GameStop Stops Efforts To Sell Itself, And Company Stock Takes A Nosedive

Or you know, offer used games at a real discount, not at a whole whopping $5 cheaper than new.

"...trading value decreasing by more than 25 percent to $11.24 USD at the time of this writing."

This is why shareholders are nothing more than greedy vultures. Only there to pick the meat off of a company. They don't care how well the company is doing or helping its long term future. They do nothing but suck the money out and then move on.

Everyone wishing for Gamestop's demise might want to watch this first.

https://www.youtube.com/watch?v=mS5Yjx7pMCA

There will always be the need for physical media, don't worry. An only digital console may never happen, maybe only in 50 years when all the people that grew with physical copies die.

Still in this time nearly 70% of gamers (including myself) prefers physical copies, no way in hell we are switching to digital.

Physical gaming is the way to be.

Nooooo, not Gamestop please! as an Argentinian that flies twice a year to the US, I love going to Gamestop and pick up a lot of physical games on sale, t shirts and toys, I love Gamestop and there is nothing like it down here, we have a couple of shops but they import everything and prices are crazy expensive. I'm flying to Chicago on March and the first thing i did was to locate the closest Gamestop shop.

Say what you want about Gamestop, it's still important to have a physical options for games. Not only are there people without broadband internet (yes, they exist), many ISPs are enforcing data caps, which for modern gaming could kill your allotment with a couple games. Never mind the fact you're only paying for access to the game, you never own it. You're beholden to their servers, and in most cases, an internet connection to even play a game.

Best post goes to the guy below who said they shopped themselves only to be offered (ironically) a tiny fraction of their company's overall worth. So hilariously fitting if true.

Not sure how this store still exists. The company itself wishes it would just die, and the employees themselves are universally miserable.

Oh man, GameStop is a rapidly sinking ship at this point. The slice of the video game sales pie that 'brick and mortar' shops like Gamestop represent is just getting smaller and smaller and smaller. And smaller. Unfortunately for them, everyone knows it, too. Their value is only going to decrease as time goes by unless they come up with some sort of creative solution. I think they should invest in making their stores more of a community destination. When I was going to college in Olympia, for example, there was a comic book store downtown that went out of its way to make the store a great place to hang out. The owner- sporting genuine enthusiasm- went out of his way to chat with everyone that came in, answer questions, recommend great titles, and just basically be a super chill dude. They put in a nice, comfy couch and encouraged customers to pick up and read through any comics they were interested in without any pressure to buy. Though it would require an investment of resources and giving more control and agency to individual store managers, I think GameStop could do something similar with their various branches. The stations they set up in-store for sampling games are almost never used (at least in the stores I frequent) and seem like a total afterthought. Put those things in front of some recliners, rotate new and cool games into the library of what's playable, don't set arbitrary time limits, put more stations in, etc. I could see running in-store gaming tournaments - fighting games, shooters, MOBAs, RTS, racing games, sports games - that gave out free merchandise to the winners. GameStop could sponsor and run an entire season of Madden or NBA 2k where every team is run and played by a local PowerUp Plus member. When the playoffs come around, you could hold all of those matches in-store so that all the eliminated players could watch and root people on. Give out a trophy to the winners. Hell, they could sell pizza and drinks to the spectators! GameStop could create and foster a local, community-based esports scene, basically. You know how media outlets often get access to a slice (even if sometimes they can only watch) of upcoming games so they can offer insights and impressions? Well, maybe GameStop could work out an arrangement with publishers/developers so they can have a 'Preview Night' that offers PowerUp Plus members that same access to a demo, playable or otherwise. GameStop could start carrying board games and open the store once a week after hours for a board game 'Game Night'. It's only going to get more difficult to bring in physical sales so I think if they want to survive, GameStop is going to have to make an effort to distinguish themselves from digital retailers by offering things you can only get in-person; they need to embrace local communities and make each store a destination!

Mixed feelings about this. I have an extreme dislike of GameStop and the company deserves it, but it makes me a bit worried about the future of physical copies of games.

People can hate on Gamestop, but when you are looking for those hard to find physical copies, Gamestop is a great place to search.

Saddest thing is the last memory most people will have of Gamestop is that "It's Ma'am" Tranny.

Gamestop right now: "Why does nobody love me anymore?"

Because no one wants you. Maybe you can trade your business in for double trade back value and get a Game Informer subscription and a preorder for Anthem?

In other words, there were no takers, heh.

Gamestop is hardly worth sympathy but you should all be worried about digital-only marketplaces for console games.

Ironic their stock took a big hit, it's like...............oh $500.00 worth of stock, we'll give you $7.50 , how the tables have turned, ha!

Aint nobody wanchu GameStop!

GameStop is my preferred way to buy games. I never buy digitally and don’t like buying games online so I hope they survive

Just go bankrupt and shutdown. Gamestop has scammed customers for years. Selling new copies of games, after staff has opened them and put the discs in a CD sleeve, which is the definition of a used game by their own standards. Selling used games without a case and trying to sell them in a CD sleeve for the same price as a used game with a case. I hope they go under. It'll be their own fault.

I still love Gamestop and I don't ever buy digitally. I really hope they manage to hang in there.

Ouch.

Looks like Gamestop might be going the way of Blockbuster.

-Blockbuster? What’s that, Ninja?-

I think many could see the writing on the wall year ago so it shouldn’t come as a surprise.

I know that many feel it’s kind of their own fault for the state the company is in today (as well as the many sleights against gamers over the years.) but when Gamestop finally does kick the bucket it will be somewhat a sad day if not the very least the end of an era.

-OUTSTANDING LATE FEES NINJA APPROVED-

RIP