CNN Money is reporting that traditional video game retailer GameStop is set to close 2% to 3% of its stores. This means that around 190 stores could vanish. The company blames a lack of big titles towards the end of last year and the fact that Sony and Microsoft didn’t launch new consoles, which doesn’t quite make sense as the PlayStation 4 Pro and Xbox One S were released.

At the core of GameStop’s issues: It’s not selling enough video games. CEO Paul Raines said in a statement Thursday that “the video game category was weak, particularly in the back half of 2016.” That’s because the biggest names in gaming — Playstation maker Sony (SNE) and Xbox maker Microsoft (MSFT, Tech30) — haven’t updated their consoles in a while, Raines said. That creates a lag in business for retailers like GameStop.

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60 Comments »

  1. why are you guys reacting positively to this? they got rid of blockbusters and hmvs, gamestop and eb games are all we pretty much have left when it comes to giant videogame retailers. so yah, they’ll give you $4.50 for your 3 month old title (sarcasm) but I know everyone will miss the nostalgia of walking in to pick up your pre order.

    Liked by 1 person

  2. isn’t it more likely that they’re having trouble competing with online purchasing of games such as amazon? I often hear my friends talking about getting really good deals from online. Meanwhile you have to wait for a game to become used and maybe it’ll have a bit of a discount.

    Liked by 3 people

  3. I’ll blame a bad buisness model which creates pushy employees who are relentless with needless promotions times the fact that we are moving to a digital only model (I for one love having my library with me always but I’m not the play a game/beat it/trade it customer anymore), anyway, the loss of Gamestop is not a loss.

    In other words, Bye Gamestop.

    Liked by 4 people

  4. Really? System cycles go 5 years per system release. The P4 Pro and X1S release in 2016, not to mention GameStop was saying how well it was selling.

    November release:
    – Pokemons sun / moon for 3ds
    – Final fantasy 15 for all systems
    – Call of Duty with MW 1 bundle for all systems
    – Dishonored 2 for all systems
    – Watch Dogs 2 for all systems

    December Release:
    – Last guardian Guardian for P4
    – Dead Rising released for X1

    Am I missing something? I know I left out games but GameStop, you suck as a company, not because of the games weren’t released.

    Like

    • yeah, when they closed the one I used to go to about a year ago, I was a little bummed. Then I found out there was another one two blocks away. It’s just better for them to not have to compete with their own stores for sales.

      Liked by 1 person

      • For sure… i found it odd as well. Years ago there was more competition for dedicated video game stores but gamestop has just about cornered that market with some strays, regional chains or local buy-sell-trade spots

        Liked by 1 person

  5. It’s sad to say, but I’ve pretty much replaced GameStop in my life. Amazon gets me what new games I want in two days, and Ebay helps me out when I’m looking for that old game that’s no longer manufactured. The only time last year I ever stepped foot in a Gamestop was to spend Gamestop gift cards that family members have given me for Christmas.

    Like

    • King Kalas X3 {Greatness Awaits at Sony PlayStation 4! Hopefully it will also await us at Nintendo Switch if Nintendo doesn't FUCK things up again!}

      Something we agree on. Although, my nearest GameStop is fine for the most part. Most of the employees aren’t pushy or trying to keep me in there for hours just to get me to get something I don’t fucking want.

      Like

  6. Only a retard can react to this in a positive way, the death of retailers means having to buy everything digital, thus no longer owning the product and being completely unable to resell or lend.
    Just because their trade-in is a scam it doesn’t mean we don’t need them to buy physical shit.

    Liked by 1 person

  7. I hope the two I frequent aren’t on the chopping block- I work right by one and my friend and I always went to the other one practically on a weekly basis to see what’s new and just say hi, before he was in his accident. I can’t lose those.

    Liked by 1 person

  8. Hey Sickr, guess what most of the news about GameStop closing 100 is wrong. I work at GameStop and I know exactly what’s going on and why they are closing over 150 stores.

    Like

  9. King Kalas X3 {Greatness Awaits at Sony PlayStation 4! Hopefully it will also await us at Nintendo Switch if Nintendo doesn't FUCK things up again!}

    I hope the GameStop nearest to me isn’t on this chopping block. I actually like mine. That & I got the Pro Powerup Rewards Card the other day. At least give me a fucking year to enjoy that first, damn it! D:

    Like

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