GameStop closed 52 stores in past three months

Retailer ended quarter with 6,505 stores worldwide after closing and opening outfits in United States and internationally.

GameStop closed 52 stores across the world during the quarter ended August 3, the retailer announced during a recent earnings call. The company also opened thirteen stores globally.

"We ended the quarter with 6,505 stores," GameStop chief financial officer Rob Lloyd said. "We opened seven and closed 46 in the U.S., and opened six and closed six internationally. We still expect to reduce our store base by about 2 percent this year."

GameStop announced in February that it plans to close 250 stores total in 2013, reducing its overall global footprint by 2 percent after opening, shuttering, and acquiring stores.

GameStop saw revenue fall for its latest quarter, noting sales have been negatively impacted by consumers holding out until new consoles arrive later in the year.

Between the Xbox One and PlayStation 4 launches in November, GameStop is expecting the "largest console launch in history" this holiday season.

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Discussion

424 comments
YukoAsho
YukoAsho

I love how everyone's cheering for GameStop to die out.  Why, so you can get your games at Wal-Mart?  Yeah, good luck getting the ignorant tool with the keys to open the glass.  50/50 on that person speaking English.


And OF FREAKING course they were going to close up some shops.  With all the buyouts they did in the 90s and early oughts, they just had too many stores.  No joke, I can WALK a half hour from one GameStop to another in my neighborhood, and a nearby mall has two of them.  They have to trim the fat, it's just common sense.

the_turnip
the_turnip

Good I hope it's the beginning of the end for them.

doublelayer26
doublelayer26

Gamespot is the place to go for used console games for many.  Almost always buy used. If  new console games sold for PC prices($49.99) it would be different.. Not so for  the PC, having spit into the face of PC gamers years ago. The only PC games you see in Gamespot these days is a preorder someone failed to pick up. Don't really need Gamespot anymore I have Amazon/Ebay for used console games and Steam/GOG/Origin and other DD services for my PC.

rockshinigami
rockshinigami

Why are all of you complaining about the trade in values?  you have a store, where you can buy games for any console, for 5$ to 30$ at cheap prices used. Instead of full priced games, as well as extra peripherals, and some other fun stuff.  

Or, does everyone secretly want to spend full price on games a year or so after they've been out? huh.

johnpombrio
johnpombrio

Have not been in one for years. Of course, I do not buy used games.

00black
00black

Good, maybe they'll fall victim to their own success. The way Gamestop changed the industry of gaming is unforgivable. 

anonymous4ever
anonymous4ever

So you morons are expecting Gamestop to pay you top dollar for 4 year old crappy Call of DOODY games, previous year sports releases, and other garbage?  

LEARN ECONOMICS PEOPLE.

MattyTheButcher
MattyTheButcher

They pay less and less for used games based on how many copies they have collected. So if they have 200 copies of Madden 2013 and you keep trying to sell them more and more, for them to have any chance in hell to turn a profit and without refusing the customer they can only offer your 2 bucks. I mean honestly they could just refuse you. Realistically before Madden 2014 comes around they might sell 15 copies of 2013 and the rest of those copies are now garbage, and their company probably paid out 400 dollars that they are going to lose on it. From an individual perspective 2 dollar is you getting ripped off, but if you understand how business works, they are paying you the most that they can without just lighting dollar bills on fire.

sin909
sin909

Good thing i h ave a guy at my flea market where i can make even trades for my ps3 games. Thats why DRM sucks because i wouldn't be able to do this.

ZeroX91
ZeroX91

You know I would like say good....but considering I'm actually paying my own bills now and need a better than minimum wage job to support my habits and keep going to school it just means more competition on the job market...

rodd76dog
rodd76dog

may I add MW3 sells for $25.00  madden 13 $ 25.00 soul cal $17.00

rodd76dog
rodd76dog

gamestop is a rip-off!! they offered  me $1.12 for MW3,  $2.10 for madden 13,  and $0 .75 cents for soul cal.  yesterday,  I refused.  You guys talk about used games and stuff;  why support yourself getting owned. 

SweatySasquatch
SweatySasquatch

I think this article should read, " Gamestop gives you 52 cents for every game they sell back to someone else for $52,and this deal, for extra 30% trade in value, is only good for 3 days".

Thesuperstar2k
Thesuperstar2k

Ehh. Gamestop becomes a bit cheating. I a little glad that the stores are closing. Don't really care for it anymore.

Gargus
Gargus

52 that's it?

That's nothing for them. I can literally stand in my town and within a 1 mile radius be at 3 separate gamestop stores in like 2 minutes. Hell I saw a strip mall once that had a gamestop on each end, I could walk from one to the other in less than 5 minutes.

SlayerX13
SlayerX13

Gamestop isn't the best at locations.

When I was manager it was in one across the street from the mall.  Then there was on inside the mall, and on the other side of the mall,  and I passed two on my 15 minute drive to work. They could stand to close a few locations. :p

Bartosz Majchrzak
Bartosz Majchrzak

Is it just me or it looks like they are bragging about it? Good going btw.

Wolfkcing
Wolfkcing

They'll probably be Ok. Those big corporations have a lot of hit points. 

I don't shop there anymore. I know they are well within their rights to make millions off used games and not give a damn about developers but I'd rather not support them in doing it and give my money to the developers.

Shmiity
Shmiity

Gamestop is doing just fine. They probably just closed some of the stores that overtook EB/Funco. There are too many Gamestops close to each other in some locations.

chefbake14
chefbake14

And to think, if Gamestop wanted to they could flood the market with all the Retro games and systems that are just sitting in 20 something warehouses collecting dust.  Bring back funcoland.

Chris Reinhart
Chris Reinhart

Good Riddance....really I dont know how the store is in the US but here in Canada their money grabbers and cheap skates

Meggie Fung
Meggie Fung

I prefer to order games from Amazon. Besides Gamestop are more expensive and less costumer friendly...this is at least my own opinion

Samantha Smith
Samantha Smith

i always traded things in for store credit.during trade in bonus days, and bought steam cards with that credit. i got a higher percentage and didn't have to go through the hassle of selling things individually online. i am over console gaming anyway.

Naz Ridzuan
Naz Ridzuan

lol in brunei, there are very FEW gamestores here

hishamramzan
hishamramzan

still sucks that there is no gamestop stores in kuwait

Barry Powderly
Barry Powderly

they are way overpriced in Ireland, it's a shame so many jobs are lost but if you are not competitive this unfortunately is going to happen

Erik Hicks
Erik Hicks

I like being able to browse through the stores and buy stuff same-day. I really hate the aggravating employees though.

tightwad34
tightwad34

And such is the nature of business. I just wonder when the internet is going to kill their business as it has done so many others.

Kyle Cain
Kyle Cain

ha ha ha surves them right carmia is a bitch

EbenOlemaun
EbenOlemaun

@YukoAsho I was with you up until you devolved into racism. Set yourself on fire, seriously.

WolfgarTheQuiet
WolfgarTheQuiet

@the_turnip why so heaps of people loose jobs, plus more coming with people buying digital copies, as a game collector i hate that, i want to able to pull out some PS4 or PS5 games in 30 years time and say to some young cunts this is what we played back in the day,gaming has always been about collecting copies of some great games or all of them

hitechgraphs
hitechgraphs

@doublelayer26 Yeah Gamespot should be turned off, they have a terrible customer support and that long lines are awful.;)

gf61
gf61

@rockshinigamiGreatest Hits, Platinum Hits $20 a yr later. GS never orders any new product, why when they can keep reselling the old launch batch. GS never drop (new) price to sell max used price.

BlazingSpeed
BlazingSpeed

@anonymous4ever your absolutely right case in point 6 years ago I brought Marvel VS Capcom 2 from Gamestop for $60 played it for a year then went back to Gamestop. 

Gamestop said they would give me $10 for the game so I went onto  E-bay and sold that sucker for $80.

ECONOMICS LESSON LEARNED,


gf61
gf61

@anonymous4ever Remember when annual copies of last yrs game would be $5-$2 dollars by the next year.

anonymous4ever
anonymous4ever

@rodd76dog Gamestop, like all businesses, are about making MONEY, not catering to your entitled ass.  You should be lucky they are offering you anything for last year's crappy Madden, or a four year old "Call of Doody" game.

Take some basic Economics courses, and learn how a business operates.

Addict187
Addict187

@rodd76dog  You would have to pay me to take those games off your hands there old and outdated. 

jenovaschilld
jenovaschilld

@Gargus Same here, when Babbage's and Electronic Boutique merged to become Gamestop, the two competing stores just put up a gamestop sign and continued business. Both stores where in the same mall, LOL. 

Now with online, large franchises (best buy, walmart, target, etc) taking preorders and really taking gameing seriously - two stores that close will have a hard time surviving. Unless they are both owned by the same person who bought a gamestop franchise. 

David_Boreanaz
David_Boreanaz

@Wolfkcing I agree 100%. I may not buy a game on release day (usually wait for a $20 amazon price drop) but I always buy new unless it's impossible to find new anymore and even then I'll go through either eBay or Amazon marketplace, I refuse to give GameStop money for used games. Also half of the used games they take in are so scratched they're almost unplayable, it's like they have no standards at all.

kizzle32
kizzle32

@darrenfps I mean I agree with you on some level that trade in value is shoddy at best on some games, but if you trade in a decently newer game they tend to give you 40-50% of its new value, and if you have a rewards membership even more...as well as trade in bonuses toward certain things.

A used version of anything and especially a game that is 6 weeks old is $54.95 ($49.95 for rewards members) when its new for $59.95. I think if its used it should be at least 30-35% off the retail cost new.

But, then again, I suppose if they sold games that new for only $39.95 a lot of new game sales would suffer as most (including me) would wait a few weeks to buy it used. 

It's all business and I think they have a decent model going, I enjoy doing business there as my old games would only collect dust if I didn't trade them in and I do like buying a used game that is a few months old that I never tried for only $40 bucks.


David_Boreanaz
David_Boreanaz

@Meggie Fung Totally agree with you there, usually within a month after release the games drop $10-$20 on Amazon anyways while GameStop still charges full price for them. Also when I purchase used on amazon and they have the description of "Like New" or "Very Good" they are always in mint condition where as with GameStop they almost always look like they were used as coasters, and on top of that they're usually $10 more.

talshiarr
talshiarr

@EbenOlemaun @YukoAsho Oh look, another person with no defense crying 'racist' over someone simply pointing out that stores hire people incompetent in the primary language of the nation.

gf61
gf61

@kizzle32 @darrenfps Sell them yourself or go to a mom and pop (private) store pay you for more for them.

silvo16
silvo16

@talshiarr @EbenOlemaun @YukoAsho Yeah they have to since the people who are competent in the primary language dont wanna work. Btw, English is the primary language but not the official, so it can change anytime to another language.