killing GAME?

MCVUK- It's a question many have asked over the last 18 months - and today GameStop offered some insight.

GameStop has managed to make billions in revenue every quarter for the last three years plus - with its latest figures showing just a 3% quarterly downtown. While as we know GAME has been less fortunate in recent months.

During its year-end financials call today, one analyst asked directly what the firm was doing versus the situation with GAME.

Omnislash4417d ago

Because for some reason people still buy from them...

I honestly dont know why people buy their used games when they are alot cheaper online like amazon and stuff...
Not only that but they give you crap for trade-ins...

Soldierone4417d ago

Just traded in Resident Evil for 43 dollars, sold the Gamestop code for 6 dollars too, 49 dollars for a trade in. Basically paid 11 dollars to rent the game from them.

Let alone I just traded in 3 other games last week and now have Resistance for Vita fully paid off. And with all this being said have a 20 dollar gamestop code from Power Up Rewards that I'm using soon lol

svoulis4417d ago

They are having a special as we speak, an extra 50% trade in on all games traded in. So that means if you trade in ME3, Street Fighter X Tekken, or any game you can get 30 dollars for. You basically got it for free. (aside from tax)

The only time I ever trade games in is when I've gotten through them 100% and GameStop has trade in deals.

People often complain about GameStop existing. If they didn't exist and you didn't buy games online where would you get them? I mean personally I don't buy them from Walmart or Target. Where I live not many are open 24hrs. I love midnight release "parties" its always good gaming fun.

IMO, GameStop should keep doing what they are doing. They are a game store, regardless if they can screw people out of money sometimes. If you want to sell it elsewhere, they do not need your game or to give you their store credit/money.

@Omnislash

I for one sometimes spontaneously go to GameStop and buy games. It's like a toy store to me and I love finding good gems for cheap or when they have the buy 2 get 1 free deal. I do not like waiting for games I want and I go to midnight releases.

So to answer you question. Primarily that is why people don't just use Amazon or eBay etc.

People really need to stop hating on GameStop and the likes of it, or you will just be buying your games either online or target and Walmart like stores. GameStop is literally the only place that caters to gamers, if that's gone then what?

Omnislash4416d ago

Yeah I remember I would sometimes get good deals at GS. But to reply to both of you, I stopped shopping at GS when I saw that they had LA Noire for 38 bucks, and i saw it on Amazon used (Like New) and when the game came in the mail it was brand spanking new, not only that it only cost me 21 dollars with free shipping. After that I said I would never buy from GS again.

tdogg060519914417d ago

Game was only UK and gamestop has more stake in the US. A bigger business entity is a lot more unlikely to fall.

r1sh124416d ago (Edited 4416d ago )

Yea, The article said "Power up rewards" which are the same as games rewards program.
I also think that many other territories around the world are different, I remember listening to a podcast of some gamers in the USA - one of them was like "I dont use the internet to buy games because I dont trust it" lol.
In the UK however, the supermarkets run loss leader promotions on new games (The sell new games for less than half price) and dont forget about the internet too, all of which is significantly cheaper than game/game station.
@Soldierone - I think the US gamestop runs significantly different to shops in the UK

Kran4416d ago

Simple: They rip people off when trading in games, meaning you get hardly anything for your games...

...buttttt they do some pretty freakin good video game deals when the time is right.

GAME gives you a lot when trading in game, whilst not many good deals.

lumley6664416d ago

i think part of GAME's problem is there price for used games, there a total rip off, and the price they give for trade in is a total rip off too. i live in uk so never been to a gamestop so dont really knw there prices but i can guesse there cheaper, game has begun being totally greedy the last few years

FlashXIII4416d ago

From the sounds of it we get far better trade in prices over here at least than gamestop give thanks mainly to CEX and gamestation's match it price. But yeah used games sell for stupid amounts.. why pay £38 for a game used when you can pay £40 for it brand new? I'd rather pay the extra £2 out of spite for the ripoff prices.

lumley6664416d ago

thats exactly my issue, especially now they do these locked online mode on games, u gotta add another £7 on if u buy preowned just to access online. i have been a customer to GAME since ps1 days tho i still gt allot off amazon iv always used game too. and as much as i think its sad that we will loose prob the only high street dedicated games shop here in uk, tho gamestation is owned by game so they will go too soon, i think game deserve wats happning after all the times theyv bent me over an skanked me lol GAME is just greedy

ElementX4416d ago

I go to gamestop sometimes because it's closer than other retailers

killswitchmad4416d ago

The simple fact is that the world isn't killing GAME, GAME is killing GAME.....

A poor online service, Unacceptable prices, too much focus on preowned in-store and then asking suppliers to sell games to them at a cheaper cost has ruined their reputation and sealed the fate of a greedy corporation....

Show all comments (13)
320°

GameStop Boss Says Disc Drives Should Be Required On Game Consoles

"It would be great if people had to buy more of the thing," says guy who makes money selling the thing.

XiNatsuDragnel234d ago

Absolutely consoles needs disc drives.

wesnytsfs234d ago

Nah should be optional. Not a PS fan but I like their strategy of selling an optional external optical drive. Its all about Options and this will let everyone get their way. Cheaper for digital only and then you can chose to pay more for the optical drive if that is important to you.

Profchaos234d ago

That's not official yet it's only a rumour

Eonjay234d ago

@Profchaos

But what he describes already exists in the 2 base models. If it is a rumor you can blame Microsoft for really backing it in court but if we are honest we all know it's true.

Profchaos233d ago

@Eonjay I'm not denying the appeal of it I can see it being a useful mechanism for allowing gamers to upgrade as needed however until there's concrete proof and not speculation and remember ms still bases that court submitted document off of the same leaks we see on Reddit, 4chan etc I just can't believe it.

The system would be further opened to exploitation and they would need to release an overpriced drive for consumers to buy for it and sure as they do we will hear complaints over the cost of it

ChasterMies233d ago

Absolutely consoles don’t need disc drives. My house has 2 PS5 digital editions, one since launch. Zero issues with the lack of disc drives. In fact, the digital purchasing lets us all share each other’s games, usually mine, and play the same game at the same time on-line.

shadowT234d ago

Optional drives would be best strategy.

-Foxtrot234d ago

If they did then collectors wouldn’t be getting f***** over with discless collectors editions

jeromeface233d ago

yea they would, discs cost extra... even when you're already paying a premium

-Foxtrot233d ago (Edited 233d ago )

Lmao

We are paying roughly the same now without the discs. There’s literally collectors editions which are roughly in the same price range that have a disc.

I’d rather pay a little more for something physical anyway

RupeeHoarder234d ago

No shock, GameStop is alive because of trading. If they don't have used games on their shelves they are absolutely donezo.

darthv72234d ago

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.

Show all comments (46)
520°

Xbox Series X owners can effectively grab a 'free' PlayStation 5 right now

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."

Read Full Story >>
gamingbible.com
Jin_Sakai263d ago

A good deal for those who want a console with games.

S2Killinit262d ago (Edited 262d ago )

Lol well, we tried. But you cant save a person from drowning if they wanna hold on to their fur coat.

Im kidding off course.

Hypertension140262d ago

@Julion0715 @ichdich

So you guys won't change consoles?, give me reasons.

Your answers will probably explain why I'm so f**cking pissed off at Microsoft for buying two large mulitplatform publishers.
It isn't easy right? but you guys don't care because is not happening to you.

Lightning77262d ago

No thank you? N4G won't stand for this blasphemy!

SF releases next month hopefully that should give ppl incentive to keep their console. I know there's PC you can play there to but not everyone wants to play on PC.

Rockstar262d ago (Edited 262d ago )

@Hyper,

My guess is they love either their piece of plastic, their corporate overlords or gaming on the cheap.

Likely a combination...

itsmebryan262d ago

@hyper
Gamepass and I have a gaming PC so, I can play all the Sony "exclusives " at a higher frame rate and graphical fidelity. Why would I trade my Xbox for PS5.

After adding ABK they will have even more games at a great value.

Lexreborn2262d ago

@bryan

By that same logic what would be the point of having an Xbox? If you have a pc that handles both ps5 and Xbox games you don’t need either.

Rockstar262d ago

@ Lex,

Bringing logic into it?
That's low!

itsmebryan262d ago

@lex
I got my gaming PC last year to replace my old PC and I already had a XSX. It's pretty simple.
So, Zero horizon was disappointing and Spiderman/ miles ( got both for $50)are just ok. I might get R&C when it goes on sale.

Zhipp262d ago

@Hypertension
If I had time for a PS5 I would have bought a PS5 by now. I intend to someday, but at the moment my backlog is too big. Not only would I have to trade in all my games (for pennies on the dollar) and rebuy them for PS5, but Xbox actually finally has some exclusives coming out in the near future that interest me. I'll get a PS5 whenever Naughty Dog's next game comes out, at the latest.

fr0sty262d ago (Edited 262d ago )

@itsme

"I can play SOME the Sony "exclusives " years later. Some of them run better, some run worse." - Fixed

MrNinosan261d ago

@bryan
Your logic is amazing.
Not even close to all the Playstation games is being released on PC, and if they are, it's years past release, and often in a state when PC masterrace people cries anyways.
By logic, you should have a PS5, a PC and maybe a Switch if you're into that crap.

Especially as 100% of the Xbox games is also release on the PC, day and day.

Toncsipapa261d ago

Obsivously you get dislikes on this ps fanbooooy page :D

+ Show (8) more repliesLast reply 261d ago
Rockstar262d ago

@Jin

Judging by the replies here some of these people don't prefer games :).

On topic, I wish I could trade in my xbsx for a steam deck!

Julion0715262d ago

Then sell the x and get a steam deck 🤦🏾‍♂️

Rockstar262d ago

Why didn't I think of that?
Thanks for the tip! /s

goldwyncq261d ago (Edited 261d ago )

What games? FFXVI is the only true exclusive PS5 has right now and that's going to PC eventually too.

itsmebryan262d ago

@jin-Sakai
What games are you looking forward to this year?

Jin_Sakai262d ago

Spider-Man 2 and there’s plenty of great games to play that released over the years. Can’t say the same for Xbox.

DarXyde262d ago (Edited 262d ago )

There's a pretty decent slate of games coming out this year for all platforms. Armored Core looks great, Mortal Kombat 1 looks great, the info we're getting on Tekken 8 has me thinking it's coming this year. Sea of Stars can't be slept in either. If we're just talking about PlayStation games, Spider-Man 2 and Stellar Blade are expected to release this year and both look great.

I believe jin-sakai has an Xbox Series X (I could be wrong), but I reckon they're interested in those games, along with Starfield. That aside, Mario Wonder, Super Mario RPG, Star Ocean, and Suikoden I and II are all very welcome titles for the rest of the year.

I think no matter what platform you're playing on, there's enough there to generate a backlog.

EDIT: How the hell did I forget Lies of P? 🤡

shinoff2183261d ago

Darxyde

"Starfield. That aside, Mario Wonder, Super Mario RPG, Star Ocean, and Suikoden I and II"

Enough said. That's my game slate for the rest of the year.

DarkkMinion262d ago

That ain't a deal at all. Trading in a beast of a console for that, I don't think so.

Jin_Sakai262d ago

It’s a beast alright. Lol

“Digital Foundry about XSX teraflops advantage : It's kinda all blowing up in the face of Xbox Series X“

Jin_Sakai262d ago

All these “No thank you” comments from duplicate accounts. Lol

Christopher262d ago

I mean, I wouldn't trade in one console for another but instead buy both, prioritizing one over the other based on games I like.

Jin_Sakai261d ago

That would be the obvious choice but some might only be able to afford one or the other. And you have fans who will only support their console of choice regardless.

FinalFantasyFanatic261d ago (Edited 261d ago )

The PS5 is a better deal in the end, I really can't see the appeal of sticking with the Xbox.

DOMination-261d ago

"A good deal for those who want a console with games."

Like what? After all that bravado, the only game you could name was one that isn't out yet (Spider-Man 2)

Don't get me wrong, the XSX lineup in pathetic. But lets not pretend that the PS5 is any better. You can count the number of console exclusives for both on one hand.

If you're looking at games announced with release windows, there's only one console to get as it stands if you want games and it's not the PS5.

Jin_Sakai261d ago

PS5 has one slow year yes but they will start pumping out games soon and everyone knows the quality of their first party games are unmatched.

shinoff2183261d ago

Did the Xbox get any legend of heroes games, alot of jrpg type games skip the Xbox so unless your not into those types of games Xbox isn't a good choice at all. Alot of us from what I see have stuck with sony for the longest because they've had a great jrpg catalogue from 3rd party developers that xbox just can't touch. Those of us that enjoy alot of different games will get both consoles , I bought my series x about two weeks ago for starfield. It will only get used for a game here or there, most likely anything rpg related.

crazyCoconuts261d ago

Hard to tell who are in the Xbox Ambassador program from some of these comments. But for the masses, the console sales numbers are telling us which way the winds are blowing. XBox is in an important/pivotal moment right now imo

The_Blue261d ago

It's cool, I'll stick with my Xbox.

+ Show (10) more repliesLast reply 261d ago
Elda262d ago

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.

darthv72262d ago

I'll stick to keeping both. Gamestop though... seems kind of desperate to take in Series X units. What could they be plotting???

Eonjay262d ago

Almost certainly their plan is to charge obscenely high prices for a used Xbox.

myfathersbastard261d ago

They make pure profit on used consoles. They don’t share any of it. And they’re generally only like $50-$100 cheaper than new.
So they “sell”a PS5, make their small cut from that. Then sell the refurbished Xbox and get to keep all of it. It’s win win. They get a small cut on PS5, and a large cut from the Xbox.

Profchaos261d ago

Could be two fold sell as much base ps5 stick before the slim or pro drop and resell the xsx for those after a starfeild machine

jznrpg261d ago

PS gamers buy games number one. And they make money off used consoles. It’s a double benefit for them

Charlieboy333261d ago

Collecting more Series X consoles to sell on to MS for the cloud

+ Show (3) more repliesLast reply 261d ago
Lexreborn2262d ago

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

Chevalier262d ago

Yep. That's why I waited this generation to have a reason to buy the Series X. Got horribly burnt buying the Xbox One because I decided they had games I was interested in then they canceled the games I wanted right after.

Was tempted after they had that great showing awhile back and am glad I waited because it would have collected dust for 2 years otherwise. Couple games out and on the horizon that look pretty good. Might be a good purchase in a couple years.

Show all comments (88)
70°

GameStop CFO to Resign in Latest Executive Departure From Retailer

GameStop’s chief financial officer is resigning, in the latest of several executive departures from the video game retailer.