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.
😭 🥀 God I wish I had gotten more of those novelty homewares while I still could. I'm an adult, I accept I need a laundry basket.... but nobody else would've sold me a collapsible radioactive waste barrel.
I enjoyed the 'bloody handprint' shower curtain, but by the time I had enough money to get such items as yhr matching bloody-footprint bathmat with intention, ThG was gone for good.
I miss thinkgeek too! 😑
a few weeks ago I went into a Gamestop just to see what's new, I hadn't been in one for a long time. Holy crap their stuff is way overpriced. I looked at the Gunpla kits and the prices even for old High Grades were insane. They had Master Grades for nearly $200. It's cheaper to just import the stuff directly from Japan. And the games sections were slim to none. I was also the only one in there at the time. I honestly don't know how this company is still going. who buys that crap?
“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."
The 12% is the reason people come and buy the other 88%
Nintendo sells more in merch than in software, they should stop too
It depends on what that 12% is.
Is it revenue, or is it profit? And does that Include both new and used games?
New games have a very small profit margin compared to used games and merch.
Fair but it seems like if you're trying to minimize the importance of something you would choose the metric that shows how minimally important it is.
If it's 12% of revenue but 1% of profit wouldn't you say it's "1%" instead of "12%"?
Might even mean 12% of business transactions/goods sold. The profit margins, customer retention, market stability, minimal losses etc might be in other goods favour.
Given how many codes/games/etc a store might order that do not sell (losses to account for), games are much less 'shelf stable' compared to a plushie of a pokemon first shown on TV 25 years ago. Digital codes and registering also make any return/exchange obligations a bigger loss.
I think there's several reasons a company might see games as a high-risk good when compared to collectibles.
I just wish they hadn't destroyed ThinkGeek.....
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.
GameStop is currently making a serious effort to buy eBay, which would also give them TCGPlayer and station them as a pretty big fish in the collectible card gaming space.
It's funny to me that the same crowd of people that rail against the continued fucking over of the public by manipulative corporations are the same people who fork over hundreds of dollars for the artificial scarcity and manufactured demmand of collectible cards.
Every time I think of getting into that hobby, I get the same feeling I get when I go to the casino... like I'm just a mark.
Oh, yeah. My playgroup all gave up on buying official products years ago for that reason. Now we just buy cardstock and toner.
Serious as viewed from GameStop's perspective, and maybe even just one man at the top. eBay has already said their offer is not remotely attractive to them. I think their current CEO unfortunately thinks the only way to run a business is to create controversy. I hope they didn't take the wrong lesson from the Gamestop stock rally, but it seems at least one person did.
Coincidentally, GameStop is also irrelevant to Games.
Coincidentally, GameStop is also irrelevant ~~to Games~~
No worries, our plan is just to become to games what Hot Topic is to music.
I guess they're just "Stop" then.
What the hell even is our economy anymore?
Memes, mostly. Lots of memes.
Edit: just noticed the weird box. I'm too lazy to redo it.
Use this space to imagine I posted the fixed meme
I mean, I don't know that he's wrong. It's just weird to hear someone say it.
Just change the store name to Stop.
Because GAME already went broke.
What happened with them being a meme stock?
They leveraged the market cap to stay in business and become a generic gaming related things retail/scalper hybrid.
Ceo (who the cult worships) did like 4 huge stock offerings and diluted the float around 300%. Any moass short play is dead but a lot of them are sunk cost fallacy trapped.
They are a collectibles and trading card company. The games have stopped
This is a sad timeline where used games are becoming irrelevant and you can only pay for games that you don’t actually own and therefore can’t sell. At least the Funko Pop market is alive and well. 🙄
bro nothing makes me less interested in knowing a person than finding out they have a funko pop collection
This is the same one who thought he could buy ebay right? Doofus.
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 amount of negativity here is very positive. Somebody somewhere has an agenda to think they're doing badly as a business 😜
Gamestop has always sucked at selling games, so I guess, in some strange way, it checks out.
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