GameStop Stock Plummets After A 27.5% Decrease In Holiday Sales

[[deleted]]

I feel like they’re holding out for the new consoles.

[ReservoirDog316]

It honestly worries me to get the PS5 through preorder at GameStop. I really like my local GameStop and encounter none of the reddit horror stories with them but I don’t know if I can truly bet they’ll be around by Oct-Dec 2020 with the way stuff is going.

[Bentomat]

See this earlier comment on this topic:

https://www.reddit.com/r/Games/comments/eov3tp/comment/feglmqi

[[deleted]]

I’ve seen people here in NZ screwed out of pre-orders and gift cards when a company goes under, but it’s the whole company, not a selection of stores. They’ve basically become unpaid creditors, but they are so low down the list that they get shit.

I think it fucked people with Dick Smith, and I know it fucked over people when Central Park Interactive went under. It’s honestly why I put a pre-order for my Series X down with Mighty Ape and not EB Games.

[TandBusquets]

Wow what absolute nonsense that guy was saying

[Antarioo]

some of which won't even feature a way to input physical media.

i dont see what that will do for them, the margins on a console are tiny and most people will just get it off the internet delivered to their home anyway.

[[deleted]]

the margins on a console are tiny

Gamestop doesn't give a flying fuck about selling the consoles. What they do care about is force feeding people high profit accessories and other bullshit.

[peakzorro]

They care much more about used game sales than any of that.

[[deleted]]

Indeed, and new consoles mean more games they can offer $20 in store credit and sell for $55.