General and Gaming > General
GameStop Stock Plummets After A 27.5% Decrease In Holiday Sales
oldgamerz:
If everything went all digital all the CEO's of these console companies would probably retire and lay off all their workers and claim everything and every game as their own personal property and say FU to all or most of the retro video game designers
(my future skit of a game CEO from Japan)
you Play my game? you give me more money. and I let you have. for a while,
you say you want to try my game? I'll let you try for, 2 day if you like you pay me money and I let you download full copy, from my computer.
sorry but it's how I feel
bikingjahuty:
--- Quote from: Warmsignal on January 17, 2020, 01:18:00 pm ---I personally think their demise is more imminent. I think it might be a wise move for them to proactively begin a process of transition into a purely online retailer, rather than milking the physical store model until the company is bankrupt from all the overhead and loss of sales. Hell, maybe even go into a joint venture with Walmart's electronics department, in a similar way Sprint has done in the cell phone department, to bolster both companies selling power of games and hardware. Walmart has kind of become lackluster in selection over the past several years. They could double a store's inventory. Probably wouldn't work as Walmart doesn't want anything to do with the nasty condition trade-ins GS depends on.
--- End quote ---
These are all pretty pragmatic solutions, but I don't think a lot of companies want to help shoulder Gamestop's burden. They already tried selling the company a year or so ago and they had no takers. Pretty much everyone, including Gamestop, see's their demise on the horizon and they are literally operating on borrowed time. I think what will probably happen is they'll fire sale the company to another company for a bargain or they'll continue to try and keep it afloat for as long as possible while it continues to sink.
bunnybear:
--- Quote from: seether on January 17, 2020, 02:47:03 am ---Lol @ thinking GameStop will still be around for another 9 years.
--- End quote ---
Why do you start a topic only to then mock people’s opinions without providing any sort of counter argument of your own? Seems rather trollish..
--- Quote from: oldgamerz on January 17, 2020, 04:11:19 pm ---If everything went all digital all the CEO's of these console companies would probably retire and lay off all their workers and claim everything and every game as their own personal property and say FU to all or most of the retro video game designers
--- End quote ---
Wait, what?
seether:
--- Quote from: bunnybear on January 18, 2020, 01:00:31 am ---
--- Quote from: seether on January 17, 2020, 02:47:03 am ---Lol @ thinking GameStop will still be around for another 9 years.
--- End quote ---
Why do you start a topic only to then mock people’s opinions without providing any sort of counter argument of your own? Seems rather trollish..
--- End quote ---
The counter argument is right there in the title.
If sales are dropping by more than 25% a year, mathematically they go bust in 4 years. And that’s if things remain at the same pace and don’t, as trends obviously suggest, lean even more in favour of digital sales every year.
pzeke:
Last thing I'll say; almost every year there's news that GameStop is struggling financially, and quite frankly, their demise couldn't come sooner. I do lament the fact that this would mean many of its employees will lose their jobs, but they have rarely, if ever learned from their mistakes, so let them sink and let's hope something new and better comes along.
--- Quote from: Flashback2012 on January 17, 2020, 09:31:23 am ---[...]
I doubt they will be in their current state but as some kind of boutique, they might be.
--- End quote ---
Well, that would be ironic.
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