Items tagged with (NYSE:GME)

GameStop has changed its mind on labeling itself "essential retail," and has announced that as of tomorrow, all of its stores that are still open will switch to a "delivery of the door" service. Notification of the change came from GameStop CEO George Sherman yesterday in a letter that was sent out to employees. The way GameStop intends to conduct business from now on is by allowing shoppers to order games online using the GameStop app or using QR codes at stores. Customers will be able to pick the games up curbside at stores that remain open during the coronavirus pandemic. In some states, GameStop has been forced to shut down locations entirely, such as California and Nevada. The struggling... Read more...
California Governor Gavin Newsom announced a "statewide order" for nearly 40 million residents to "stay at home" amid the coronavirus pandemic, and in other states, school closings are common. Same goes for various retail businesses—many restaurants are now only offering delivery of pickup. Meanwhile, GameStop stirred up a bit of controversy when it reportedly instructed its employees to keep its stores open based on the notion that it is an "essential retail" chain. Say what, now? Hey, I love video games as much as the next person, and during this time of "social distancing" and self-quarantining, they are a welcome distraction, both from what is going on in the world and from going... Read more...
In many places, you can't walk into a movie theater and catch a flick or waltz into most restaurants for a meal (it's delivery or pick-up only), but you sure as heck can march yourself into GameStop. Well, for now, anyway. There has been a call for 'social distancing' in light of the coronavirus pandemic, and while GameStop has not yet closed its stores, the retailer has decided to sell Doom Eternal today, a day before it is scheduled to release. "To ensure we adhere to CDC-recommended social distancing guidelines, we will be selling Doom Eternal a day early on Thursday, 3/19 as a safety precaution for our customers and associates. Animal Crossing will release on Friday 3/29 to further help separate... Read more...
It's hard work landing on Santa's 'Nice' list, but hopefully you were able to do it and score yourself some fantastic loot on Christmas. If not, maybe you treated yourself to a fancy new game console for the holidays, like an Xbox One, PlayStation 4, or Nintendo Switch. Whatever the case might be, GameStop is having a Winter Sale to help stock up on titles. In general, this is a fantastic time to shop for games. Sales abound, with discounted prices to be had on Steam, at GoG, and the Epic Games Store (where you can get Red Dead Redemption 2 for just $38), to name just a few places where game bargains exist for the holidays. Not to be outdone by all of the digital storefronts, GameStop is throwing... Read more...
GameStop is in the midst of its Pro Day Sale. This is a single day event with discounts on games and hardware exclusively for Pro members of the retailer's PowerUp Rewards program. The Pro tier runs $14.99 per year and includes various discounts throughout the year, better trade-in values, exclusive sales events like this one, a 12-month subscription to Game Informer magazine, and a few other perks. Image Source: Flickr via Mike Mozart Today's sale sees various discounts both in-store and online, including some enticing discounts and offers on game consoles. For example, GameStop is including a $25 store gift card with Nintendo Switch consoles and a $50 gift card with Xbox One S and Xbox One... Read more...
GameStop is feeling the pressure after a recent earnings report was bad enough to send the company's stock tumbling down. The future of GameStop locations around the country isn't looking bright as the gaming industry starts to transition from physical discs for games to streaming. In the here and now, GameStop has a sale going on that gamers can take advantage of to get extra credit on trade-in systems and discounts on other merchandise. With the Spring Sale underway through April 20, PS4 Pro or Xbox One X trade-ins will nab a $250 store credit. Trade in a Nintendo Switch or standard PS4 and get $200 credit. The less desirable Xbox One S will get $150 in trade credit. Other notable... Read more...
The field of eSports has simply exploded in size over the last decade. Many corporations are throwing a lot of money at training facilities, tournament stadiums, and professional gaming teams. GameStop recently announced that it plans to sponsor an eSports training facility in cooperation with Complexity Gaming. Frank Hamlin, the Chief Marketing Officer for GameStop, remarked, “We are aiming to become the official minor leagues of eSports where GameStop provides fun and unique cultural experiences for player development while preparing the next generation of professional gamers.” Jason Lake, CEO of Complexity Gaming, stated that he hopes the new facility will further “professionalize”... Read more...
I grew up feeding quarters to arcade machines, which might seem like a foreign concept to gamers who have been raised on Xbox and PlayStation consoles. Back in the day, we had to hike 2 miles in the snow, up hill (both ways!) just for the privilege of playing a video game. And now? Game consoles and PCs rule the day, though you can still find arcade cabinets in a few spots. You can also bring one home, and without the bulk and cost that are usually associated buying an arcade cabinet. Intrigued? A company called Arcade 1Up unveiled three-quarter sized arcade cabinets earlier this year at E3. At the time, the company said they would be available this fall, with pre-orders beginning at the end... Read more...
Nintendo disappointed a lot of nostalgic gamers when it decided to abruptly end production of its NES Classic Edition console, especially after it failed to produce enough units to meet the holiday demand despite Nintendo of America President Reggie Fils-Aime promising otherwise. Well, the bad news is that Nintendo is resuming production. But the good news? It seems Nintendo is producing an SNES Classic. Managers at several GameStop locations say the unreleased console is very real, and also a marketing ploy by Nintendo. We have heard rumors about this before. Nothing is yet official, but Jonathan Holmes over at Destructoid did speak with several GameStop managers who spoke off-the-record about... Read more...
New and used games retailer GameStop has found itself in a bit of a rough patch these days. The company recently reported less-than-stellar fourth quarter results and is planning to close at least 150 brick-and-mortar locations, and perhaps as many as 225. That is on top of the store locations it closed just a few years ago. While it deals with ways to increase revenue and profits, it now finds itself investigating a potential security breach that may have compromised credit card and customer data. Security hound KrebsOnSecurity heard from two unnamed sources in the financial industry that they received alerts from a credit card processor indicating that GameStop was likely hacked sometime between... Read more...
Nintendo deserves credit for recognizing there would be a market for a hybrid game console, one that can be docked in the living room for playing games on the big screen TV and played on-the-go via its built-in LCD panel. There was skepticism leading up the Switch's launch as to whether the market would be receptive to such a dual-purpose design, but if Nintendo had any concerns, they were put to rest when its newest console became the fastest selling system in its history. As to what the future holds, Eric Bright, senior director of merchandising for GameStop, believes the Switch has a fighting chance of usurping the Wii altogether in sales. The Switch already has, in terms of having the most... Read more...
This might come as a surprise to, well, absolutely no one, Nintendo appears to be dealing with a shortage of its new hybrid Switch console almost a full month before it even releases to retail. Anticipated supply is so far behind demand that reports are surfacing of major retailers cancelling pre-orders. Among them are Target and GameStop, though the latter has since issued a statement denying that's the case. "GameStop has not, and is not, cancelling any Nintendo Switch pre-orders due to allocation issues. We are working very closely to confirm and validate any and all pre-orders of this innovative gaming system. Should any customer who pre-ordered a Nintendo Switch console from GameStop experience... Read more...
The NES Classic Edition console is one of the hottest and hard to obtain toy items this holiday season. Nintendo and its retail partners have been selling out of every unit produced, which in the United States came out to 196,000 of the miniaturized consoles in November, according to data collected by industry tracking firm NPD Group. That is an impressive start for the NES Classic Edition, though it did not come close to meeting demand.Stores that receive stock of the retro console have been selling out of whatever inventory they get in matter of seconds. At brick-and-mortar locations, any advance announcement of having stock at a particular day and time leads to people camping out in front... Read more...
The NES Classic Edition game console is this year's Tickle Me Elmo, only it's not just kids who have it on their wish lists, it's adults too. And just like the Sesame Street doll, Nintendo's retro-themed miniature game console is sold out everywhere, save for second-hand sellers who have gone and jacked up the price on places such as eBay and Craigslist. If you really want to grab one in time for Christmas, you can pay a grossly inflated price, or you can try your chance at Toys R Us tomorrow. Toys R Us is kicking off its Christmas sale bonanza on Sunday. It's a week long event featuring an assortment of toys and electronics, including the NES Classic Edition console and Hatchimals, another of... Read more...
The Internet can make it sound like GameStop is one of the worst things to ever happen to gaming, but with the company's latest move, that mindset could very well be reversed. That's because with its new "GameTrust" venture, GameStop is looking to help make the process of publishing games a lot easier for indie developers. We've all heard that kind of promise before, but considering the fact that Trine's FrozenByte and Deadlight's Tequila Works have already signed up, GameStop must be doing something right. While GameTrust is in effect a game publisher, it's going to be operating differently than most. A big example of how is with the company's own creative input. In effect, it won't have any.... Read more...
Everyone and their uncle is on the verge for releasing a virtual reality (VR) product to retail. Case in point, Oculus is taking pre-orders for its Rift headset, the first batch of which will ship in late March, while pre-orders for HTC's Vive will kick off later this month. Then you have Google toying with a second generation VR viewer of some kind, and of course Sony is prepping its PlayStation VR platform, which now looks like it will debut this fall.Sony hasn't exactly shied away from talking about its PlayStation VR headset—it's built specifically for the PlayStation 4 console, sports an industrial, visor-style design, and pairs a Full HD 1080p LCD display with a uniquely developed optical... Read more...
If you've been looking for a justification to upgrade from your aging console -- say a PlayStation 3 or Xbox 360 -- to a PlayStation 4 and are a fan of the Fallout series, then congratulations, the stars are aligned in your favor. That's because you can kill two birds with one stone by purchasing a PS4 console from Best Buy or GameStop, both of which will sweeten the pot with a free copy of Fallout 4. Here are the details.The cheapest and highest value option at Best Buy is the 500GB PS4 with Uncharted: The Nathan Drake Collection for $350. In addition to a voucher for Uncharted: The Nation Drake Collection, Best Buy will toss in Fallout 4 and a Power A Charging Station for the included controller.... Read more...
Unless you've found a spectacular deal, there's really no reason to buy a game console that doesn't come with bundled extras, usually in the form of a free title or two. Sometimes the game bundles come in digital form, which means you won't find them at GameStop. That's because GameStop has made it a policy to not sell console bundles with digital games. The games retailer will only carry game bundles with physical copies, and if only a digital bundle exists, it will work with companies to include one. This is what took place when stores were selling Xbox One and PlayStation 4 consoles with a digital code for Electronic Arts' Madden NFL 16. To ensure GameStop didn't miss out on the promotion,... Read more...
You know what they say about one man's trash being another man's treasure, and if you're sitting on a collection of old school game consoles that you want to get rid of, GameStop will soon accept them as trade-ins. The pilot program will kick off in two of GameStop's markets, New York City and Birmingham, which include around 250 store locations.Beginning April 25, 2015, GameStop stores in those markets will accept retro game consoles, games, and select accessories for systems dating back to the original Nintendo Entertainment System. That means you'll be able to trade-in and/or purchase systems and accessories that include the NES, Super NES, Sega Genesis, PlayStation, Nintendo 64, and one of... Read more...
GameStop is fast becoming more than just your local one-stop shop for new and used games. Accessories abound, as do mobile devices like Android tablets and iPads. In addition to all that, you'll soon be able to walk into a GameStop store and emerge with a no-annual contract service through Cricket Wireless. Following a successful run in trial markets, GameStop and Cricket Wireless are ready to attack all of GameStop's more than 2,800 retail locations in the U.S. It will be a phased roll out beginning next month and completed by the end of October. Image Source: Flickr (OrangeShooter) "GameStop is committed to providing our customers the greatest value and service to meet all their video game,... Read more...
GameStop reported a 25.1 percent increase in total global sales to $1.73 billion for its fiscal second quarter of 2014, up from $1.38 billion in the same quarter a year ago. Consolidated comparable store sales increased 21.9 percent, and new hardware sales skyrocketed 124.8 percent as demand for Microsoft's Xbox One and Sony's PlayStation 4 consoles continues to be "very high." Looking back, it's hard to believe that there was ever any concern over GameStop's immediate future, but there was. Prior to the Xbox One launch, Microsoft flirted with tying game discs to Xbox Live accounts and leaving the fate of the used games market up to publishers. That didn't happen, and not only is it business... Read more...
Maybe Microsoft gave GameStop a scare when it briefly flirted with ditching optical discs in favor of streaming games from the cloud for its Xbox One console or tying game discs to specific systems, either of which would have a put a serious dent in the company's used games business. Or perhaps GameStop realizes there's a ton of cash to be made in mobile. Either way, the future of GameStop includes less game stores and a bigger retail presence from its mobile properties. According to Games Industry, GameStop CEO Paul Raines is calling this initiative GameStop 3.0. It entails opening between 200 and 250 AT&T-branded "Spring Mobile" stores, which would more than double the 164 locations it... Read more...
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