GameStop is in money trouble (apparently)

[Scarface32]

Originally Posted by Blaze_Chamberlin

Has anyone else noticed how Gamestop is quickly becoming the Hot Topic of gaming? It used to be that you would go into GS and talk to "real" gamers but anymore it's casual employees who may or may not play games.

It's like the "Geek Squad" at Best Buy. They think they know about computers, but most of the time they are full of shi7. Many times they tried selling me something I didn't need, and they'd say stuff like "but you need this adapter to make your computer work with that printer" and I'm like, no I don't you're an idiot.

[Mavrick]

GameStop looks into a potentially serious credit card breach

[Hayabusa85]

While net sales were down a bit last year their gross profit has steadily climbed every year over the last 5 years.

http://news.gamestop.com/phoenix.zht...ol-fundIncomeA

Unlike a company like Sears who are seeing steep declines in both net sales and gross profits every year and are actually in trouble. This is simply getting rid of underperforming locations that don't even make up 2% of their locations and something that happens with retailers every year. I mean Wal-Mart closed over 400 stores last year and I don't think anybody would think a company making over $100 billion in profits every year are in trouble So this is far from a scenario that Gamestop are in any real danger.

Originally Posted by Blaze_Chamberlin

Has anyone else noticed how Gamestop is quickly becoming the Hot Topic of gaming? It used to be that you would go into GS and talk to "real" gamers but anymore it's casual employees who may or may not play games.

Doesn't seem much different here than it always was. Although when I have gone to Hot Topic for Funko I have been noticing more and more former EB employees

[dyne]

Just got a call from my credit union about a security breach from an online retailer. I've only used my debit card online in the last 6+ months at Gamestop. Just a heads up for everybody.

[ctujackbauer]

Originally Posted by dyne

Just got a call from my credit union about a security breach from an online retailer. I've only used my debit card online in the last 6+ months at Gamestop. Just a heads up for everybody.

Originally Posted by Scarface32

If you bought anything from them online, check your statements.

[Show spoiler]https://youtube.com/watch?v=UpjsBB6tWiM

Check your spam email today, there's a class action lawsuit for the gamestop data breach.

You have to prove losses with documentation in that specific time period.

email title: Data Breach Class Action Settlement - GameStop Website Customers

email address: Heffler Claims <Hefflerclaims *at* mailrt.com>

The email include a class member ID that you use to file a claim. For the actual claim website - http://www.braysecuritybreachsettlement.com/

[PrivatePixel]

From GamesIndustry.biz:

GameStop put an exclamation point on a difficult 2018 today, announcing full-year financial results featuring the biggest loss in company history.

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. GameStop noted that its fiscal 2017 results encompassed a 53-week period, so the numbers may not look as favorable in light of that extra week of sales. However, the fiscal 2018 numbers also include the company's $700 million sale of its Spring Mobile chain of AT&T phone retailers.

After the sale of Spring Mobile, GameStop said it was dropping part of its push to diversify its business and focus instead on gaming and collectibles. And while the company's collectibles did grow during the last year (up 11% to $707.5 million), its core gaming businesses declined. New hardware sales were down just over 1% to $1.77 billion, new software was down 5% to $2.45 billion, and pre-owned and value products dropped more than 13% to $1.87 billion. That continued a years-long slide in the company's pre-owned revenues, which last showed year-over-year gains in fiscal 2014.

[InuYashaCrusade]

This ship can't sink any faster, damn.

[Vilya]

Let me know when they're dead and where they're buried that I may piss upon their grave. Sums up how I've always felt about that chain.

[Batman90]

Hopefully they go out of business soon.

[harpolini]

If they are looking to sell the company I can offer them $2 cash or a $2.20 trade value.

[InuYashaCrusade]

Originally Posted by Vilya

Let me know when they're dead and where they're buried that I may piss upon their grave. Sums up how I've always felt about that chain.

You and me both.

[PenguinInfinity]

Originally Posted by Vilya

Let me know when they're dead and where they're buried that I may piss upon their grave. Sums up how I've always felt about that chain.

Originally Posted by Batman90

Hopefully they go out of business soon.

No one is forcing you to shop there and less competition is never a good thing. Why do you want Gamestop to go out of business?

[Batman90]

Originally Posted by PenguinInfinity

No one is forcing you to shop there and less competition is never a good thing. Why do you want Gamestop to go out of business?

I don’t shop there but they are a scam. They say if the game is out of the wrapper then it’s considered used but they will sell a game that’s open as a new game. And they sell used games just as much as much as a new game is.

[erixon20]

I was always surprised that people shopped there.

[PenguinInfinity]

Originally Posted by Batman90

I don’t shop there but they are a scam. They say if the game is out of the wrapper then it’s considered used but they will sell a game that’s open as a new game. And they sell used games just as much as much as a new game is.

What exactly is the scam? If a customer wants to buy a sealed game and Gamestop only has an opened copy they can easily say no and walk away.

[InuYashaCrusade]

Originally Posted by PenguinInfinity

What exactly is the scam? If a customer wants to buy a sealed game and Gamestop only has an opened copy they can easily say no and walk away.

Yeah if it were actually that simple to say no to these cashiers. They borderline harass you to buy a phone service, Pro membership, used over new, preorder a game, hear what new Funkos are coming out, etc. They've got an answer for every single "No thank you" that you can dish out to them.

[PenguinInfinity]

Originally Posted by InuYashaCrusade

Yeah if it were actually that simple to say no to these cashiers. They borderline harass you to buy a phone service, Pro membership, used over new, preorder a game, hear what new Funkos are coming out, etc. They've got an answer for every single "No thank you" that you can dish out to them.

You have had very different experiences than I have. When I say no they stop asking. Additionally whenever they don't have a sealed copy they always point that out and ask if an opened copy is acceptable.

But even if your experience is as bad you say not a single thing you said is a scam. And why is a bad experience such a problem anyway? If you don't like shopping there then don't shop there. How will Gamestop going out of business improve your life?

[thecalm_7]

Originally Posted by PenguinInfinity

What exactly is the scam? If a customer wants to buy a sealed game and Gamestop only has an opened copy they can easily say no and walk away.

I preordered RDR2 80$ edition there. Paid off in advance. That copy never should have seen a shelf to be displayed or priced. Yet, morning of, opened, and the inner game case opened too and had a round sticker put over the seam like they do on used product. Price sticker on the outer card stock box. Why? It’s new and paid for. I cancelled it but they gave me a nasty attitude. Went elsewhere to find it. That was the last time I preordered. I have a customer who sometimes gives me gift cards as token of appreciation and that’s the only time I go in anymore.
My closest couple of GameStop’s open every copy of games even the limited editions and put stickers on them. I can see it being done on less popular games where they only get in a copy and must shelf it, but 2-3 hundred copies of Kingdom Hearts is ridiculous.

For those giving a gift, it just looks ugly to have a new game opened with price sticker and abrasion from shelving or being packed in their cabinets. I hated having to do that when I worked there 16-17 years ago. Jewel case games were horrid looking for being ‘new’

[InuYashaCrusade]

Originally Posted by PenguinInfinity

But even if your experience is as bad you say not a single thing you said is a scam. And why is a bad experience such a problem anyway? If you don't like shopping there then don't shop there. How will Gamestop going out of business improve your life?

I wasn't the one who said GameStop was a scam, go back and re-read. It isn't one single bad experience, it's every time I have ever been into a GS location, even in different states. I stopped going to GS in 2015 and gave them another chance last month, they failed that chance miserably. Employees would rather scalp store exclusive merch than sell it to a paying customer, that's great, maybe eBay will start paying them once GS goes out of business? Because I'm right back to not supporting them as a company.

[Batman90]

Originally Posted by PenguinInfinity

What exactly is the scam? If a customer wants to buy a sealed game and Gamestop only has an opened copy they can easily say no and walk away.

Say you take a brand new game in to sell and you never even played it but only the plastic was off. GameStop considers that a used game cause the plastic is off but when you go to buy a brand new game that just came out they go in the back get the case and then open a cabinet up and grab the game out of a paper slip and sell it as a NEW GAME. But they turn around and tell people if the plastic is off it’s not new but when they are the one selling a game it’s new to them even when the plastic is off.