Gamestop closing 120-130 stores, moving away from games

Gahars

Bakayaro Banzai
OP
Member
Joined
Aug 5, 2011
Messages
10,255
Trophies
0
XP
14,723
Country
United States
Ytj4bYO.jpg

It's looking like Gamestop may stop its game of being a stop for game enthusiasts. First step: Closing Gamestops.

Try to keep up.

GameStop expects the console gaming space to total $18 billion by the end of 2015, but the specialty retailer has its eyes set on markets much bigger than that. In a presentation at GameStop's 2014 Investor Day yesterday, CEO Paul Raines heralded the dawn of what he called GameStop 3.0, a new phase of the company's lifespan that will see it aggressively expand its footprint into gaming-adjacent tech fields.

The two biggest fields GameStop is pursuing right now are mobile and Apple devices. While it already buys back smartphones and tablets at its GameStop locations, the retailer is focusing more on stand-alone chains to do the same: the AT&T-branded chain Spring Mobile and Apple retailer Simply Mac.

At the same time GameStop is pushing into these new fields, the company plans to scale back its gaming operations slightly. In the current fiscal year, the company expects to shutter somewhere between 120 and 130 of its 6,457 gaming retail locations worldwide.
:arrow:Games Industry International
[prebreak]Continue Reading[/prebreak]
Gamestop 3.0: The "Point 0" makes it sound cool.

Before you start with the commenting and hooting and the hollering, this is not the death of Gamestop... not yet. Still, this sort of move suggests that the company might be less confident about their games business, though. Considering how pervasive online distribution has become, even on the consoles, it's easy to understand why.

I feel for all the Gamestop employees losing their jobs over this. They got Simply Mac and cheesed.
 
  • Like
Reactions: Deleted-236924

Foxi4

Endless Trash
Global Moderator
Joined
Sep 13, 2009
Messages
30,818
Trophies
3
Location
Gaming Grotto
XP
29,788
Country
Poland
Brilliant strategy Gamestop! If I may, I'd like to point your attention to a recently discovered niche in the marked. Turns out Blockbuster's gone bust - the DVD rental business is unattended! Forget Gamestop, it's time for Moviestop, guys!

Cue Randy Marsh gifs. :)
 
  • Like
Reactions: TripleSMoon

FAST6191

Techromancer
Editorial Team
Joined
Nov 21, 2005
Messages
36,798
Trophies
3
XP
28,284
Country
United Kingdom
I noticed Game in the UK had also shifted and now dealt in laptops, phones and tablets.

Anyway I wonder how much the sale of land and leases will net them. That said previous conversations and trips stateside have shown gamestop locations to be seldom be that far apart so I can see that too.
 
  • Like
Reactions: Black-Ice

Qtis

Grey Knight Inquisitor
Member
Joined
Feb 28, 2010
Messages
3,817
Trophies
2
Location
The Forge
XP
1,737
Country
Antarctica
In interested in seeing how far they can go against digital distribution and online retailers such as Amazon (and eBay). That's new and used for a fraction of the constant resources needed for brick and mortar.. :unsure:
 

Wellington2k

Well-Known Member
Member
Joined
Nov 1, 2010
Messages
763
Trophies
0
Location
Location
XP
1,271
Country
United States
Two GameStop stores have already closed around me (one of which was still called EB Games before it became the Canadian branch). It's nice to see them making some changes, seeing as they're not as popular as they used to be. I just hope they don't go too far.
 

Black-Ice

Founder of the Church of Renamon
Member
Joined
Oct 31, 2011
Messages
4,230
Trophies
2
Age
28
Location
London
XP
5,075
Country
United Kingdom
If only CeX would do the same now.

But Cex DO deal in the other areas of media, quite well as far as I know.

I never use them but I have yet to hear properly bad things about them. Please do share any stories you have.

Cex generally is quite efficient, I've never had a problem with them and I use them a lot.
 
  • Like
Reactions: EZ-Megaman

orcid

Well-Known Member
Member
Joined
Sep 14, 2009
Messages
374
Trophies
0
XP
393
Country
Austria
I don't know the US shops. I only know that sometimes they have great preorder boni in the USA. Here they have only a few little shops with very high prices mainly in shopping malls. Even the used games are so expensive so that you can often get the game new for the same price in another shop in the same mall. If you want to sell games they offer ridicucous low prices. For my sake they can close all their shops here.
I don't think that they will have succes changing their shops here. There are lots of little shops which sell and buy used mobile phones and games. (Ok, often these shops are a little bit shady.)
 

KingVamp

Haaah-hahahaha!
Member
Joined
Sep 13, 2009
Messages
13,474
Trophies
2
Location
Netherworld
XP
7,886
Country
United States
Might have to get my used games from Walmart. Blockbuster is changing their game plan too. They aren't out just yet. (Streaming)

I know they have to follow the times, but it's annoying and too early.

They probably should just change to "TechStop".
 

Site & Scene News

Popular threads in this forum

General chit-chat
Help Users
  • No one is chatting at the moment.
  • ZeroT21 @ ZeroT21:
    it wasn't a question, it was fact
  • BigOnYa @ BigOnYa:
    He said he had 3 different doctors apt this week, so he prob there. Something about gerbal extraction, I don't know.
    +1
  • ZeroT21 @ ZeroT21:
    bored, guess i'll spread more democracy
  • LeoTCK @ LeoTCK:
    @K3Nv2 one more time you say such bs to @BakerMan and I'll smack you across the whole planet
  • K3Nv2 @ K3Nv2:
    Make sure you smack my booty daddy
    +1
  • LeoTCK @ LeoTCK:
    telling him that my partner is luke...does he look like someone with such big ne
    eds?
  • LeoTCK @ LeoTCK:
    do you really think I could stand living with someone like luke?
  • LeoTCK @ LeoTCK:
    I suppose luke has "special needs" but he's not my partner, did you just say that to piss me off again?
  • LeoTCK @ LeoTCK:
    besides I had bigger worries today
  • LeoTCK @ LeoTCK:
    but what do you know about that, you won't believe me anyways
  • K3Nv2 @ K3Nv2:
    @BigOnYa can answer that
  • BigOnYa @ BigOnYa:
    BigOnYa already left the chat
  • K3Nv2 @ K3Nv2:
    Biginya
  • BigOnYa @ BigOnYa:
    Auto correct got me, I'm on my tablet, i need to turn that shit off
  • K3Nv2 @ K3Nv2:
    With other tabs open you perv
  • BigOnYa @ BigOnYa:
    I'm actually in my shed, bout to cut 2-3 acres of grass, my back yard.
  • K3Nv2 @ K3Nv2:
    I use to have a guy for that thanks richard
  • BigOnYa @ BigOnYa:
    I use my tablet to stream to a bluetooth speaker when in shed. iHeartRadio, FlyNation
  • K3Nv2 @ K3Nv2:
    While the victims are being buried
  • K3Nv2 @ K3Nv2:
    Grave shovel
  • BigOnYa @ BigOnYa:
    Nuh those goto the edge of the property (maybe just on the other side of)
  • K3Nv2 @ K3Nv2:
    On the neighbors side
    +1
  • BigOnYa @ BigOnYa:
    Yup, by the weird smelly green bushy looking plants.
    K3Nv2 @ K3Nv2: https://www.the-sun.com/news/10907833/self-checkout-complaints-new-target-dollar-general-policies...