Since they’ve become a partner with PSA (card grading), they’ve made so much money, it makes sense. PSA has a 10 MILLION backlog and ones submitted through GameStop were less expensive and quicker grading times… They’re making so much money
The general strategy for GameStop according to all the people in the comments is that they should tell the media that they’re completely screwed and will just give up. How dare the CEO try to make it sound like his company is going to continue being successful. Absolutely appalling
Idk why everyone is making fun of this. Sony made it very clear that games are going all digital. Gamestop has to take it seriously and they have been pivoting to collectables for a while now, so they are clearly on top of this. Maybe the pivot works, maybe it doesn’t, but they aren’t just sticking their head in the sand and pretending everything is fine.
What the hell even is our economy anymore?
AI speculation.
I mean, I don’t know that he’s wrong. It’s just weird to hear someone say it.
Memes, mostly. Lots of memes.
Edit: just noticed the weird box. I’m too lazy to redo it.
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The GameStop that was nearest to me closed months ago.
GameStop has a shit load of bitcoin, they gonna be alright.
“Software, it mattered in the past. Software today makes up less than 12% of the business, and collectables makes up over half the business. So, it’s totally, totally irrelevant.”
12% of your business is no way anywhere near “irrelevant.”
It depends on the growth, it it’s 12 and falling it’s irrelevant.
The 12% is the reason people come and buy the other 88%
Nintendo sells more in merch than in software, they should stop too
They’re not going to stop selling games, it’s just gonna be code cards now. They’ll still work out deals with the publishers for exclusive sales, and of course they’re still going to be selling consoles and handhelds.
It’s going to be irrelevant, why bothering going in a physical store and get bombarded with upsells to get a GS+ subscription for getting just a download code that can be downloaded from your couch?
Download codes are the reason the PC section in all game stores is missing or extremely tiny
Because not everyone has or wants credit cards. Children can’t get credit cards. Code cards are also useful for gifts.
I think you are right that even less people will buy them than physical games, but I don’t think they will be irrelevant.
To be fair, GameStop has essentially become an overpriced merch retailer.
I’m honestly surprised they haven’t merged with Hot Topic.
They did buy out ThinkGeek, so… very close.
I still miss the ThinkGeek of old, back before they even had stores.
They have stores?
they did briefly in the late-2010’s. They only sold the most kitschy mass-produced items.
So that’s where that went.
I never bought anything but it was fun seeing the items
GameStop beat out Hot Topic in bidding for ThinkGreek, with a winning bid of $20/share compared to Hot Topic’s bid of $17.50
Are they going to sell gyros now?
Coincidentally, GameStop is also irrelevant to Games.
Coincidentally, GameStop is also irrelevant
to Games
I mean I can’t remember the last time I purchased a games let alone at GameStop, that place is for stocking stuffers, random merch, and maybe a used controller.
I used to buy switch games from there because I don’t trust Nintendo not to do stupid shit with digital purchases or turn off their store.
Now that switch games are just key carts I’m not sure I’ll be back in
Literally why the only game carts I buy are any with the game still physically on it, like Mario Kart, Party, and Xenoblade
No worries, our plan is just to become to games what Hot Topic is to music.
Game? Stop!
No, money down!
Where’s that from again? Somehow I hear Will Arnett saying that.
I remember seeing it from Lionel hutz in the Simpsons voiced by Phil Hartman RIP
Used games account for over 20% of their revenue.
This information is publicly available as they are publicly traded.
This claim is a an insult to the average readers intelligence.
He is saying it’s irrelevant to the future of the company. Obviously it still has material impact on the current revenue. Sony is going to stop selling disks by 2028. So, new software essentially has to be materially irrelevant by then and used software will likely drop consistently after.
These days, they are an insult to gamers.
Makes sense. The last 2 times I was there for a recently released game, they didn’t have any copies and berated me for not pre-ordering.
Back when I commuted to the office, I’d stop into Gamestop pretty much daily. Got to know the manager pretty well.
I was surprised to find out that Gamestop purchased a pre-set amount of games for new releases, and allocated based on pre-order numbers. That meant that a pre-order wasn’t even an order. Your order could be one of one, and thus the store gets nothing from the delivery. Absolute insanity.
