Browsing the aislesīy far the most common reason my Twitter respondents want GameStop to stick around is as a convenient place just to browse aisles full of physical games. I heard from a significant portion of gamers who think the gaming world will be markedly worse off without GameStop in it. This isn't mere nostalgia for the retail brand that has subsumed stores like FuncoLand, Babbage's, and Software Etc. 9But when I put the question of GameStop's eventual demise to my Twitter followers a few weeks ago, I was somewhat surprised at how many people say they'll be sad to see it go. ( RIP to GameStop subsidiary ThinkGeek, by the way.)įurther Reading How I launched 3 consoles (and found true love) at Babbage’s store no. The company has a reputation in many corners for poor prices on trade-in games, high-pressure sales tactics for extraneous add-ons, unfriendly staffers, poor return policies, and, in recent years, stores filled with toys and Funko Pop figures instead of games. This move comes as part of a "Gamestop Reboot" program designed in part to rebuild stores as gathering places for esports and retro gaming fans.įor many consumers, the seemingly imminent demise of GameStop is not a cause for sadness. And the bad fortune continued yesterday as news broke that GameStop was laying off 50 of its "field leaders," including regional managers, HR staff, and loss prevention leaders. GameStop's COO and CFO departed the company after multi-decade tenures earlier this year. As of today, GameStop stock is trading at less than 9% of its recent peak value in late 2015, and the continuing rise of digital game downloads and even game streaming isn't likely to help the company recover. After giving up on a search for a buyer in January, the company posted a massive loss of $674 million for the most recent fiscal year. Further Reading GameStop posts massive loss as pre-owned game sales plummetMajor game retailer GameStop has been having more than its fair share of struggles lately.
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