1090°

GameStop Does the Unthinkable, Increases Their Trade Values for a lot of Games by Crazy Amounts

We all know GameStop. They’re that company that will give you $20 for your week old copy of a game you just spent $60 on. Well, in a move that can only be characterized as out of character, they have increased the trade values for many titles, with some getting absurd bumps. - PSLS

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Obnoxious_Informer4582d ago

It's almost as if they have a heart or something.

Abash4582d ago

More like trade-ins must be slow affecting profits to a notable degree and they need a big boost for that looming sales report they have to present to the executives in charge after the holidays.

Obnoxious_Informer4582d ago

You have a wonderful sharp and cynical mind, I deeply appreciate it, and thank you for being you <3

ABizzel14582d ago

More like Best Buy was whooping their @$$e$ when it came to trade-in value. With Best Buy trade-in prices would generally be $20 - $30 for a new game (similar to Gamestop's old prices), but Best Buy is ALWAYS running a +50% trade in value on used games meaning those games jumped up to $30 - $45, and if you're a gamer a gamer's club unlocked member you would get an extra 10% trade-in credit on top of that ($33 - $49.50). And there's even times when they have 100% trade-in credit although the most I've seen for those was $25 original $55 with 100% and 10% which blows Gamestop out of the water.

Now if people are buying used games from Gamestop (just had Buy 2 get 1 free), but selling used games to Best Buy then Gamestop's supply is going to be low. Therefore, to get more people trading in they have to up their trade-in values since Best Buy is back down to 50% trade-in credit.

4582d ago
rainslacker4582d ago (Edited 4582d ago )

Either that or Used game sales are up meaning they have more demand to keep used games in stock. That would coincide with what their CEO said a couple months ago on how they figure out trade in prices.

Higher prices also help get people into the store to hopefully buy games and stuff.

@ABizzel
I noticed a lot of those great trade in offers from best buy, and what came to mind was that there was no way those prices could be sustainable for the long term. I mean some of those prices for buying the used game are higher than wholesale for a new one. Gamestop's trade-in values didn't hit rock bottom overnight, it's based on complex algorithms that determine supply vs. demand. I wouldn't be surprised in the least if Best Buy ends up having crappy prices in the future once they have a bigger part of the market. Even their pre-order bonus's aren't really sustainable since in theory they are losing money on each unit sold.

In the mean time though, might as well take advantage of them. Competition is great.

SilentNegotiator4582d ago

Abash and ABizzel are probably both right.

ThanatosDMC4582d ago

You sell it to them for $20-$25 then they resell it and call it pre-owned for more than twice the amount.

rockbottom30764581d ago

Best buy has a third party that gives them values and sets prices that's why they don't push used on people. Everytime a game is traded in at best buy it's shipped out then may be shipped back or sent somewhere else.

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VanguardOfCalamity4582d ago

Damn...thought the end of the world Mayan thing was BS... but Gamestop giving $30 for Family Guy: Back to the Multiverse.. might just be something to it

Beastforlifenoob4582d ago

*breathes in*
The 2012 apocalypse was true!

MEsoJD4582d ago

Still not enough earn back my business.

Crazyglues4582d ago (Edited 4582d ago )

...LoL GameStop is that you,???

-I didn't recognize you with all these higher prices for traded in games...

Are you ok...? Are you sick or something.. because your not acting like yourself..

Remember your the company that would rob people blind for their trade-ins -did you forget ???

Oh my, come with me you don't look so good you probably have the flu or something? -I don't even recognize you GameStop! >_<

.____........___...____
.____||......||.......____||
||.........___||.......____||

elpresador4582d ago

You know, I never DID get the hate for Gamestop. Yes, their trade in values usually suck but at the end of the day, it is the consumers choice to go there or not. I mean, all you hear is people bitch left and right about Gamestop YET most of those people still go there.

So yea, their practices usually do suck, and that is why I only go there to look for hard to find games, but since I hate how they do things, I basically NEVER shop there. At the end of the day, seeing as how they are still making money hand over fist, obviously they are doing something right because they get a lot of repeat business.

Finally, and this goes out to only a fewm uf you hate them, dont shop with them. I mean I know people that bitch and moan EVERYDAY about gamestop YET they still shop there.

If nothing else, you have to blame the consumers somewhat because if they wouldnt continue to shop there thene GS would change. Still, hate them all you want but, as long as people like getting rammed in the azz, they will keep doing it....

I find the people complaining about GS to be pretty much EXACTLY the same as those who always complain about COD games. It's actually funny when you stop and think about it!

rainslacker4582d ago

I think the hate has been brewing for years. I personally stopped shopping there for about 5 years because the clerk actually said I was stupid for owning a PS3 and not wanting an 360. One opened up near my house though and I went in there one day and they have some of the nicest people working there, and now I shop there enough the manager will go out of her way to get in a special game for me. She even sold me the only extra Wii U deluxe she got when all I could reserve was a basic.

Anyhow, for many people they are really the only choice for buying games at a retail specialty store. Places like target or Wal-Mart have a pretty crappy selection, Best Buy isn't bad but rarely do they have much that's over a year old. For all these big chains I found finding anyone knowledgeable to help you is not that easy. There are some mom n' pop places but they usually don't have the same selection that GameStop has.

The pushy sales tactics seem to be the biggest complaint about service, but it doesn't bother me because I just say no, and really at my job I have to do the same kind of thing even though I don't really want to or know that the customer doesn't want me to.

AzaziL4581d ago

I would agree if only 1)it's a promo offer for "Power Up Rewards" members only and 2) it ends in a couple of weeks, i knew it was too good to be true.

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dbjj120884582d ago

Between this and 50% bonus credit the other weekend, I don't have any games left on my shelf.

TrendyGamers4582d ago

Did you pick up anything good with all that credit?

dbjj120884579d ago

I like amassing a lot of credit so I can get new hardware or try lots of new games.

jwk944582d ago

People don't seem to realize that this is a special offer...

TheBatman_Fanatic4582d ago

Exactly, now it this wasn't a special offer, then there is something to be excited about.

mi_titan274582d ago

i bought alice for $10 from gamefly last week, i could make $10 on it, i bought LBP Karting for $25 brand new in the package from amazon, i could make $5 off that game

Scenarist4581d ago

how long is gamestop doing this.... .makes me want to go check out some places with cheap games... and buy bulk and sell to gamestop ..

NYC_Gamer4582d ago

I refuse to do business with gamestop

P_Bomb4582d ago (Edited 4582d ago )

I despise Gamestop/EB Games as well.

I only buy something there maybe once a year and only if I have to. Like for the PS AllStars preorder bonus, which the cr@ppy clerks also gave me a hard time over, not knowing a thing about the promo and not guaranteeing me a voucher on release day. Funny how when I came back to pick up the game and check on the voucher, the manager was behind the desk and gave it to me no questions asked while one of the clerks who had given me a hard time stood silently beside her, lol.

Horrible trade-in value, poor customer service, few midnight openings, day-late sales compared to other chains, I'd rather shop at bestbuy or walmart where the clerks know nothing, but at least leave me alone and don't try to push their two cents on me that i never asked for. And for the 100th time, stop asking me if i wanna pay $5 for scratch insurance on a scratch resistant blu-ray disc. It's almost 2013. Get with the program.

CaitSith4582d ago

Didn't know Blu-Ray discs were scratch-resistant. Thanks for the heads up.

F*** you Gamestop.

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1240°

Gamer Tries to Sell PS4 Pro to GameStop, Ends Up Being Asked to Pay the Store

A gamer tried to sell his PS4 Pro to GameStop USA and found out that he would actually have to pay the store.

Lionsguard105d ago

Gamestop: And I'm taking a huge risk here.

1Victor104d ago (Edited 104d ago )

Well there’s no stop like GameStop I’m surprised they didn’t go deeper into the hole with their USED cables and controllers prices.
Edit:
For those that don’t know if you go to trade a console you need it to be ready to go with all the controllers and cables if you don’t have them they ask you to buy them and deduct the price from the monetary appraised for the console

Gamingsince1981104d ago

That makes perfect sense really, why would you be selling your console without all the things it came with and needs to actually be used.

jznrpg105d ago (Edited 105d ago )

eBay.. not having anything for it makes it seems stolen though

Profchaos105d ago

Not always I've seen plenty of refurbished units go cheap because people have picked them up broken then repaired and onsold with no controller or cable. When they are this old many people just want to replace the main unit

jznrpg104d ago

I doubt those people are selling at GameStop

BeHunted104d ago (Edited 104d ago )

In the UK, eBay has removed selling fees, letting you list and sell any item for free.

andy85104d ago

Correct. This is why day one games cost me practically nothing now

Eonjay104d ago

They are gonna take that same console and sell it for $300.

Inverno105d ago

GameStop era ended in the teens. Let it die bruh.

S2Killinit104d ago

I love gamestop. I still shop there. I prefer buying a game from a game store than a department store.

Inverno104d ago

I preferred goin to Circuit City but that died out. Years back I'd go to Best Buy cause of Gamer Club, now Best Buy barely sells games and doesn't sell Blu-rays and looks dead most of the time. Same with GameStop, these stores look like a barren wasteland of Funko Pops and anime figures. These retail stores don't seem to care about pulling in customers. Those figurines are neat, I collect them too but they ain't pulling me into a GS. Rather than attracting gamers they've pay walled everything behind a subscription. As if they weren't already cheapskates back then with their trade ins.

FinalFantasyFanatic104d ago

I still go in there and browse, but never buy anything, the video game section is getting smaller and smaller, even the PS5/Series X/Switch game selection is getting tiny.

tiron8104d ago

I miss Best Buy's Gamer Club, I used to get pre-orders for like 20% off often with other discounts then get points I could trade into discount rebates. It was so good, getting day 1 games for like $30.

When they shut that down I stopped buying games day 1 almost completely.

raWfodog105d ago (Edited 105d ago )

I stopped going to GameStop when they no longer let me use my monthly $5 rewards points towards PS network cards.

Knightofelemia105d ago

Weird I live in Canada and the Gamestop near me says you need the console, controller, controller cord, and an HDMI cord before they will take a console on trade. And if the console shows signs of being opened they still won't take the machine. And if you upgrade the PS4 HDD from 500 gig to a 1TB they will count that machine as modified and label it as a 500 gig model. Better to just sell it on Facebook Marketplace.

clevernickname104d ago

I also live in Canada. I had a similar experience trading in an Xbox One S. Gamestop would give me a pittance for it, so I sold it on Marketplace for almost as much as the original selling price.

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250°

GameStop plans widespread store shutdowns after closing 300 locations last year

GameStop has announced plans to shut down stores across the country after closing 300 locations just last year.

The popular gaming retailer says net sales have fallen 20 percent, now sitting at $860 million - a drastic change from its $1.08 billion in 2023.

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PRIMORDUS192d ago

Also giving you about $5.00 off for buying a used game is just bullshit. For example: https://www.gamestop.com/vi... New is $59.99, if your going to sell it for a used price it needs to be at least $10-$20 less. I hope GameStop just goes away.

OtterX192d ago

Same nonsense they were doing 20 years ago. 🙄

Time to take old yeller out behind the shed...

Grilla191d ago (Edited 191d ago )

One of the reasons I went digital. I used to trade games in back in the day when money was tighter. Trading a game in for 10-15$ isn’t worth the trouble. Especially when they turn around and sell it for almost full price.

RhinoGamer88192d ago

Not surprising, but sad. WooT is killing it with their game discounts...on new games.

raWfodog192d ago

This is just market forces adjusting for GameStop’s long-time practices of nickel and diming the consumer. I feel bad for the workers though. It’s not good that they have to lose their jobs over this.

P_Bomb192d ago

Unfortunate for the staff, but not unexpected.

46player192d ago

Not too surprising. Lots of people buying digital.

And GameStops trade in and resale pricing strategy is awful for customers. I will miss them when they are gone though.

Most I will miss being able to trade in a console, get a couple hundred towards the new model like PS5 to PS5 Pro.

SonyStyled191d ago

I’ll miss the midnight launch parties. Standing in line with strangers sharing our excitement about a video game. Digital took that from us. I wish younger audiences could experience how joyful it was

Kombatologist191d ago

I often think about times like that and how good we had it, before social media and smart phones gave way to a generation that expects instant gratification.

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50°

GameStop Retro: Too Little, Too Late? | 1-up Geeks

GameStop is one of the last remaining relics from a bygone era where stores like Blockbuster, Game Crazy, Hollywood Video, and many others were found on every corner. If you…

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