Items tagged with GameStop

Generally you don't bite the hand the feeds you, but apparently Nintendo doesn't feel GameStop provides all that much financial sustenance, hence the console maker isn't thinking twice about competing against the new and used games retailer with lower priced refurbished consoles. That's right, Nintendo is now selling refurbished 3DS and DSi XL game consoles in the U.S., and at prices that are lower than GameStop. Nintendo points out that the ones it's selling are the only refurbished products in the market that have been cleaned, tested, and inspected to meet its high standards. Like Apple does with its refurbished items, Nintendo offers the same one-year warranty that applies to its new products.... Read more...
Ouch. There just aren't too many other ways to say it. As the video game world enters a period of rapid transition, the old players are starting to show signs of wear. The home console market just isn't what it used to be, and neither is the importance of physical media and retail shops. As more and more gamers find their fix in mobile gaming, it's getting tougher for the mainstays to remain relevant. GameStop is a company in search of its next move, and it's losing a lot of money as it tries to find it. The company's Q4 2012 earnings saw a loss of $270 million, on sales of $3.56 billion. Consolidated comparable store sales decreased 4.6% compared to the prior year quarter, while Q4 sales were... Read more...
If Paul Revere was still alive, he'd ride through the streets in a Mustang yelling, "The consoles are coming! The consoles are coming!" In his absence, some websites are calling attention to rumors that next generation consoles, and in particular Microsoft's Xbox 720, won't play nice with used games, effectively killing off GameStop and putting a dent into other outfits that sell pre-owned titles. If Microsoft and Sony were to be so brazen as to refuse to allow pre-owned games to work on their respective consoles, it would surely be bad news for GameStop, but even worse for Gamefly, which is essentially a Netflix-like service for gamers (games-by-mail). Image Source: Flickr (dicoplio) "If the... Read more...
New and used games retailer GameStop is planning to close 250 existing brick and mortar locations, according to comments made by company CFO Rob Lloyd at the Goldman Sachs Technology and Internet Conference in San Francisco, California. Oddly enough, while GameStop is declaring it 'game over' for 250 locations, it will also open between 60 and 70 new stores in 2013. There's a logical explanation for why GameStop is both opening new and closing down existing retail stores. "Closing 250 stores enables us to deal with the very small percentage of stores that we have that are unprofitable, but also to close marginally profitable stores and actually make more money by moving customers to other nearby... Read more...
After being shunned by Target and Walmart, both of which stopped carrying Amazon's Kindle line because of the small profit margin (and because Amazon is major competitor to their brick-and-mortar business model), Amazon is taking its Kindle Fire tablets to GameStop. The new and used games retailer is more than happy to oblige and is already selling the Kindle Fire HD 7" ($200). Those interested in the Kindle Fire HD 8.9" ($300) and Kindle Fire 7" ($160) will find those devices in select stores. It's not such an unlikely match. GameStop recently made a push into tablet territory, recognizing the rabid demand for such devices, and also the ability of tablets to play games. And obviously Amazon... Read more...
If your kids, grandkids, nieces, and nephews aren't already into the whole GameStop scene, they might be by the time the holiday shopping season concludes. That's because the new and used gamer retailer plans to open around 80 'GameStop Kids' holiday store locations in select malls throughout the U.S., the company announced. The kid friendly stores will feature lots of themed accessories, plush toys, collectibles, action figures, and of course video games. Specifically, you'll find items like a Chewbacca 9-inch plus, Angry Birds mugs, Minecraft Foam Sword, Batman Beatz Beanies, Stay Puft backpack clip, and much more. "We are always striving to make the shopping experience better for holiday gift... Read more...
New and used game retailer GameStop has been eager to jump into the streaming space ever since it acquired Spawn Labs and Impulse in 2011, and come next summer, the company's own cloud-based service will go live. At that time, it will not support consoles, even though that was originally the plan. "Based on consumer feedback, our success in selling mobile devices, and the imminent launch of new consoles, we have decided to move our technology to a PC-based model," GameStop president Tony Bartel said during a conference call." Details are still being hammered and more changes could be made between now and next summer, but the current plan is for GameStop's upcoming Spawn service to also support... Read more...
GameStop makes a killing selling used videogames, but what happens to that business model when digital distribution platforms run physical media out of town? That's not anything to worry about today, tomorrow, next week, or even next year, but at some point, GameStop will have to deal with the direction the games industry is headed, and it may already have a solution. GameStop CEO Paul Raines recently brought up the possibility of reselling used digital downloads. The idea is that GameStop could buy back your digital copy of any given game and then reissue the key to someone else. Obviously there are plenty of challenges involved, most of which relate to piracy, but GameStop sounds determined... Read more...
"Adapt or die." It's a phrase used in countless movies and novels, and honestly, it makes sense. And it's the same mantra that GameStop is adhering to. The gaming giant knows that physical game sales are on the decline, and there's only one way to keep those profits up: change the business model. Recently, it announced contract-free SIM service acting as an MVNO, and now, it has announced that it will carry a selection of Android tablets in over 1,600 American stores. The Acer Iconia Tab A200 will go for $299.99, while the Asus TF300T will go for $100 more. Toshiba's Excite 10 is in the mix at $449.99, too. To mix things up a bit, GameStop is preloading its Android tablets with a free selection... Read more...
Yep, you read that headline right--GameStop is getting into the mobile service provider business, with its new GameStop Mobile MVNO. The company will sell you a SIM card (you’ll need your own unlocked phone) and set you up with a contract-free service plan while it entices you to snap up some used console game titles. GameStop is using AT&T’s network and offers up a variety of plan options, all of which include domestic long distance, nationwide coverage (with no roaming), voicemail, caller ID, and call waiting. There are no activation charges, and you keep your service as long as you let GameStop deduct its money every month. The two highest-prices plans, Smartphone Unlimited... Read more...
New and used games retailer GameStop is starting to move away from selling titles for Sony's PlayStaton Portable (PSP) game console, instead choosing to focus on newer platforms, like the PS Vita. According to reports, GameStop has removed PSP games from a quarter of its stores, yanking them out of the smallest brick-and-mortar locations. The reason, according to what Kotaku was told by a GameStop spokesperson, is to "maximize the merchandising space in the smallest 25 percent of stores." And for the remaining 75 percent of stores that will continue to carry PSP games, they'll be serving up "a greater assortment," the spokesperson said. Image Source: Flickr (ShopRite) Kotaku surmises that this... Read more...
The rumor mill is still churning out quite a bit of information on new consoles this week, including new data on Nintendo's upcoming Wii U. According to unnamed developers, the Wii U actually isn't as powerful as the Xbox 360 or PS3, despite boasting HD graphics and significantly improved hardware. According to Nintendo's public statements, the new console will have 8GB of onboard Flash, a new, Power-based CPU built on a 45nm process. IBM has hinted that the Wii U chip leverages technology found in its own Watson, which would make it a derivative of the Power 7 architecture. There's a substantial disconnect between the tech specs being floated and the claim that the Wii U won't measure up to... Read more...
Over the past 10 days, we've discussed the question of used games and how revenue is divided. One of the few points that both GameStop and game developers agree on is that buying a used game doesn't directly benefit the publisher or developer in any way, though there's reason to think that a strong secondary market boosts gaming sales in general. Given how often people quote wanting to help developers as a reason to buy a title new, you might think the lesson is clear. Evidence suggests it isn't. Blogger and game developer Simon Roth recently published a list of nearly 150 games published by now-defunct studios. Roth says this list is merely representative of the hundreds of additional titles... Read more...
Our coverage of the content lockout in the just-released game Kingdoms of Amalur and whether or not studios deserve a cut of used games sales kicked off quite a debate last week. We heard from a number of you with strong views on the topic, both pro and con, including an irate GameStop manager who was willing to give us his perspective* on the used game market and GameStop's business model. He writes: The price comparisons on what we buy for / pay for are not dissimilar to what the Half-Price Books bookstore chain "makes in profit" on a given resold book. And I can guarantee you that if you walk into a pawnshop, they're selling all sorts of merchandise including used video games at far greater... Read more...
Studios and publishers are fighting back hard against the used game market, with the upcoming title Kingdoms of Amular, the latest to declare it'll use a content lock. In this case, KoA ups the ante by locking out part of the game that's normally available in single-player mode. Game reviewers found the following inside their copies. The text reads: "Online pass gives you access to the House of Valor faction quest, featuring seven additional single-player quests" It then gives instructions on how to activate the additional content. Gamers exploded, with many angry that game content that had shipped on the physical disc was locked away and missing, as well as being angry at the fact that content... Read more...
Looking for something to do this weekend? You could watch the New England Patriots decimate the Indianapolis Colts on Sunday in a watered down rivalry that won't feature Peyton Manning falling to the fetal position at the first sound of footsteps coming through his offensive line. Or you could watch the new Muppets movie. Just make sure to carve out some time to head into GameStop and play with the Eee Pad Transformer Prime from Asus! We've already spent some hands on time with the Transformer Prime, which you can read all about in our preview here. Asus has a winner on its hands, and you can see for yourself this weekend as GameStop gets a jump on the competition and becomes the first to offer... Read more...
Last week, we covered GameStop's decision to first pull coupons from Deus Ex: Human Revolution from game boxes and the company's subsequent decision to stop selling the game altogether until Square Enix provided it with boxed versions that didn't include a coupon for OnLive's gaming service. Now, GameStop has pulled an about-face and is offering a public apology along with other goodies for gamers who bought a copy of the game and didn't get the OnLive coupon. The company has sent out the following letter:Earlier this week, GameStop removed a competitor's coupon from standard edition PC versions of Deus Ex: Human Revolution, a recent release by Square Enix. We were not aware that the product... Read more...
Most companies, when caught removing something from a game box that the publisher meant to put there, might express shame or at least pretend it was an accident. Not GameStop. Yesterday, news broke that the massive retailer had given orders to open all copies of Deus Ex: Human Revolution and remove the coupon for a free copy of the game, courtesy of OnLive. OnLive, for those of you who aren't familiar with it, is a gaming service that streams titles to a diminutive MicroConsole (if you want to play on a TV), or can be set up to stream titles directly to a Mac/PC. It's an online service that purports to be the future of gaming through digital download, and while it's not exactly in Steam's league,... Read more...
It should come as no big surprise to hear that GameStop is starting up a program to sell digital versions of games at physical B&M stores. That's right: digital copies of games, at stores. Why such a mishmash? While customers could purchase the same thing online without messing with the whole in-store routine, it's also worth mentioning that those who visit will be able to apply game trade-in credit toward digital downloads. For those looking to do the swap-and-buy thing, that could a good option. GameStop is relying on technology from their recent purchase of Impulse, and it appears the company is hoping that these kinds of plans will keep the foot traffic up. It's probably just a matter... Read more...
In a surprising change of pace, it appears that GameStop will be returning to the PC games market with an announcement that customers can now place pre-orders for digital downloads. Seemingly following EA's lead, the brick-and-mortar retailer has begun shifting the some of its focus off of packaged goods sales and onto digital distribution. GameStop recently nabbed up the Impulse digital distribution platform, in a bid to compete with Steam and EA. The first game to receive the new treatment will be Deus Ex: Human Revolution, which launches August 23 in-store and online. Customers looking to purchase the game can even put store credit from trade-ins towards the pre-order if they so choose. "This... Read more...
Video games publisher Electronic Arts says that the end is coming for brick-and-mortar video games stores. Speaking to Eurogamer in an interview yesterday, EA Sports Vice President Andrew Wilson made clear his thoughts on the future of game purchases. "There will come a day where I think that people will stop going into GAME and GameStop. And I use those purely as examples of retail," said Wilson. "It's important for retailers and us to understand what the consumer wants in the future." EA, of course, has something to gain in the possible demise of chains such as GameStop, as the company just launched a direct-download service named Origin last month. Compounded with the publisher's recent... Read more...
When it comes to video game sales, there's no love lost between game publishers and game retailers--particularly GameStop. Nearly half (48.1 percent) of GameStop's profits come from sales of used games. The company's entire business model is built around the acquisition and sale of previously owned games. Such sales are pure profit to the company. GameStop has never released an estimate of how often the same copy of a game passes through a store, but the combination of a popular title and good location could easily lead to multiple resales. Game publishers hate the fact that they're completely cut off from this revenue stream; a member of Lionhead Studios made headlines last May when he declared... Read more...
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