Gamestop no longer worth investing in

Why didnt you just buy a pro card?

>"Investors are wondering whether it’s game over for GameStop Corp.

For the first time since the electronic and game-store operator began reporting goodwill data in 2001, the company is worth less than book value. GameStop has fallen the way of other brick-and-mortar retailers, with declining foot-traffic and an uptick in online gaming weighing on profits."

bloomberg.com/amp/news/articles/2018-02-13/gamestop-slips-below-book-value-as-outlook-for-retailer-worsens


Are you going to miss FUCKING GAMESTOP?

The only thing gamestop is good for is for buying old Xbox360 and PS3 games dirt cheap.

No. Fuck Gamestop. They consumed all of the local shops, thought they had the market cornered, and fucked the consumer. They deserve to fail.

5 years until gamestop nostalgia threads

>the retailer that killed local game shops is gonna meet its demise
my dick is diamond

its like the end of return of the jedi

>pre-order exclusives will die in your lifetime

groovy

I did get a good chunk of my games from there as a kid, but at some point I decided to trade in about 6 games and they gave me ~$10 in trade-in monopoly money.
Local shops have better deals anyway.

Going to trade in an original Xbone i got at a yard sale last year for $30 for $150 and buying a PS4 Pro. So yeah, thanks for the last time Gamestop

i'll miss the awkward and often humorous encounters with other gamers. but lately they've been pretty lax on their hiring standards. though they still somehow have better service than most other retailers. the entire world is fucked.

Everytime I send my mom to pick up my games while I'm at work she always wastes fucking money on shit like replacement disc warranty and disc cleaner. I hope it fucking dies so desperate fags can sell cheap shit locally rather than have basic gaming equipment marked up value just because they removed roaches inside the console.

Amazon is just too convenient.

>won't have to drive 25 minutes for a fucking pokemon that they might just claim they ran out of codes unless I preorder something.

Good. There's a chance those pokemon code cards will just start going to best buy or something, but at least there are one of those nearby. I hate seeing retail die, but gamestop can be forgotten for all I care

>but lately they've been pretty lax on their hiring standards.

Idk, seems the standards are pretty much the game to me.

Every gamestop I have ever been two has the same two people working in it, a fatass nerd with a neckbeard and some gamer gurl chick with colored hair. And the manager is always some soccer mom.

Nice, hope it burns in hell.

Gamestop isn't the only place that offers pre-order exclusives you know. Hell pre-purchasing games digitally gets you them now

>been two
brb killing myself

And you actually save money on pre-orders

There is literally no reason to use GameStop over best buy. GCU is seriously an amazing deal for what it is, you have to buy like two games there for it to pay for itself. And it's better than Amazon Prime because it works for all games and not just preorders.

i hope gamestop burns and mom & pop game shops become more common

they are losing because they are annoying assholes who try to push pre-orders for games you don't want and tack on warranties for everything in the store. You can buy the same games elsewhere without some nerd trying to upsell you another hundred dollars worth of crap. Gameshit dug themselves this hole

>not fooling a clueless grandma buying a console for her grandkid into thinking it is a One X, for 160 dollars

my gamestops have always been well staffed, occasionally a useless stoner would creep in but mostly they're easy to talk to, and informative. the past couple of years though, they've had a lot of kids who just told me lies straight to my face, and i sometimes have to explain their own deals to them which i never had to do before.

There's no reason to use Gamestop aside from the occasional good deal. They always charge full-price for new games, so you've better off using PSN or XBL and getting them digital

gamestop is a ripoff of course they're going out of business

>dumb,asshole high school kid
>go to gamestop to sell NFS most wanted black edition for weed money
>dude offers less than $2
>says hold on
>comes back
>”because it’s the black edition I can give you $5
>make some cringey joke about him liking black edition in his ass
>kicks me out
still have the game to this day.fucking gamestop

Why would you pay any money for an Xbone to begin with?

Bought it for Forza Horizon 3 and Master Chief Collection. FH3 was great, but i'm finished with it for now. When i get the urge to play it again i'll just buy another cheap Xbone since i have my save on an external drive. MCC still has issues, so that's a shame

>and i sometimes have to explain their own deals to them which i never had to do before.

Fucking hate this shit. They would always be completely clueless to their actual deals they advertised in their print ads or online. Or they would feign ignorance. You think they would have a print ad in the store, or they could just look up the deals, or I must have been the first person that brought that deal up to them, but whatever, it made me stop going there when I didn't want to make the long drive back so I would just buy shit at the normal price instead of the advertised sale price

This

At one point in high school I decided to sell a few games, they wouldn't tell me how much it make me before taking them so I figured it'd be at least around 50$ (there were 14 games I sold at once)
I got 20$ and vowed never to give another penny to those jews.

The two closest to me smell like absolute shit the moment you open the door. They should work on that, I think

Game trade-in values are based on aftermarket demand, and games have their highest trade value within three weeks of launch. So if you're trading in a bunch of NFS or Madden games from 3-5 years ago you won't get dick.

i think they feign ignorance because this usually occurs when a free game is part of the deal.

They also canceled that rental program where if you pay like $60 a month you can rent out any used game.

That was probably the only thing that could have saved them.

Then again I guess you can use Redbox for that.

to be fair Redbox only carries like 4 games at a time

they'll buy a game for 8 bucks and put it on the shelf for 30. they're dirty shysters and they know they're one of the only places that gives cash for used games.

This.

Got Heavy Rain, Odin Sphere and Lollipop Chainsaw for a song with one of those last gen sales.

They just fired their CEO and a bunch of execs too.
I guess they are trying to save it but its too late. Good riddance, RIP in piss

Why don't you sell your game for $29 to someone else and cut out the middleman?

because i don't want to meet weirdos from craigslist in some parking lot and get shanked/raped.

Yeah, how else do you think they make money? It's basically flipping. Seriously for everyone who complains about Gamestop has it ever occurred that you're better off selling it to someone yourself? Hell i would tell people trading in 5 or more games to just use Ebay if my manager wasn't around

t. former Gamestop employee

>"Hi can I pick up Bayonetta 2 on Switch"
>"Oh sorry dude we didn't order any shipments of that"
>Bought 4 eshop cards instead
I guess they prioritize whatever new Rick and Morty Funko pops are being made over games, huh.

I hope they finally pack it up already. It's just too shitty.
I moved to a place with a local shop last year and it's better quality, selection, prices than I've ever encountered anywhere.

you would still make a massive profit buying the same game for 15 or 20 bucks. everyone in the country goes to you to trade in their games, virtually nowhere else.

hell no

>tfw I ripped off gamestop for years with the 360 towel trick trade-in deal

I'm partially responsible for them losing money

With their shitty consumer policies they deserve to go down in flames. I can't wait for the store closing sales.

>original xbox one
>$150 trade value

OK

>tfw going to gamestop solely for buying steam cards

Then $21 is what you pay to avoid that experience, and that's the way it's always been.

No seriously, resalers have pretty much always bought at 30-50% of the resale value, it's how they can protect themselves from depreciation, and in Gamestop's case it barely does anything when yearly releases mean a game that they paid someone $20 for sits on a shelf for 2 years without selling and finally sells for $4.99.

>wow why am I not getting full 2nd hand value for doing less work
Your lazy ass is paying the middleman a $21 charge. You want that extra money? Go do it yourself.

I'm gonna miss those 5-10 dollar used games. Had a few fun summers for 50 bucks at most.

>live in CA
>see game stops run rampant
>become 2017
>three small independent game stores selling retro (basically anything X360 and older) games and consoles
>business booms
>game stop left behind
feels good

>Are you going to miss FUCKING GAMESTOP?
A little bit.
FUCKING GAMESTOP was the only reason that I went to my local mall for the past 15 years.
Now I'll just get my vidya from online and have my monthly asian take out food elsewhere.

I live in Ireland and my local Gamestop is a ghost town, I went over there yesterday to pick up Bayo 2 on Switch and I was the only one there, keep in mind this is Friday after school hours, when all the kiddies arrive to pick up a used copy of Fifa or something.

It's not looking good, nobody cares about any of their shitty deals or "such a nerd XD" T-shirts either.

GameStop and other resellers are completely in the right for buying stuff at low prices and reselling at high ones. They take on the risk of having the item that they may or may not be able to sell, and only by buying and selling the way they do can they make a reliable profit. This model just doesn't work anymore, however, because it's far too easy to find a buyer using online markets. There is no longer any risk in having the good because it is so easy to find a buyer. Thus, GameStop should raise the price at which they will buy used games. They can't do that, however, because then they can't meet an acceptable profit margin. Their business model is fading away and will never return to where it was.

But that isn't always an option, I just find sometimes selling things to be online and there is a lot of things with online that are still quirky. With something like gamestop it's pretty much you hand over your games and forget about it, it's as simple as that and they pay you upfront and you no longer need to spend another thought on it.

With online selling, a lot of shit can go wrong. First packaging costs isn't always accounted for you may have gotten too little to cover the cost for delivery so it cuts into your own profits, the item may of gotten lost or damaged during delivery, the buyer may chargeback and cancel the order.

If it's on pickup, you may run into a weirdo, you may not be home on the day for them to come and pick it up when it's convenient, they may also be late to come and pick it up and you have someplace to be.

yearly releases are the exception. they pull the same BS with any and all games that fall into their clammy grasp. clearly they have some kind of policy where they do not offer more than 25 dollars for a game of a certain age, even if it's still worth more than that.

>not just going to walmart instead

>yearly releases are the exception

By volume, they certainly are fucking not.

Do you know how many copies of Destiny, Madden, Call of Duty, Fifa, NBA 2k, go into a Gamestop and never come back out? Compared to copies of say, Pokemon Heart Gold/Soul Silver?

I didn't believe it either, but even Gamestop pulls through sometimes

>my face when I walk into gamestop because I work there

>Wow, our business is failing.
>Better keep doing what we're doing but more aggressively.
Is this just a baby boomer thing or just a rich people thing in general?

I've never had this issue getting the Pokemon cards. Hell, when I went in for the shiny Silvally the guy gave me about 6 of them because they couldn't get rid of them.

I buy most of my games at my local target. Since most electronic and even superstores sell games how long can mono-game and even mono-recent games last?

Neat. Might trade in my original PS4 then

And they killed EB, Babbages(which had the best selection of games and peripherals) and Funcolans

i don't live in burgerland so no wallmart

Where? Hope it's near me.

To be fair Gamestop has had a massive pivot in the past 4 years to other ventures. Their ThinkGeek subsidiary actually does solid numbers, and they operate a few prepaid cellular phone outlets. Hell if you went into a Gamestop today the place is crammed full of t-shirts, figurines, megabloks, Minecraft swords, and other tech/'nerd'/game apparel

The problem is that the people who did that already made their money and left. The people there now are just in it to squeeze the last drops of profit out of the company's corpse.

It's more boomer-like to just blame millenials for anything that doesn't print money the way it used to.

Yeah man. It's sure as hell working for Sears

I don't know why gamestop would even buy used sports games. Beyond retarded, and it floods their fucking website whenever I'm looking for used games as part of a sale.

What is that? Something to do with disabling the red rings?

At my store we would literally go out back after close and just smash discs with a hammer. At one point we had maybe 138 copies of various Madden titles and around 90 copies of FIFA games (due to the manager messing up and putting them in wrong boxes). Call of Duty games (MW2 onwards usually) are the exception to yearly games, because we can sell those just fine. Now that some of the 360 ones are BC it helps

This. I can't wait for local gameshops to come back.

>have to rely on amazon now
>an online store that is absolutely fucking terrible everywhere except places that have a warehouse closeby

I don't even fucking care what you faggots say, having a dedicated game store closeby to me was great for getting games the day of release. Amazon doesn't give a fuck about you unless you live in a place where they can make an easy delivery, otherwise, all they do is lose packages or take 2 weeks to a month to deliver them.

>x1x $350
They are stupid

Go digital or go to Target/Walmart then

Gamestop is literally the worst option

>tfw digital just keeps getting stronger and stronger
Fuck. I love physical CDs. They're the best in everyway and don't take a gorrilion space on your hard drive.

Kek. You can't even think of doing this shit now as they take a copy of your ID and fingerprint for every trade-in.

It was a way to temporarily fix an RRoD 360. It would make your system work for maybe a week or two longer, but damage the system even worse than if you had done nothing.

Woops, meant for

That's the only reason I ever go there. Buy cheap niche 360/PS3/Wii games. Usually flip the rarer ones online for a decent amount. Waiting for them to start selling Vita and Wii U for cheap.

Too bad Xbone and PS4 makes you download the game even with the disc before playing it. The disc is basically nothing more than a license checker. Even on console now there's little reason to go physical beyond sentimentality.

if they are giving you shit prices for your shit game, then yes, its WORTH that much

its probably rotting on the fucking shelf at 17.99 used dumbass! i don't get why you faggots think your 7th gen shit is worth anything in 8th gen days, especially 7th gen games as a whole.

at least they take retro shit and give decent prices because retro stores and collections don't want to pay 10% off second hand market values...THAT THEY SET UP.

>Gamestop is literally the worst option
Why? I honestly don't get why people just have a barebones for Gamestop for no reason.

not anymore
recently, i can't get rid of even good common games for retro systems and i HAVE to bundle my 1-5 dollar shit games in when i sell stuff because i will NEVER FUCKING MOVE IT.

i see this all the damn time at game stores, its like, shit you have a ton of stock you are never going to move!

Go to your local pawn shop and you will find PS3/360 games for even cheaper.

I recently had one of their awkward neet female clerks give me her gamer tag so I could friend her on PSN

It was like the gamer equivalent of getting a girl's number, but more sad

>barebones
Meant hateboner. Fucking autocorrect

too bad 99% of pawn shops have JUNK fucking 7th gen left, even then, most 7th gen shit is on ebay for like $30 tops

none of the 7th gen games are worth ANYTHING like retro 3-6 gen shit is.

Why would I? Walking into one has always been an unpleasant experience and I never bought new games from them, only used. Now it is pure cringe inside those stores with more than half the space reserved for Funk Pop trash and LOL I'M SUCH A NERD t-shirts instead of games. No wonder they are going under when they aren't even focused on selling what they exist to sell in the first place. Best Buy has always been the better alternative for buying games. Back in the days when stocking new games was actually an issue and pre-ordering mattered to guarantee getting a game at launch, Best Buy always had way more stock. And now they have way better prices and deals with the gamer's club discounts.

>Have to preorder to get anything on launch most of the time unless its something more niche
>New games are not new, they take shit out of the film and throw discs in paper sleeves
>Always try to upsell you shit, takes an extra 5 minutes to check out while you keep saying "Not interested" over and over
>Entire interaction is being pressured to buy more shit the second you walk in the door

I could go to Walmart, get a new game that is actually new and unopened, and not be told to buy a card/magazines/preorder/disc insurance/extended warranty while I get it.

Why would you want to go have an objectively worse experience?

>not true
>not true they put used games without boxes in stuff like this
>not an issue unless you're autistic
>not an issue unless you're autistic

I bought Persona 5 on PS3 new for $30 last week, which was the 2nd time in 5 years i've been into a Gamestop that i can remember. The other one was 2016 when i needed a new controller for my PC and almost everywhere was sold out of Xbone controllers

Shout out to the nigger at gamestop that stole my River city ransom for gba when i attempted to trade in a flawless Phat Nintendo ds and they only offered $6. RCR never left my gba slot

Gamestop carrying niche/weeb games was actually a good thing. Back in late 2008 when P4 came out you could only get it from Amazon (which wasn't the ubiquitous juggernaut it is today) or Gamestop (usually if you pre-ordered)

they tell you that so you buy pre owned copies instead, they always have new games on release date

>Traded in a copy of ALTTP on GBA I got off ebay that was more then likely a bootleg. It worked fine, but still.
>Also traded in a copy of GTA: Liberty City Stories on PSP that was scratched to hell and the UMD case was coming off (Nothing I did, got it used before that).

I still kinda feel bad about it.

people on ebay and similar sites easily pay double of what gamestop would give you and online stores sell 7th gen games for 20usd and more.

gamestop is only good if you want to sell your games right now and be done with it, thats the service they offer and thats why they give you next to nothing for your games.