“Software, it mattered in the past. Software today makes up less than 12% of the business, and collectables makes up over half the business. So, it’s totally, totally irrelevant.”
12% of your business is no way anywhere near "irrelevant."
It depends on what that 12% is.
Is it revenue, or is it profit? And does that Include both new and used games?
New games have a very small profit margin compared to used games and merch.
Might even mean 12% of business transactions/goods sold. The profit margins, customer retention, market stability, minimal losses etc might be in other goods favour.
Given how many codes/games/etc a store might order that do not sell (losses to account for), games are much less 'shelf stable' compared to a plushie of a pokemon first shown on TV 25 years ago. Digital codes and registering also make any return/exchange obligations a bigger loss.
I think there's several reasons a company might see games as a high-risk good when compared to collectibles.
I just wish they hadn't destroyed ThinkGeek.....
The 12% is the reason people come and buy the other 88%
Nintendo sells more in merch than in software, they should stop too
To be fair, GameStop has essentially become an overpriced merch retailer.
I’m honestly surprised they haven’t merged with Hot Topic.
They did buy out ThinkGeek, so... very close.
😭 🥀 God I wish I had gotten more of those novelty homewares while I still could. I'm an adult, I accept I need a laundry basket.... but nobody else would've sold me a collapsible radioactive waste barrel.
I enjoyed the 'bloody handprint' shower curtain, but by the time I had enough money to get such items as yhr matching bloody-footprint bathmat with intention, ThG was gone for good.
I miss thinkgeek too! 😑
When were they not?
No worries, our plan is just to become to games what Hot Topic is to music.
Coincidentally, GameStop is also irrelevant to Games.
Coincidentally, GameStop is also irrelevant ~~to Games~~
Game? Stop!
No, money down!
Where's that from again? Somehow I hear Will Arnett saying that.
I remember seeing it from Lionel hutz in the Simpsons voiced by Phil Hartman RIP
Used games account for over 20% of their revenue.
This information is publicly available as they are publicly traded.
This claim is a an insult to the average readers intelligence.
These days, they are an insult to gamers.
Makes sense. The last 2 times I was there for a recently released game, they didn't have any copies and berated me for not pre-ordering.
Back when I commuted to the office, I'd stop into Gamestop pretty much daily. Got to know the manager pretty well.
I was surprised to find out that Gamestop purchased a pre-set amount of games for new releases, and allocated based on pre-order numbers. That meant that a pre-order wasn't even an order. Your order could be one of one, and thus the store gets nothing from the delivery. Absolute insanity.
Well they're not called 'GameGo'
Just change the store name to Stop.
Because GAME already went broke.
They are a collectibles and trading card company. The games have stopped
They pulled a reverse Nintendo?
Sort of the joke with the meltdown over PS6 going all digital.
If they hadn't, who would be left to retail them?
This is the same one who thought he could buy ebay right? Doofus.
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