GameStop profit plunges despite surging sales

Summer doldrums, EB Games merger cause retailer's Q2 earnings to fall 40 percent, even as sales spike 43 percent.

by

Although GameStop's sales jumped an impressive 43 percent during the second quarter of its fiscal year, the game retailer posted a 40 percent drop in profit, a larger drop than expected. This morning, after GameStop reported earnings for its May-to-July quarter, its stock price fell almost $2, or about 4.15 percent, as of press time.

The retailer's sales rose to $963.3 million from $415.9 million, but the company's cost of sales more than doubled, to $664.1 million from $287.8 million. GameStop's profit fell 40 percent, to $3.18 million from $7.9 million, but the company saw a glimmer of good news as its used-games business grew 9 percent over the same quarter last year.

Of course, at the same time last year, GameStop--the largest video game retailer in the United States--was not carrying out a merger with former competitor Electronics Boutique. The separate GameStop and EB Games inventory systems were combined in March, and now the two brands' retail stores are connected to operate under "a single replenishment system," said president Steven Morgan.

"These completed tasks essentially end the integration of GameStop and EB Games," he said during a conference call with analysts this morning. "What now remains is the fine-tuning, enhancements, and the physical rebranding of our stores. But this organization is now officially on one system, one field organization, as one great company."

Citing strong sales of the Nintendo DS and the Xbox 360, GameStop said that Nintendo's New Super Mario Bros. and Electronic Arts' NCAA Football 07 were its two best-selling games during the quarter. The company expects next week's Madden 07 to set preorder and sales records for the store, as "tremendous, pent-up demand" for Xbox 360 games rises.

The release of the Nintendo Wii and Sony PlayStation 3--for which sections in 4,400-plus GameStop retail stores will be carved out in September, the company said--and the upcoming holiday season will increase the number of people buying games, said Lazard Capital Markets. After GameStop's conference call, the analyst group issued a statement recommending buying shares in the company.

"While there are still several significant risks associated with the console-transition period, we believe that positive sales trends are likely to continue through at least 2007," said Lazard analyst Colin Sebastian.

Discussion

104 comments
lordoverallbaby
lordoverallbaby

thank you bobby845, i love the kind words and well thought out points. hopefully folks will listen and learn from the vast majority of those who posted to this thread and avoid ebgamestop. remember shop local and keep your hard earned dollars in your hometown working for you.

bobby845
bobby845

OH MY GOD,toliver01eb... how can you stand to even write such DRIBBLE... Do you REALLY think GAMESTOP gives a rats @$$ about you trying to defend them with all that nonsense????...or maybe u should give us all you REAL name so they, (GS) can give you a 10 cent raise!!! ..look,... it's soo simple, EVERYTHING gamestop has,..is off the backs of their employees who get nothing but pi$$ed on in the end eventually,.. not to mention the poor kids who get swindled every day into trading in their games ,they may have mowed 50 lawns for... (and don't try to say they don't cuz i've been there,).... and they don't care how old u are or if your parents are aware..as long as they get what they want!!! and if w are all smart,.. we'll go somewhere else... and MAYBE,,prevent the crash i am still predicting which would be(in my opinion...).be largely due to them!!.......GREED has typicaly been the cause of many a downfall... when the ALLMIGHTY DOLLAR becomes SOOO much more important than either the people who got them there in the trenches so to speak,.. every day!!... (their employees), and the customers who's money now sits in THEIR pockets!!!!!!! ................OH GOD,... don't EVEN get me started again!!!...... and BTW thanx lordoverallbaby!!

lordoverallbaby
lordoverallbaby

Glad you could admit that i took you apart but hmmm once again you chose to lie and evade rather than answer any questions. thats cool, its clear you don't have the answers so you instead try and rather lamely attack someone, i answered you point for point ripping your poorly thought out arguement to shreds and now you are clearly upset because you realize you cannot fool folks with your lies. I guess we won't here from you again like you said? correct? oh wait! nope! you just were lying about that as well now you are back and you have grown so frustrated that you accuse me of trying to save the world. well if its your terrible company that is ruining it than i guess maybe i am or at least i am trying to save some folks towns from such an ugly parasite of a corporation. and i love your awesome little jewel: "besides you know nothing about what comany's do for the cummunity" ummmm have you been digesting what you read or just reacting? i have stated just what one (here let me help you with this tough word) company is doing for local communitys, if you were paying attention you would know that. and now you can respond with more poorly drooled out thoughts......

toliver01eb
toliver01eb

Dismantled me because you wrote an essay about nothing. You quoted me but had no valid points. The only ass is you, I stated nothing but facts. Wake up and smell the coffee JR what are you trying to save the world ?? besides you know nothing about what comany's do for the cummunity. Do some research because Obviously you don't have a clue.

lordoverallbaby
lordoverallbaby

rightttttttttttttt thats why you decided to cut and run rather than dodge anymore of my points. i understand if someone had just owned me like i dismantled you, i might run away to mommy as well. buh bye! and heres yer sign

toliver01eb
toliver01eb

You have not made one valid point after all that writing. what a waste of my time and yours.....

lordoverallbaby
lordoverallbaby

wow sparky when you get it wrong you really go waaaaaaaaaaaay off the mark dont ya? and isnt it interesting that you cannot refute a single lie you spoke of that i shot down. then you try and ASSUME that i work for one of those "mom and pops" you seem to hate soooo much, which i don't, sorry toli. but remember what happens when you ASSUME something toli? yep you make yourself out to be the huge ass you clearly are. lets see how should i rip your newest little missive apart? lets start with your statement "Man I don't own EB/GS so I could careless what you think" ummm while you are certainly "careless" i never said you "owned" a ebgamestop sooo i guess you were off out there in left field on that one. its ok i am sure you will redeem yourself with your nice gem of wisdom, which was: "and for the records not many company do anything for Vets especially Mom and Pop." again you ASSUME things. and while "records" is something really important, probobly more so than "record" we all should defer to your expansive ignorance. but alas, i already named one chain that did what you claim "company" would not do. And more companys should support our troops dont ya think? on to the next gem or in yer case germ: "I leave on this note: As a consumer you should always shop around regardless of what your personal feelings are. I shop at best buy, circuit city and walmart, whenever there's a deal I jump on it . " Umm nope wrong again. this is clearly the sort of shortsighted foolish thinking many Walmarters fall into. by shopping at companys that do not reinvest in your hometown you are only hurting yourself, if you really want to shop smart than price compare, go also where you are given awesome customer service, as a consumer demand that you and your community are treated with respect, this is a free market and if you just give up like toli here and become a drone than the Walmarts and ebgamestops will treat you like just that and take you dollars for granted. Also another smart shopping tip is to buy online, quite a few online sellers are normal folks like myself and Bobby845. When you shop online at least your cash is going to a person and not a company who will not reinvest in your hometown. the best part of this statement was his beginning in which toli says he is leaveing and then like a house guest who has over stayed his welcome his drones on some more: "Oh and 99% of real gamers shop at EB/GS thats why they are the largest in the industry" WOW, talk about not knowing the facts, ebgamestop got to be so huge the old fashioned way, when they couldn't run out of town the "mom and pops" with Walmart tactics they then bought out the stores, THATS how they became a fortune 500 company and thats also how ebgamestop became ebgamestop, one fish took over the other and this board is nothing but a long list of how bad that was for those employees. Real gamers don't shop at ebgamestop by choice or for the overpriced, damaged games and lackluster service. rather a small percentage shop there because they either dont feel there is anywhere else to go or are not aware of where else to shop. and now toli saves his best wit and wisdom for last, and i quote without changeing anything: "You can call me a drone all you wan't I have everything I want and more because I work for a good company that pays well. (Before you GA's say a word I meant pay well for SM)" UMMMM ok, you are a mindless drone who covets things, nuff said. but wait he comes back yet again after he is done: "Oh and by the way, you shouldn't bash your competitors, not very professional. Try doing some Marketing or something. " now if i worked for a game store this little jewel would make some sorta sense but like i can say is when you ASSUME something that makes you an.........

toliver01eb
toliver01eb

Oh and by the way, you shouldn't bash your competitors, not very professional. Try doing some Marketing or something.

toliver01eb
toliver01eb

Obviously you work at a Mom and Pop Shop!! Man I don't own EB/GS so I could careless what you think and for the records not many company do anything for Vets especially Mom and Pop. I leave on this note: As a consumer you should always shop around regardless of what your personal feelings are. I shop at best buy, circuit city and walmart, whenever there's a deal I jump on it . Oh and 99% of real gamers shop at EB/GS thats why they are the largest in the industry, knucklehead get a clue. Thats why EB/GS is a fortune 500 company. You can call me a drone all you wan't I have everything I want and more because I work for a good company that pays well. (Before you GA's say a word I meant pay well for SM)

lordoverallbaby
lordoverallbaby

clearly toliver01eb you are the ebdrone your name paints you as, for one thing you cannot even try to lie your way around the fact that your "wonderful" company dosent do a damn thing for vets, the local communitys or invest in the towns they suck cash from, so you avoid that issue completely then you attack everyone, lets see: 1. you are right no one holds a gun to your customers head and thats why folks should go elsewhere for better service, prices and treatment and if you read anything here you will see that 99% of the folks said they do just that 2. right again, and again you point out what 99% of the folks said in this thread, "go elsewhere and get more than from ebgamestop" 3. ebgamestop rountinely violate their own policys and DO NOT allow folks to return games oh and i am sure everyone here can name a company who lets customers return something thats been opened if there is an issue, i can even name one: Video Games Etc! allows you to return games within a week and longer in some cases with less restrictions the ebgamestop to name just one company, so get a clue pal. 4. uh any place the takes games in on trade will tell you this, duh, thats the whole point of trade in. its just that most other companys give you more 5. uh the local chain here, which you look down your nose at gives you 20% off new or used games and dvds and also gives double what ebgamestop gives in credit AND regularly sells used games AND dvds 2 for 1!!! The statement about local chains overchargeing is a bladface lie or at the very least a blanket statement that one could even accuse ebgamestop of pulling themselves. Before you start your lies get some facts Jack! Heres yer sign.

toliver01eb
toliver01eb

All I see here is a bunch of folks who don't understand how to run a business. first of all EB/GS don't hold a gun to your head and make you trade in your games. Second, in order to make any money off of trades EB/GS can't give you what you paid. Third, other retailers don't let you return a damn thing open, EB/GS allows you to return a use game (a benefit for buying used) within 7 days which in alot of cases is better than Gamefly because you can play it return it within a hour if you want. Fourth, The games you just wish you never bought you can still get something for them and buy a game you like. Fifth,Can you go to Mom and Pop shop and get 10% off used or trade in 2 horrible 360 games and get any game of your choice for $9.99? I do understand that some EB/GS Employees just dont get how important the customers are to them. I will also Acknowledge the fact that developers don't get any profit from used games but the profit made from new games and systems, companies like EB have no choice but turn to used. Mom and Pop shops are good in some aspects but alot of the time they over charge because they have to buy the merchandise from the same folks you buy games from just to have it and stock.

Riverwolf007
Riverwolf007

Holy cow where in the country are you guys at that you are still in the company for four years? in my area there hasn't been an employee in any of the ebstops thats made it for longer than one year.

lordoverallbaby
lordoverallbaby

bobby845, the solution is very simple, and i repeat: i would encourage everyone to buy their games at the locally owned and operated companies and not some parasite company like ebgamestop. this scum sucking monster dosent even keep its deposits from each days sales in your local banks! instead the deposits are transfered out to the main bank of the headquarters. this isnt to mention that, at least where i am, the locally owned chain gives more both in cash and credit than ebgamestop. Ebgamestop dosent even offer military discounts to vets or their families! if you're gonna spend your hard earned cash than when give it to these toads when they won't reinvest in your hometown?

bobby845
bobby845

Let's just make this REAL SIMPLE!!!!..... gamestop $U@K$!!!!... thet take advantage of their customers(mainly kids!),. by harassing them into trading in their games EVERY TIME THEY EVEN WALK IN THE DOOR!!..and to buy their $h!TT% scratched/missing manual used crap that the employees are FORCED to take because of gamestop's GREED!, even though they KNOW it isn't fair to ask anyone to by a scratched /missing manual game ... but AGAIN,..not THEIR FAULT,..THEY HAVE TO!!! ..........(trust me i know al too well!!) ... the develpers who make these games who now sell much less than before and lose money because of,..while gamestop gets FAT at their expense.. .and their employees by forcing them to lower their personal standards in order to appease their GREEDYASS employer .or lose their jobs as a result!! ....in MY OPINION,,,,(JUST AN OPINION)... when you put all of these things together i think ...like it or not,... we are headed towards another VIDEOGAME MARKET CRASH!!!!! as was in '83-'84... ......NEED I SAY MORE???

ken_gamer
ken_gamer

Wow Autolycus, just wow. All I have to say is STFU.

lordoverallbaby
lordoverallbaby

i would encourage everyone to buy their games at the locally owned and operated companies and not some parasite company like ebgamestop. this scum sucking monster dosent even keep its deposits from each days sales in your local banks! instead the deposits are transfered out to the main bank of the headquarters. this isnt to mention that, at least where i am, the locally owned chain gives more both in cash and credit than ebgamestop. Ebgamestop dosent even offer military discounts to vets or their families! if you're gonna spend your hard earned cash than when give it to these toads when they won't reinvest in your hometown?

relset
relset

maybe too many cracked and hacked illegal games!

toliver01eb
toliver01eb

I agree give them what they deserve, thats exactly why I do everything I possible can to get my staff more money and promotions. I have had 4 of my previous ASM become store Managers. I hope I didn't come off like I'm better than everyone else, I put in my time to make what I make. The manager before me in the store that I run was making 8k more than I am and he had the store Jacked. Why was this clown making more than me? I guess thats just the way it is sometimes.

Autolycus
Autolycus

aerisgainsboro thanks for the input, it was well said without trying to brag or come off better than anyone else. I cry because a handfull of corporate greed is what is keeping GS/EB from becoming a much better company. give them the benei's they deserve, the hours they deserve, the PAY THEY DESERVE, (even if it means skipping your precious bonus [in regards to SM+]) and you'll see the company skyrocket in profits withintg three years. But gamestops muckity muks havent learned that yet and I highly doubt theya re going to. Because what it really comes down to is their greed and only their greed. Customers don't matter, employee's dont matter...

toliver01eb
toliver01eb

Once again your not paying attention here, I was making $12 as an assistant Manager 6 years ago, I am not a ASM any longer. Call it what you want, I'm not here to talk about the companies personal Info. I'm here to set the records straight that some of us do make decent money. I make more than my wife but I will say that combined we make about 100k a year which is not rich but we make ends meet. And yes it can be a pain dealing with certain customers but you do have that customer that you love to dealing with. I have always had about 60% of my customers on first name bases and alway gone that extra mile for that customer who needed my help whether I wanted to or not because in the long run that customer effects whether or not I can get a big screen tv or rims for my car.(bonus)

aerisgainsboro
aerisgainsboro

I love this! So much feedback! I've never posted, but this is a good call for debate. Do I hate GameStop? No. I don't hate anything, but I do agree with almost all of you. I too have/still am working for GameStop/EB and have worked my way up the ladder and went right back down. I've worked in Idaho, Oregon and Washington stores, all of which you make exactly what the mini-wage is. I see an Aussie GameStop stated he makes roughly $15 an hour. That would be nice, I was an ASM and didn't even come close to that... As a matter of fact if you add what I make now and made as an ASM I would be at $16. Idaho min wage is $5.15, Fan-Tab-ulous! And of course the McDonalds in our mall hires at $6.50. Here is how the Gamestop company breasks down you're pay in Idaho (granted this started in May, and I went to part time (as finding a higher paying job elsewhere) and I started Part in Oct.)... Teir 1 - you've never really had a job and this is you're first "virgin" job - $5.15-30: Teir 2 - you've worked for somebody, good for you - $5.50,75: Teir 3 - you've handled cash, have a good resume - $5.75,$6: Teir 4 - you've had key holder experience (+all of the above) - $6.15,35: Teir 5 - you've been a ASM/3rd key before and speak a different language or have a college degree - $6.40,55: Granted I'm litterally reading this off the page! Technically I over qualify for this job, I speak 2 different languages and have been a ASM. And to be a 3rd key holder add $1.50 for all those teirs. ASM add $2.50-$3. Granted these are starting out. But as PT now I make $5.25 and got my 10 cent raise in May. If I was to quit now and get rehired I'd be making $1.30 more as a PT. Great news! Needless to say you now have to be bilingual or have a college degree to get the ASM postions (Again, I'm reading the page (and yeah there are exeptions)), so what I was coming to understand from this page is that 4 of the 5 DM's that I know that work for GameStop do not even qualify to be an ASM! Which means they are not bilingual AND do not have a college degree. Yes, we are trained to ask for Reserves, Trades, Etc. That's a part of the job (any job), just like any phone company is going to upsell it's long distance/internet access, it's how it works. My manager this last year did not receive his bonus by .1 of a point on his score card. The factoring key~ Our ASM had 1 hour overtime for the whole year: Which was do to the cause of the Managers going off to their yearly conference and one of the Newbs didn't show up. Yeah that bonus would have been DANG nice for him, 'specially when our DM (you know the non-bilingual, non-college degree guy, but he's a nice guy) just ripped him a new one for not cleaning the store properly after they decided to cut our store by 15 hours! My manager works 74-80 hours a week, and the thing that separates him and his ASM is a salaried wage ($8,000 more a year, $3 more an hour at the normal 40 hour work week, OR -$5 for the 80 work week. He's going to be putting a kid thru college this year and will be having many more on their way. ASMs, 3rd Keys and now even parttime get insurance. Which is fantastic, don't get me wrong, but my co-worker who's only job is GameStop makes the same amount I do and used to work 30 hours a week now works 18/20 at most and still has to pay her $25 flat fee insurance and comes home with $160 every 2 weeks. Yes, she needs a new job, sad thing is, we are gamers, not like some who just play the games. We're the full on, carry a conversation over an hour, play the games that are good because when Aeris/th died: it made us cry, or when Dante first bust into the scene and said a "bad-@$$ tag line": it made us rejuvinated, or when we run a 100 yard kickoff return, kick the winning field goal, etc: we are exstatic! We are GAMERS, not some of the whining saps that play Halo and only want the next FPS that reminds them of that, but the gamers that remember the first Zelda/Sonic/Mario/Marble Madness game. Games that had graphics with as many as 16-24 colors! We work there to fulfill our addiction of checking out free games, getting that measly 15% discount (but it helps), and being able to talk to others (specially some of you're mothers) into games that you would like. Yeah I did a lot of whining and grinding about being an employee, but there are worse things I could be doing, and there are many things that could be better as well. As with that GS/EB should realize that it needs to take care of it's people (employees) as that is the link between getting the cash from the customer into that register. And like one of the previous posts pointed out, as with any company this is the founding basis on all of this. $$$ Making money $$$ and that the employee's handle that end before they even get to see it. If you have an emp that pisses people off so that they go to the competition, that's one less cust a year, and if it was me that's a total of $75 every week. and $3,200 a year. Just by taking one of me out of those stores per store, that's $3,200*4,000+ stores = $12 million+. So as a employee you want to make me happy, as a employee/customer you want to keep me. So good for they people that make more than me (at GameStop)... Good for the people that are saying we don't like corporations... I don't mind either way, I'm content with who I am-happy with what I make-and proud of being who I am, cause if you can't hold you're head high while walking in the rain, where else will you faulter?. I stay because I see friends (whether it's customers or employees), and it's different from my other job. But at the end of the day it boils down to how much you spend and where you spend it. That's all they care about.

Autolycus
Autolycus

TOLIVER let me get this straight then. Yes it was my mistake for putting two years ago instead of six. So if you were hired six years ago(before gw had time to screw up the economy), you were hired before EB starting to get into the negatives(cash flow wise). So its a safe assumption to make that since you have started working there, EB has started to do bad finacially. Which means you had a part(not matter how small) in running that company into the ground. Good job you just took part in ruining thousands of poeples lives that actually depend on that money from EB(since its no longer available). Btw with all those posessions, you WIFE must have a hell of a job to be able to support yo ass. and @ 12/hr thast only 26k a year BEFORE taxes and benies' which means its about 19k afterwards. granted thats what you started @ but still, that aint worth putting up with the customer. On the other hand, it seems like the perfect corporate response to give from RM or above that has nothing better to do with the 2 days a week you actually do useful work. How about you find ways to make the people that gave your your job(us) happier. Or do you not know how because you are so out of touch with video games. BTW incase you dont know, madden is a 50/50 like to dislike ratio. Do some research out polls and you'll find out most people only play madden because its the only option left.

toliver01eb
toliver01eb

oh I get it now Autolycus, you work at Gamestop. Now it makes perfect sense...... LOL

_Sam_
_Sam_

usually, at first glance, I read GameStop as gameSPOT :?

toliver01eb
toliver01eb

did you not read what I said??? 6 years ago when I started. no one has received a paycut and yes I would like reserve a copy. I'm done talking to you. You have no idea obviously, I'm from the EB Old school Pay scale and I'll leave it at that.....

Autolycus
Autolycus

TOLIVER would you like to put the new copy on reserve. if you give me your information and 5 dollars via paypal, i'll put it on hold for ya. better yet, if you have some old games, like the madden you are playing, you could trade that in and take the credit to reserve the new madden. We will be opening and midnight if you are that large of a madden fan. PS we dont blieve you because we know better. And yes 2 years ago ASM's did make 10/12 an hour, but now they start @ 8.50 and the ones that were @ 12 aren't getting bonuses or they are getting paycuts...enjoy

toliver01eb
toliver01eb

He I'm not here to encourage anybody to shop at Gamestop or EB Just stating the facts...

lordoverallbaby
lordoverallbaby

this "company"' is bad news for the video game industry, for gamers and for game makers. lets all hope they go the way of funcoland and earn such a bad rep that even the idiot customers do not shop there.

toliver01eb
toliver01eb

RTGolob, Autolycus I will gladly send pics of my cars and house, I have no reason to waste my time entertaining any of you. I made 5 grand in just bonuses since last year . I dont comment on this forums so I wouldnt waste my time to do it now. I was hired at $12.00 hr 6 years ago as an assistant Manager. I know what I make and I'm living fairly comfortable. I am married and my wife is a school teacher. Hell I will gladly send a bank slip showing my savings account $30,000+ not to mention my stock options..... Man forget it, why waste my time..... I'm going to finish my game of Madden.

Autolycus
Autolycus

metalmystic, that was hilarious. And try having to the guy so "full of energy and excitement for videogames" for every single person. For what its worth, we are just as annoyed as you are, but....we'll lose our job if we dont lie to you and TOLIVER if you really worked for them you owuld know that ALL PREVIOUS EB POSITIONS are getting a drastic paycut, including yours. If you dont like it, you are more then welcome to leave, because they will just hire someone at less then waht they would cut your pay too

Autolycus
Autolycus

might I add I forgot to mention that it is now my second job. The point in giving the life story was to show I have credibility and reason to complain and personally I like working there so I don't have to try and stay updated with whats new plus I odnt have to buy video games because everyone tells me they suck and every employee is able to check stuff out without purchasing. And to the guy with all those posessions, that doesnt make you any better of person because you have money. Money that should've gone to the people that allow you to have your job, because without the low peons on the poll you wouldnt have any of that, so in a way...all of that stuff belongs to us, sucker.

RTGolob
RTGolob

Toliver, you don't have to lie to kick it. LOL... Unless you OWN an EB store, (or have another job on the side) then I really doubt you make even remotely close to what you're trying to present.

PaulB_318
PaulB_318

I agree with Trip187. Why buy a smugged, scratched, tattered, finger-printed USED copy for -$5 less than a new one?! I've never understood that.

Mistidon
Mistidon

I _never_ shop from gamestop or EB, there is a little chain around where I live, Gamers, it rocks. Always has what I am looking for and gives me awesome used prices.

trip187
trip187

My friend just quit Gamestop/EB because he constantly gets sh*t on by the company and they refuse to give him the overtime he is working for. Plus they now have no commission and thus NO motivation to sell new games or used ones. Gamestop even promoted a contest to their employees to try to suggest ways the company can save money. The prize?? $200. At this point I hope the entire used games market crashes and we just use ebay or, god forbid, buy the new game for $5 more. Seriously...the diff between a new and used game (unless 3 years old) is so small why bother getting a used game? Screw you Gamestop.

XSAVAGE
XSAVAGE

when they give me more money for my XBox360 games then i will return , but they are totally crap.

toliver01eb
toliver01eb

For the records I have 2 cars Acura tl 04, Mazda 6 05 I own my house (4 bedrooms,5 bathrooms 2 upper and lower decks) which houses in my court are being sold for 350,000, and I play my games on a 57" hdtv with 5.1 surround sound every night on My EB Salary. (Oh and I pay $460 in child support a month) So don't assume we make minimum wage.

PaulB_318
PaulB_318

I don't shop at GameStop because their prices are always HIGHER than everyone else. Best Buy, Target, etc. usually always have a sale or mark down most games after a month to -$5 to -$10 off the MSRP. GameStop was only good for buying new games such as, particular RPG's or those rare Special Editions that the other retail stores would not carry for whatever reason?! Though now that GameStop has bought EB Games, I doubt I'll even shop there anymore for those items. EB Games was crooked as all hell! I personally saw them buy USED games from customers and then re-shrinkwrap them and sell them as NEW!! (I was floored, let me tell you.) Also, anytime you would stop in; especially during X-Mas; looking for a game as a gift -- they would say to your face, "No we don't have that game new anymore, but we have it used. We could repackage it if it's a gift and they'd never know." WHAT!?! All I can say is,...CROOKS!!

neoand12
neoand12

I like the listen button they should do that with more info news but anyway Gamestop suck, I go to gamecrazy!

dougbperez
dougbperez

Mister 26 yearold who has worked at Gamestop for 6 years. Stop your complaining and get a real job. Your suppose to work at these type of places partime while in school to make some extra money not make a career out of it.

amtalx
amtalx

just remember to keep it short people. im at work and dont have time to read dissertations.

cantlooseu
cantlooseu

why are people writing life stories!?!? i dont think people will bother to read the whole thing >__>

ragnbull
ragnbull

Jeez some of you people who are ranting on how crappy it is to work for GameStop or EB Games need to find a new job. If you dont like your life, go do something about it. I had a crappy job that averaged 80 hours per week (sometimes over 100 hours), and I said F this and got a new job. Now I work 50 hours a week and make almost twice what I was making before. It is called taking a stand and not wasting your life on corporate BS. I dont care if you dont think you have any options...trust me YOU DO. There is always a better opportunity out there, but you have to make it happen instead of whining about how crappy your life is. Anyone who works for 6 years straight at a GameStop needs to get motivated and find something better and more rewarding. There is no excuse for complacence. EB Games sucks.

Autolycus
Autolycus

Im 26 now and have worked @ babbagges/gamestop/funcoland/eb for over 6(yes six) years now. I have also had other retail jobs in the process. The thing you have to understand....as a customer you are HATED. There might not be anything YOU did. But the guy before you probably was trying to get something for free. Or someone probably dropped their kids off to "play" in our store for 3 hours and the kids are loud as hell. Is it fair that EVERY SINGLE RETAIL PLACE hates their customers? Nope. Is it fair that just about every customer thinks they should get something for free? Nope Is it fair that all the problems are taking out on the peon employee instead of taking up with the corporate people? Is it fair that the person before you tried returning a game w/ the game plastic cut and put back together, so the game was missing? Nope. The simple fact is, Americans have ruined it for themselves and everyone else. You as a customer deserve NOTHING for free. You deserve NO discounts...period. You think you do and because of that you wont shop here anymore? Fine, great. Please leave our store so we can make money off of the person behind you. Oh please...tell me why you had corporations while I am stuck being a slave to facsism. Its almost worth my 5.40 /hr after two years(thats in the midwest). So after my 8 hour day i make 40 bucks, but then I have taxes so i make about 25 dollars. Oh that was great. Plus i get to put up with your customer dung tomorrow. YES! this is the greatest job ever. Oh wait, whats that? A new manager that knows ABSOLUTELY NOTHING about how to run a store? Hired by the DM that knows ABSOLUTELY NOTHING about what it takes to keep this store running. Sweet. OH now the new manager is going to come in here and switch everything around. Awesome, he put it to the way it was 4 managers ago(i've gone through 7). Then i'll come in tomorrow and he'll tell me how important reserves and subs are because our customers LOVE hearing about that crap EVERY SINGLE TIME they walk through the door. It makes things feel so personal(sarcasm by all means). What's that going to take half my benifits away and give me a .05 raise for being here 4 years. Sweet.... So think about the employees shoes before you go **** about gamestop. You know absolutely nothing about the crap we go through, so you can pick up some game case and put it back in the wrong spot so we can spend the next few hours rearranging the store so the next customer tha tcomes in can do the exact same thing. OH wait...we cant rearrange the store because they cut our hours and the manager(salary) has to work 87 hours this week. GAMESTOP DOESNT HAVE A CLUE HOW TO RUN A COMPANY. The EMPLOYEE is the most important NOT THE CUSTOMER. A well treated employee will give the CUSTOMER what it deserves. 5 years GS will be in the whole. Buy new not used. Every used game you buy puts a game developer out of profit. No profits, no reason to make games...game over for everyone

jkr2krz
jkr2krz

Personally I prefer mom and pop outfits for cds games etc. Usually always a few bucks under the MSRP and after they get to know you, you get treated like a person not a "potential" sale. Let them sink (as a corp) because the only victims are the employee's but there are enough other "Retail" jobs out there.

vanhalendlrband
vanhalendlrband

In Coquitlam, we had two stores for years. First it was Master Player, then it become Microplay. And we had Phantasy Video games which became Encore Video Games, then Fantastic. There was one EB at Lougheed mall across town a lil ways, and it always was an awesome store and is still there i think one of the oldest EB's in Canada or possibly the world. Then they expanded to Guildford Mall. THEN EB came to Coquitlam Centre. They out priced them in every end and had way more selection. I never went back to those stores but as soon as those stores were out of business EB decided they wouldn't give cashback on games no matter what. Even if it was a return it was against their Canadian Store Policy because they would have to be liscensed as pawn shop or something in Canada. I notice that their used games can be on some titles very over priced, and only maybe 5 bucks off the price of a new title which is absolute CRAP. On the other hand they have games usually no one else has, although all of a sudden when i want to get Xenosaga Episode I nobody has it. But thats a different story altogether. I'm kinda mixed on EB over the years, all in all i'm glad they're around cuz they have everything. I've never heard of Gamestop, i've never heard of Gamecrazy as they must be USA chains. All in all, i hope they revamp their Used games, they seem to be sticking to the sticker price lately and not changing it at all whereas they use to keep it updated when the sticker price was old. Other than that, i'd hate to see EBGames go anywhere cuz they seem to be quite successful in the Vancouver Area, the stores are the only Video Game chains around and they're usually full of people. Although sometimes Future Shop and Best Buy out price the one in Coquitlam now and seems to be less full than it use to be but for those hard to find games or to preorder it seems to be the best. Although lately i've found a couple stores that are under the radar a bit and have some good rares for a hefty price tho. Like Dragon Warrior's for NES, FF's for SNES, and so on.

Spamwell
Spamwell

Something must be wrong with the EB's in your crappy country. I work at a EB in Australia, and I get paid $20.50 Aus ($15.50 US per hour) an hour and get free games. Sucks to be getting minimum wage in the US of A.

whercat
whercat

Gamestop is stripping the company, plain and simple. They have a year and a half left, if that. Right before KB Toys went all belly up, many KB corp heads were hired by Gamestop a year before Gamestop went public. They did the same thing with that company as they are doing here. Whats happening now is normal big business and it's greed. The buyout of EB just helps the overall profit at the end of the 4th quarter, when those at the top are going to drop their stock. My bet is you'll see it happen right before they post that they didn't make their 4th quarter profits in early 2007. They will hype up before hand that 4th quarter is going to be great due to the "new" systems/games that will be in. What they wont be reporting that those systems are severely limited in supply and the games are now more expensive than what the normal holiday shopper is going to want to drop this season. Since the systems wont be there, the game sales on those systems wont be there either. It will be 2nd quarter or even 3rd quarter of 2007 before supply in systems and games on those new platforms will be easily found within stores. In the last year the following has happened at the store level to set up the strip: -Drastic cuts on employee benefits and personal time. They give vacations and floating holidays, yet fail to give the tools and hours to cover the stores when the time is taken. Managers end up spending more time in their store to make up for the earned time they take off. -Manager earned bonus opportunities are now unrealistic and almost non existent in payout. -Distribution of store hours no longer fit the business needs, regardless of how much profit an individual store makes. A million dollar store can have as many payroll hours as a store that makes half that. Stores are told to hold midnight opens and tourneys yet the company gives unrealistic payroll to cover such events. You see long lines and cranky employees now, just wait till this holiday. Gamestop has already made plans to cut the holiday hours normally available to stores. That all being said, I'm happily selling my stock before the rest of Gamestop does near the end of 4th quarter.

TintedChimes
TintedChimes

Ehh...any merger has growing pains but stop screwing us with the trade-ins.