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240°

GameStop CFO On Fighting To Remain Relevant

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.

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Community3040d ago
gamerlive3040d ago

They'll go the way of Blockbuster and Radio Shack soon enough.

CorndogBurglar3040d ago

I don't understand how that could be. The gamestop by me is huge and it doesn't matter when you go there it always has a 20 minute long line because its packed full of people buying stuff.

SonyMontana3040d ago

The 2 near me have 1 person it whenever I go there, which is less and less frequently. I bought 90% of my games digitally in 2015.

Psychotica3040d ago

Radio Shack is still around..

freshslicepizza3040d ago

not as long as physical sales still account for a lot of purchases. so many services now rent movies online, the same isn't yet happening in videogames. the technology is still questionable.

Withdreday3039d ago (Edited 3039d ago )

I don't know, maybe people are just buying their new games elsewhere since Gamestop pre-opens them?

Last time I checked, an opened game isn't a "new" one.

Gamestop is selling games Used+...

Clunkyd3039d ago

Well I buy them at Bestbuy because they have great membership program. 20% Off new games plus 2X points!

3-4-53040d ago (Edited 3040d ago )

* If I want to play an older game today....I got to gamestop.

Best Buy, Target, Walmart only have newer or newish games, where as I can get older games from last gen at gamestop used for a pretty cheap price.

* I get using Amazon & ebay are awesome. I use those too, but if I want a game right now....I'm going to Gamestop, and being a pro member + waiting for deals you can do pretty good there.

You just need to know WHEN to go, to get the most you can get either buying or trading.

Also, Nintendo games retain their value at Gamestop for years.

* The employees are hit and miss, but I'm lucky I have 2 really good gamestops near me with mostly awesome staff that actually knows what they are talking about.

I've been to others and I get why people complain, but if you find the right store, it's a great experience.

DaGR8JIBRALTAR3039d ago

I can't wait. All hail Best Buy!

+ Show (2) more repliesLast reply 3039d ago
annoyedgamer3040d ago

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.

Muzikguy3040d ago

They are and it won't succeed. The employees at GS are more clueless about that stuff than the Best Buy employees

CerebralAssassin3040d ago

Select GameStop employees are clueless sure but not all. Just so we are clear there. A lot of people that work at GameStop do, because they WANT to be there. It pays like crap. I used to work there and along with myself a lot of employees there were knowledgeable about everything we sold. Select employees don't represent the entire company.

x_RadicalAura_x3040d ago (Edited 3040d ago )

Yeah, that business model's not going to sustain. People are lazy. They'll go to competitors like Gazelle / Glyde instead.

MetroidFREAK213040d ago

Since they don't sell the retro games in store anymore... I have no use for GameStop... I get everything I want digitally...

WeAreLegion3040d ago

They're moving toward retro.

MetroidFREAK213040d ago

Yeah, online only... Besides, I can get better prices on eBay vs GameStop anyday

WeAreLegion3040d ago

No, I'm talking about the brick and mortar stores. They've been testing out retro games in large cities and are expanding to all locations in the next couple of years.

Muzikguy3040d ago (Edited 3040d ago )

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.

FoxyGotGame3040d ago

Digital is Killing them Softly ....

I Despise the very thought of a Digital Dominant Future /

Muzikguy3040d ago (Edited 3040d ago )

Same here. I don't buy digital but I don't buy at GS either. I used to love when they'd carry games I've never heard of but now half the dam store isn't even video games. They can't act like they don't have the space. Plush Pokemon, game related pens, suction pieces for cell phones (cool idea though), and action figures along with all the other stuff doesn't belong in the store IMO

It also annoys me how GS seems to strongly promote one brand over another. Shelf space is almost 2:1 in favor of Xbox yet they have fewer games than PS. BestBuy does it too (not as bad), but at least there the games that are on both systems are actually in the store

Seraphim3040d ago

Honestly I think shelf space sometimes depends largely on the consumer base in that region or store. I've been in some stores, generally speaking, that carry more PS than XB space or vice versa while another location is just the opposite. locally our Walmart has XB packed to the ceiling while hardly carrying anything related to PS. I'd imagine they do more sales and have more customers buying XB games while the PS gamers in town buy online or digital

I buy 99.9% of my games from amazon. Rarely if it's a game that came out w/in the past year or so I might check Walmart and have them price match what Amazon is selling it for. That's only if I'm bored and want it that night because I don't care to rent games nor am I paying $8 for 5 nights when the games $30-40. As for Gamestop, I've bought 1 game there in over 16 years and that was just this past week when I had my dad pick me up Kingdom Hearts 2.5 black label while he was out of town.

annoyedgamer3040d ago

More like everyone buys their games on Amazon and ships them.

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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.

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Community234d ago
XiNatsuDragnel235d ago

Absolutely consoles needs disc drives.

wesnytsfs235d 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.

Profchaos234d 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

ChasterMies234d 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.

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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."

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Community262d ago
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

MrNinosan262d 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.

Toncsipapa262d ago

Obsivously you get dislikes on this ps fanbooooy page :D

+ Show (8) more repliesLast reply 262d 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

goldwyncq262d ago (Edited 262d 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_Sakai262d 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-262d 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_Sakai262d 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.

crazyCoconuts262d 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.

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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.

myfathersbastard262d 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.

Profchaos262d 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.

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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.

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