360°

GameStop Suffers Worst Decline in Eight Months on Dim Outlook

The tumble extends a roller-coaster year for GameStop, which faces a decaying core business. With more consumers downloading games on their devices, there’s less need to visit a brick-and-mortar store. But investors have been betting that a suitor, such as a private equity firm, will swoop in and buy the company.

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bloomberg.com
fluxmulder1998d ago

That's pretty bad. I wonder how long before Gamestop calls it quits.

rainslacker1997d ago

I think they're still turning profits overall, but it's hard to keep shares up because it's a declining business model. If they can't keep investors because there isn't enough growth, or can't gain ones because of the same reason, it means their ability to operate diminishes, because they need that investment to buy product to sell.

That's why they were trying so.hard to find more stable ways to make money, because the specialty retail store is pretty much a dying breed nowadays. It's not just games.

Sirk7x1997d ago (Edited 1997d ago )

Retail in general is just not a good thing to invest in lol. That money could be better invested almost anywhere else.

Soc51997d ago

Not only is it a struggling business model but it’s also the effect of only trying to make money in the short term and annoying your customer base so much that they eventually leave you in the long term.

Unspoken1997d ago

Who uses GameStop anymore? The world is digital now and we don't have to worry about physical media anymore. Just a few more stragglers begrudgingly holding on to the past.

UltimateOwnage1997d ago

The world is Amazon now. I’d wager that the biggest hit GameStop has taken is more related to online game sales, not digital downloads. I personally don’t want to spend time and money driving to a GameStop to likely not find the product I’m looking for because everyone else wants it too, and then have the employees try to sell me other products when I can go to Amazon, click and it’s here tomorrow.

KickSpinFilter1997d ago (Edited 1997d ago )

Bestbuy and Amazon destroy GameStop.
Gamestop is going the way of Tweeter
Robbery of your client base only lasts so long

crazyCoconuts1998d ago

I gonna miss having a place to steal off to while my wife shops for boring stuff.

ApocalypseShadow1998d ago (Edited 1998d ago )

Used games should always be an option. But gamestop is trash. The idea of fun, which is what gaming is all about, just doesn't exist there. It's all about profits.

Software etc, Electronic Boutique, Funcoland, Game Crazy, etc were fun before being bought out or their demise from poor leadership. Gamestop just doesn't have a soul. I go there maybe once a year if they have something I can't find anywhere else that I was tracking down online.

And it's still soulless. If they are having trouble, it's because they don't really have what can't be found elsewhere new. Too many places now where you can buy games without being harassed by them for your pocket money. And even being surrounded by games, toys, accessories and video, it's just not enjoyable. And they have demo machines you can't even play or sometimes not even on. And, are they even pushing and demoing vr?

It should be an E3 experience every week or month there with new game releases to sell them. But it isn't.

CorndogBurglar1998d ago (Edited 1998d ago )

All of this, but also, what's the deal with selling all of those highly overpriced collectibles?

I don't know about you but the Gamestops by me are packed full of worthless stuff no one buys. It just sits there. They have to be losing so much money on all that stuff.

Also, there's 3 separate locations in my town. Two are literally right across the street from each other (one in a strip mall and right across the street in the real mall). The furthest one being only about 10 minutes away from those two in another strip mall. That's gotta be killer overhead and huge waste of money.

The decision makers for GS bust not be very smart business people.

Rachel_Alucard1998d ago

Toys R us went under because they bet all their money on awful pop figures and those crappy skylanders type toys that flood the aisles everywhere. They're trash, they don't sell like they think they do. They are available in too many places so having one collector come to one specific store to buy a specific one is too uncommon for them to be putting that much money into. They think the people who go into gamestop would collect that trash just because it's nerd shit, but it repels most if anything. I go into a game store to buy games, not merchandise.

gamer78041997d ago

yah sorry, was meaning to reply to the thread above yours.

ChasingTheSun1998d ago

THey also try to sell open games as new, they can burn in h#ll for all i care.

Muzikguy1998d ago

I agree with all this. I don't even go into my local GS. I would on occasion because they've got the largest selection around, but it still doesn't give me much motivation to go. Even with all their games, I know they could have more. They just don't because of all that stupid merch they want to sell now. And I agree too that that stuff turns me off from wanting to go in there. All those figures and Pop boxes just make me think about a store that could be so much better. So I started going to Best Buy to get games and they have a tiny collection in comparison. Now that collection should be bigger too and isn't so it's making me want to just say "forget it" and shop online.

Sirk7x1997d ago (Edited 1997d ago )

They should honestly go full collectable shop, sell Magic/Pokemon cards and host official tournaments alongside new and retro video games. Some specific comics and graphic novels. Hell, they could probably score exclusive ones. Tabletop gaming and official video game tournaments too. They could get sponsoring easily, and have advertising infrastructure. Perhaps relocate stores. Renting space at malls is very expensive. Tens of thousands or more per month. Rebrand and sell official merch. Get some really good graphic designers to make some cool t-shirt designs that people want to wear. Have friggin 7/11 microwaveable food/snacks to sell to people while they play, and throwback soda (hella tasty). Make it fun, and a place people want to be, so they're likely to spend money while they're there. Put me in charge of Gamestop please.

gamer78041998d ago

Sorta, some gamestops have great managers and employees while others dont so depending on your location ymmv. The one near me has a great staff and its fun to visit and chat with them. I hope they can make it work.

CorndogBurglar1998d ago

Managers and employees are one thing. I'm talking about the big decision makers of the company. The ones that decide whether to open 3 separate stores withing 10 minute driving distance of each other. The ones deciding that half the store should be filled with overpriced collectibles that don't sell well.

These are not things the managers decide.

RavageX1998d ago

Agreed. As a former employee it's easy to see the company is out of touch. They have a bad habit of throwing random nonsense out to see what sticks. If they would slack off on harassing employees to harass customers the place would be a lot better.

The employees and managers can only do so much when it is the higher ups making all the wrong moves.

Cobra9511998d ago

I'm old enough to remember mom-and-pop shops selling used games for a fraction of the price for new, like $20 for a used copy in good condition of a $50 cartridge game. Then the BS crept in, sweeping away such shops, and replacing them with big-business franchises. The first time I saw a used game selling for only $5 below retail ($55 used, $60 new), I could not believe it. I thought it was a mistake in labeling. Nope. That's when I stopped buying used altogether.

Can't say I'm sorry to see Gamestop flounder.

PlayableGamez-1997d ago

Capitalism is all about profit.

Sirk7x1997d ago (Edited 1997d ago )

The former EB at my mall used to have monthly gaming tournaments when I was younger. People would be there playing Smash tourneys between the time of the mall closing and midnight releases. I miss that.

+ Show (5) more repliesLast reply 1997d ago
BuildTheWall1998d ago (Edited 1998d ago )

Fuck the thieving assclowns at Lame Stop!!! , they should've run the business better & thought about not nearly stealing people's games with their low ass trade credit & then turn around & sell the used copy at near the price as a new copy.

Sirk7x1997d ago (Edited 1997d ago )

It sucks, but I honestly doubt that each store makes a decent amount of profit at all. There's operational overhead and franchise fees that places like Amazon don't have, because they can store and ship so easily. It's hard really for any business to compete with them.

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100°

2K Games’ big Summer Game Fest announcement needs to be Mafia 4

2K Games will take the stage at Summer Game Fest, and it is about time we got some good news about the state of Mafia 4's development.

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theloadout.com
purple1011d 18h ago

Didn’t a leak about a max Payne remake surface a while ago?

banger881d 17h ago

I hope it's Mafia 4. And I really hope it's set during the 70s or 80s, and not a prequel of the first game as was rumoured.

TheColbertinator1d 1h ago

Mafia 4 would be cool if set in a 70s to 80s era

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60°

Call Of Duty On Game Pass Is A Big Risk Big Reward Gamble

Discover the impact of Microsoft's decision to include Call Of Duty in Game Pass. Explore the pros and cons and speculate about future changes.

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gamersocialclub.ca
Elda1d 20h ago

Most folks that have a Gamepass subscription will not spend the $70, they will use Gamepass instead to play COD. MS will most likely make their money from some solely PC players & some solely PS5 owners. Even some PC players may opt to use Gamepass instead of spending $70. I would think MS would want to make every dime they could from retail sales. As long as they put new releases of COD day one on Gamepass, MS will lose out on some sales of COD.

porkChop1d 18h ago

COD makes truck loads of money on microtransactions. That's likely the play. Get more people in the door through Game Pass and sell more microtransactions. Have a steady stream of events to keep people interested so they keep their sub, and then just the sub alone would double the revenue from that player each year.

Elda1d 15h ago (Edited 1d 15h ago )

Buying the game at $70 a pop including the deluxe versions is much better than people subs for a dollar to $15 a month. Die hard fans that usually buy the game also buy into the transactions. Again putting any new COD day one on Gamepass is definitely a sure loss of making some retail money for every copy of COD. With the last iteration of COD being bad most likely people are going to sub to Gamepass to play COD basically saving themselves $70, that is a loss of retail sales.

Kakashi Hatake1d 18h ago (Edited 1d 18h ago )

Most that don't have Gamepass will just buy the game and he done with it. People that do will just result in a retail sale being lost. Some will buy the subscription for the month then be done. This is lose lose. Casuals aren't going to pay almost 300 dollars a year for COD.

ApocalypseShadow1d 15h ago

The reality is that Microsoft already knows the answer as stated by them in their documents. PlayStation gamers have built up an ecosystem of games and they aren't migrating over and dropping what they have to buy an Xbox to play one game in a service you have to pay monthly for. Cheaper to just buy the game. And, I'd bet many casual COD players don't know or care about the acquisition.

Which is why Jim Ryan pushed to make sure that that one game continues to be sold as usual on Sony's platform to keep the status quo. Every other IP owned by Activision are worthless. And Activision has shown they don't care about other IP like Tony Hawk by cancelling them.

Sales WILL be lost on Xbox. That's for certain. Microsoft can only hope that Xbox gamers continue to buy up those micro transactions to make up for those lost sales. Only positive for Microsoft is that they get to dip into PlayStation game sales that we all know from history and NPD, that Sony's console sells more games. But increase subs from Sony fans for game pass? Not happening in any way that matters.

Sony, on the other hand, can have their cake and eat it too. They get COD and they can continue dropping more content for their fastest selling GaaS game which is Hell Divers 2. As the game passes 12 million sales and doesn't beat you over the head with micro transactions, Sony has a win win situation and can support the game getting more content to keep players engaged.

As a side note, COD is probably going to turn into some version of Sea of Fortnite Duty. Games as a service sitting in game pass being milked dry with micro transactions and constant updates making you feel you're playing an unfinished game that keeps going and going with no soul.

Tedakin1d 15h ago

I'm not sure why everyone is acting like COD is a surprise. That was always the plan. They said in court during the FTC case they were doing this. They have said repeatedly and recently all first party games are going to Gamepass.

badboyz091d 7h ago

gamepass like PS Plus are rental services. Games like COD you buy not rent. So in my case unless I plan on keeping gamepass for 2yrs minimum than the benefit of adding cod is pointless.

220°

Ghost of Tsushima PC has 84% positive reviews and a peak online audience of 72 thousand people

On 16 May, the long-awaited release of the PC version of Ghost of Tsushima took place. And the game proved to be a great success on the first day.

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gagadget.com
PrinceOfAnger3d ago

69,477
all-time peak 3 minutes ago.

thorstein3d ago

Nice. It's really cool that PC players get to play this masterpiece.

PrinceOfAnger3d ago

It has surpassed spider man now
it's 71k+
game did this with way shorter time than spider man.

itsmebryan2d ago (Edited 2d ago )

@prince
I'm confused. Does that number mean total players at one time playing like a snapshot
or total sales? If it's the former that's not very accurate because I know I'm not the only person that buys games and plays them later and that number is not included.

RNTody3d ago

Great, I loved this game. Definitely think it's Sucker Punch's best work to date!

rippermcrip3d ago

Is this going to be the new thing thing? Articles about Steam reviews? Which of course was in response to the false article about the review bombings in the first place.

Christopher2d ago

Hey, just a heads up that the new owners did open news to Steam updates, but we try our best to not allow them to go on daily updates unless relevant to some other news. I understand this isn't everyone's cup and tea and sympathize, but the door has been open. If you feel it's 'too much' please do PM me or submit a ticket to the mod team. Thank you.

2d ago
shinoff21832d ago

I came here to post this link in that specific article. 84 perce t is pretty good. How many bad reviews were there like 5

GamerzElite3d ago

This is good game and Ghost eliminate all fake outrage.

CrimsonWing692d ago (Edited 2d ago )

I always get confused by this, but is 72k good sales numbers for a game? I keep seeing games fail at selling 2.5 million and that they need to be on multiple platforms but is an additional 72k adding much?

Fishy Fingers2d ago

Im not sure how its confusing :\

72k actively playing. Not 72k sold.

A good example is Helldivers 2, 6m sold, 450k (at its peak) active players.

But how many swords swung is what we're all really waiting for.

shinoff21832d ago

Lmao. How many swords swung. I was hoping for how many steps

wesnytsfs2d ago

And its how many years old from initial release.

Crows902d ago

72k is concurrent
...that is not the sold figure.

Michiel19892d ago

for one they already had a huge launch on the playstation, they don't need to sell 5m to make the porting to pc profitable and as pointed out below that number you see is just the people playing it at this moment.

Plague-Doctor272d ago (Edited 2d ago )

Also from the insomniac leak we know these PC ports are a quick turnaround and budgeted around $2-4 million. At 100k sales they break even including Steams cut. They may not sell millions but they are a great ROI

elazz2d ago (Edited 2d ago )

72k concurrent. That is a global number. People who bought the game are not playing at the same time because of timezones, working schedules, holidays, events... There is no good rule of thumb but you can extrapolate based on other games that also released sales data. Then it is clear that the PC release alone accounts for at least 500K copies sold on steam, maybe closer to 700-800K. Probably will sell over a million this extended weekend.

According to steamspy and other data gathering sites games like Days Gone, Spider Man, God Of War, Horizon Zero Dawn have sold 2 to 5 million copies on Steam. So I expect Ghost to reach similar numbers. Probably even surpass it.

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