Commissar SFLUFAN Posted April 2, 2019 Share Posted April 2, 2019 For the 52 weeks ended February 2, GameStop reported net sales down 3% to $8.29 billion, while the previous year's net profit of $34.7 million had turned into a record $673 million net loss. Quote Link to comment Share on other sites More sharing options...
Biggie Posted April 2, 2019 Share Posted April 2, 2019 Holy crap Quote Link to comment Share on other sites More sharing options...
Amazatron Posted April 2, 2019 Share Posted April 2, 2019 Yeah, but currently paying a 16.4% dividend, lol. 1 Quote Link to comment Share on other sites More sharing options...
Commissar SFLUFAN Posted April 2, 2019 Author Share Posted April 2, 2019 Revenue breakdown: Accessories sales increased 22.0%. Collectibles sales increased 11.2% to $707.5 million. Digital receipts increased 16.5% to $1.3 billion. New hardware sales declined 1.3%. New software sales declined 5.1%. Pre-owned sales declined 13.2%. 1 Quote Link to comment Share on other sites More sharing options...
RedSoxFan9 Posted April 2, 2019 Share Posted April 2, 2019 Gamestop should ditch video games and exclusively sell Rick and Morty board games and Pokemon stuffed animals 1 Quote Link to comment Share on other sites More sharing options...
Zaku3 Posted April 2, 2019 Share Posted April 2, 2019 6 minutes ago, RedSoxFan9 said: Gamestop should ditch video games and exclusively sell Rick and Morty board games and Pokemon stuffed animals It might be a joke but they probably should. Video games are a low margin business. Quote Link to comment Share on other sites More sharing options...
Amazatron Posted April 2, 2019 Share Posted April 2, 2019 Go full on nerd haven, collectible card game gatherings/tourneys, etc. They still have the brand recognition and the real estate. Quote Link to comment Share on other sites More sharing options...
Hurdyb1 Posted April 3, 2019 Share Posted April 3, 2019 1 hour ago, Amazatron said: Go full on nerd haven, collectible card game gatherings/tourneys, etc. They still have the brand recognition and the real estate. Y'know.........it's not a bad thought. Quote Link to comment Share on other sites More sharing options...
Commissar SFLUFAN Posted April 3, 2019 Author Share Posted April 3, 2019 1 hour ago, Amazatron said: Go full on nerd haven, collectible card game gatherings/tourneys, etc. They still have the brand recognition and the real estate. They absolutely should make their locations literally GAMEstops for all types of games: CCGs, tabletop, etc. Hell, maybe even explore some kind of partnership with Games Workshop to carry Warhammer merchandise. Quote Link to comment Share on other sites More sharing options...
Keyser_Soze Posted April 3, 2019 Share Posted April 3, 2019 I mentioned the "they should embrace the esports" angle in another gamestop is losing money thread. Quote Link to comment Share on other sites More sharing options...
Brian Posted April 3, 2019 Share Posted April 3, 2019 GameStop also refused to give annual guidance. Yikes. It needs to embrace the waifus and go full anime. Quote Link to comment Share on other sites More sharing options...
GameDadGrant Posted April 3, 2019 Share Posted April 3, 2019 Just...how. Quote Link to comment Share on other sites More sharing options...
Commissar SFLUFAN Posted April 3, 2019 Author Share Posted April 3, 2019 31 minutes ago, GameDadGrant said: Just...how. WAAAAAAAAAAY too many physical locations Over-reliance on secondhand games But most of all - the rise of digital Quote Link to comment Share on other sites More sharing options...
Jason Posted April 3, 2019 Share Posted April 3, 2019 3 hours ago, SFLUFAN said: WAAAAAAAAAAY too many physical locations Over-reliance on secondhand games But most of all - the rise of digital It sounded bad to me. Digital. They have digital. What is digital? And it’s very complicated, you have to be Albert Einstein to figure it out. Quote Link to comment Share on other sites More sharing options...
Rodimus Posted April 3, 2019 Share Posted April 3, 2019 Well GameStop does need to change. They need to continue to diversify. I agree go all out nerd culture. Quote Link to comment Share on other sites More sharing options...
Jason Posted April 3, 2019 Share Posted April 3, 2019 6 hours ago, Rodimus said: Well GameStop does need to change. They need to continue to diversify. I agree go all out nerd culture. Have you seen what they've done to ThinkGeek? There's no way they're capable of properly executing what they need to do to survive. Quote Link to comment Share on other sites More sharing options...
Bloodporne Posted April 3, 2019 Share Posted April 3, 2019 6 hours ago, Rodimus said: Well GameStop does need to change. They need to continue to diversify. I agree go all out nerd culture. Sounds like a certain company needs to go to Wu-Tang Financial. Quote Link to comment Share on other sites More sharing options...
Commissar SFLUFAN Posted April 3, 2019 Author Share Posted April 3, 2019 21 hours ago, ManUtdRedDevils said: GameStop also refused to give annual guidance. Yikes. So much for being a "going concern" Quote Link to comment Share on other sites More sharing options...
Jason Posted April 3, 2019 Share Posted April 3, 2019 Quote Link to comment Share on other sites More sharing options...
finaljedi Posted April 3, 2019 Share Posted April 3, 2019 They need to triple down on game informer subs and come up with more membership programs, they also need to push their game insurance even harder. 1 Quote Link to comment Share on other sites More sharing options...
EternallDarkness Posted April 3, 2019 Share Posted April 3, 2019 shopped there for the first time in a long while and it was only because they are the only place the get a physical copy of Borderlands GOTY Quote Link to comment Share on other sites More sharing options...
Jason Posted April 4, 2019 Share Posted April 4, 2019 3 hours ago, finaljedi said: They need to triple down on game informer subs and come up with more membership programs, they also need to push their game insurance even harder. Maybe they should have bought that insurance on themselves. Quote Link to comment Share on other sites More sharing options...
crispy4000 Posted April 4, 2019 Share Posted April 4, 2019 I think there would be room for them in the used games market if they priced their inventory as low as digital sales and eBay averages. Way too often their used copies are still 80-90% the price of new copies on 2+ year old games. It’s been years since I’ve felt Gamestop’s used prices were cheap. I’ve only bought used there when buy two get one promotions were happening. Quote Link to comment Share on other sites More sharing options...
Firewithin Posted April 4, 2019 Share Posted April 4, 2019 didnt upsell enough power up memberships! Quote Link to comment Share on other sites More sharing options...
Dexterryu Posted April 4, 2019 Share Posted April 4, 2019 IMHO, Gamestop is going to be the next Blockbuster Video. It's going to take longer but the pattern will be similar. Areas with good broadband coverage are going to see more & more digital distribution (I haven't purchased a physical game in several years). Combine that with Amazon's shipping, Stadia, etc... and things are going to shift further away from anyone wanting to go to a store to buy games. Quote Link to comment Share on other sites More sharing options...
Commissar SFLUFAN Posted April 4, 2019 Author Share Posted April 4, 2019 21 minutes ago, Dexterryu said: IMHO, Gamestop is going to be the next Blockbuster Video. It's going to take longer but the pattern will be similar. Areas with good broadband coverage are going to see more & more digital distribution (I haven't purchased a physical game in several years). Combine that with Amazon's shipping, Stadia, etc... and things are going to shift further away from anyone wanting to go to a store to buy games. Comparisons to Blockbuster and music stores are unquestionably appropriate. Actually, I really do think that Gamestop's demise will be faster than either of those two examples simply due to the wider acceptance of digital content delivery now when compared to back then. Quote Link to comment Share on other sites More sharing options...
Keyser_Soze Posted April 4, 2019 Share Posted April 4, 2019 There is still 1 blockbuster left so it's down but not out! Quote Link to comment Share on other sites More sharing options...
Jason Posted April 5, 2019 Share Posted April 5, 2019 21 hours ago, Keyser_Soze said: There is still 1 blockbuster left so it's down but not out! Maybe they can purchase Gamestop. Quote Link to comment Share on other sites More sharing options...
ort Posted April 5, 2019 Share Posted April 5, 2019 They just need 135 million pre-orders next year to make up the difference. Quote Link to comment Share on other sites More sharing options...
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