While GameStop stock has dropped 27% since late November, the retailer’s chief financial officer believes the company has taken the necessary steps to diversify its business beyond the sale of physical video game software.
“We have maintained a balance sheet that allows us to diversify, whether it’s inside the gaming space or outside of it,” Rob Lloyd says.
"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.
They'll go the way of Blockbuster and Radio Shack soon enough.
They are trying to become an electronics trading store and if that model succeeds remains to be seen. I have no idea if there is even an interest in used smartwatches.
Since they don't sell the retro games in store anymore... I have no use for GameStop... I get everything I want digitally...
For some companies being able to diversify is a great thing. Most times though I see it as a start of the fall of the brand. People don't go to Gamestop for tablets or smartphones. It's a GAME store. I wish companies would stick to what they're good at. I know there's people out there thinking "do you run a business Muzikguy?" My answer obviously would be no, but you can't deny that this is how companies start to go belly up. They should stick to games, actually care more games, and get those "off the radar" niche titles too. Excel in what you're good at. Don't just enter a new market because you can. With everything they add into their stores they lose more and more space to something that's not video games which IMO isn't smart on their part
Keep fighting to stay relevant guys. It's going to be a long losing battle.
Digital is Killing them Softly ....
I Despise the very thought of a Digital Dominant Future /