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Is The End Near For Gamestop?!?


JayC
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I never went to GameStop because they mainly turned into another Toys R' Us in my city.  Both stores would just have employees that worked there to just pop and pull exclusive or chase figures and throw them on eBay.

I have used GameStop online but only if they were carrying exclusive figures that I wanted but not for video games.  I personally don't want to deal with a brick and mortar store that will give you $15 dollars for a $60 dollar game you just purchased.

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On one possible positive note, I saw this morning that apparently Collectibles is the only area Gamestop has experienced growth. It was said collectibles were up 21.2% year-over-year.

I've said this before but they should just nix the video games all-together and become a national adult action figure and collectible store chain. Yeah it's not going to be as profitable as video games where at the height of Gamestops dominance and likely couldn't sustain as many stores as before but they would basically be unique, a national toy store chain that caters to the adult action figure and collectible collector as it's primary consumer base.

They could rename the stores "POP Stop". Pop being short for Pop Culture.

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On 9/11/2019 at 4:18 PM, Outsiders said:

I never went to GameStop because they mainly turned into another Toys R' Us in my city.  Both stores would just have employees that worked there to just pop and pull exclusive or chase figures and throw them on eBay.

I have used GameStop online but only if they were carrying exclusive figures that I wanted but not for video games.  I personally don't want to deal with a brick and mortar store that will give you $15 dollars for a $60 dollar game you just purchased.

Well those employees should have been fired if they did that.

 

Plus this article confirms they will try to turn into a social hub for gaming.

https://abc7chicago.com/entertainment/gamestop-closing-180-200-stores-across-us-/5534676/
 

I don't mind my GameStop stores at all. They aren't a mess either.

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  • 1 year later...
The woes of the video game retailer Gamestop continue during this time of the COVID-19 pandemic. Last week it was announced that their second quarter revenue came in below analysts' expectations despite online sales going up by 800%. Back in March Gamestop had announced it planned to close 300 of it's physical stores globally, but now according to CNN they have raised that number to somewhere between 400-450 stores, with more closures coming in 2021. CFO Jim Bell said the closures would “allow us to more efficiently and profitably service our customers”

Right not there are about 5100 stores remaining worldwide.
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 Another one bites the dust.

Never been a big Gamestop guy, but I've gotten real sick lately of watching previously healthy businesses go belly up while Congress can't bring themselves to interrupt their monthly paid vacations long enough to give a crap.

I figure by the time the pandemic, and the mess the governments made of the country in fear of it, is straitened out, there will be exactly two businesses left. The public relations firm the government pays to lie to us about how the economy is improving, and Pelosi's hair-dresser.

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I thought I would chime in on the percentage debate here and let you guys know that 10% is called decimation. 

Its extremely devastating when it was practiced in warfare and you can also apply it to physical businesses. While it's not a kill blow to the business it is significant enough to allow for financial restructuring. 

I think most people's relationship to percentages are in terms of discounts, and a 10% discount isn't much of a deal but when applied to trimming a business this is a meaningful first step. 

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