Report: GameStop Begins Ramping Up Promotion for 'PowerUp Reward Credit Card'

October 10, 2014 - GamePolitics Staff

Earlier this year GameStop introduced its own credit card - the PowerUp Reward Credit Card, allowing customers to buy various game-related items on credit and earning itself a tidy profit in the process because the card has an APR of 26.99 percent (ouch).

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GameStop Sells Off Spanish Retail Stores to GAME

September 16, 2014 - GamePolitics Staff

GII reports that GameStop will no longer be selling games in Spain. The company announced that it has sold off a majority of its retail stores in the region to UK-based retailer GAME Digital Plc. The stores that were not part of the deal will eventually be closed.

"Our strategic decision to exit the Spanish market was not taken lightly," said GameStop executive vice president Michael Mauler.

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GameStop Details Games and Guests Appearing at 'GameStop EXPO'

August 28, 2014 - GamePolitics Staff

Video games retailer GameStop announced details on this year's GameStop EXPO, set to take place at the Anaheim Convention Center in Anaheim, CA Sept. 9-10.

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GameStop Sees 25 Percent Increase in Global Sales During Q2

August 22, 2014 - GamePolitics Staff

Video games retailer GameStop reported a 25 percent increase in total global sales compared to the same period a year ago. The company reported $1.73 billion for the second quarter of this year, a 25.1 percent increase over last year's Q2 number of $1.38 billion. Consolidated comparable store sales increased 21.9 percent and net earnings for Q2 came in at around $24.6 million, up 134.3 percent from $10.5 million in the same period last year.

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GameStop CEO Paul Raines Undergoes Brain Surgery

August 19, 2014 - GamePolitics Staff

Retailer GameStop announced that its CEO Paul Raines underwent unscheduled surgery last week to remove a small, cancerous tumor from his brain. The company revealed the news in a Securities and Exchange Commission filing. The surgery, removed the tumor from an "easily accessible" part of Raines' brain and was a success. Raines is expected to make a full recovery, according to GameStop.

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Report: GameStop Changing Game Trade-In Program

August 5, 2014 - GamePolitics Staff

Video games retailer GameStop is revamping its game trade-in program in a way that will ultimately put more money in consumers' pockets. According to a report on Kotaku (based on a leaked internal memo sent to employees), the new system will officially launch on Aug. 18 and will vastly simplify the retailer's current trade-in program.

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GameStop: We'd Be 'Foolish' To Tell Developers How to Make Games

July 9, 2014 - GamePolitics Staff

GameStop CEO Paul Raines says that yesterday's news that the company wants to get more involved in the development process in order to bring exclusive content to the retailer may have been slightly misunderstood. The Raines interview with Time that comes on the heels of comments from a financial analyst with R.W. Baird who reported that GameStop management was discussing the possibility of ramping up the company's participation in game development during a recent investor meeting.

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GameStop Says $399 Xbox One Seeing Brisk Sales in First Days of Availability at Retail

June 11, 2014 - GamePolitics Staff

Since video game retailer have been offering the Xbox One without the Kinect motion sensing device, the system has been flying off store shelves, according to the retailer. Microsoft began offering the new SKU at retail outlets through North America this week.

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GameStop: Interest in Xbox One Has Grown Since Kinect-Free SKU Announced

May 23, 2014 - GamePolitics Staff

During a conference call last night to discuss the latest quarter's results, games retailer GameStop said that it is seeing a greater interest in Xbox One since announcing the new Kinect-free SKU. Microsoft announced last week that it would roll out an Xbox One SKU that did not include the motion sensing camera technology and that it would be $100 cheaper at $399.

During the call last night, GameStop president Tony Bartel said the company is seeing "stronger demand" for the Xbox One since last week.

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GameStop Revenue Up Seven Percent

May 23, 2014 - GamePolitics Staff

Video game retailer GameStop reported earnings for the quarter ended May 3, last night after the closing bell. The retailer posted $2 billion in revenue, up 7 percent compared to the $1.87 billion it made in the same period a year ago. The company reported a profit of $68 million, an increase of roughly 24.5 percent compared to last year's net earnings of $54.6 million.

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GameStop to Close 120 - 130 Retail Stores Worldwide

April 25, 2014 - GamePolitics Staff

Video games retailer GameStop will close between 120 to 130 of its 6,457 retail locations worldwide, the company announced. The move is part of a plan to focus more on mobile called "GameStop 3.0," according to what CEO Paul Raines said at GameStop's 2014 Investor Day yesterday. As part of that initiative GameStop will focus on Mobile and Apple-based devices by launching stand-alone chains like the AT&T-branded chain "Spring Mobile" and the Apple retailer "Simply Mac."

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GameStop Partners With IBM, Texas A&M University

April 3, 2014 - GamePolitics Staff

GameStop announced today that it has entered into a partnership with researchers from the Center for Retailing Studies at Texas A&M University’s Mays Business School and IBM.

IBM will provide the video games retailer with its BlueMix could platform, which will allow GameStop to "incorporate new mobile and cloud apps with previously existing systems, creating an enhanced atmosphere for customer interaction online and in-store."

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GameStop Reports Q4 and FY 2013 Results

March 27, 2014 - GamePolitics Staff

GameStop reported sales of $3.68 billion for the forth-quarter of 2013, a 3.4 percent increase over the $3.56 billion the company reported in the same period a year ago. It comes as no surprise that the retailer attributed the increase in sales to the launches of Sony's PlayStation 4 and Microsoft's Xbox One in November of last year.

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Report: GameStop Fighting Walmart's Used Games Business With Extra Store Credit

March 27, 2014 - GamePolitics Staff

A source close to the situation (who asked not to be named because they were not authorized to talk about the matter) has informed us that GameStop is in a battle at locations around the country that are in a general proximity to Walmart. Walmart launched its video game trade-in program today, offering consumers the ability to trade in their old video game software for in-store credit.

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Analyst Predicts GameStop's Q4 Condition

March 24, 2014 - GamePolitics Staff

Financial analyst Edward S. Williams of BMO Capital Markets issued a report previewing GameStop's fourth quarter results, which will be released on Thursday, March 27, followed by a conference call with investors at 11:00 a.m. EDT. Williams predicts that the video games retailer will report strong hardware sales from the launches of the PS4 and Xbox One for Q4, but weaker software sales during this transitional console period. He also said that severe winter weather, which hit most of the United States in January, may have affected January sales—as well as April quarter sales.

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Report: GameStop Raising the Price on Scarce PS4 Camera

March 6, 2014 - GamePolitics Staff

According to this Polygon report, video games retailer GameStop is engaging in a little bit of price gouging. According to the report, the retailer has raised the price of the PS4 camera peripheral to $69.99. When Sony announced the peripheral back in 2013 it carried a suggested retail price of $59. Last month the device was listed at that price point, but recently the PS4 camera has been scarce or sold out at most major retailers in the United States.

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Kongregate CEO Takes on Diminished Role at Company to Focus on Political Action Committee

February 21, 2014 - GamePolitics Staff

Kongregate CEO and co-founder Jim Greer will step down to focus on a political career of sorts, the executive announced via a blog post on Kongregate.com. Kongregate co-founder and current COO Emily Greer will be taking over as CEO of the casual and indie games website owned by games retailer GameStop.

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Report: Watch Dogs for Wii U Canceled, GameStop Pre-Orders Halted

January 24, 2014 - GamePolitics Staff

Update: Apparently a system error is being blamed for the disappearance of pre-orders for the Wii U version of Ubisoft's Watch Dogs at GameStop. A spokesperson for the retailer tells Kotaku that the error has been corrected and that pre-orders for the game will be available again soon.

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GameStop Holiday Sales Up on New Hardware Sales

January 14, 2014 - James Fudge

GameStop said today that it generated $3.15 billion in total worldwide sales over the nine-week holiday shopping season of 2013. The numbers represent a 9.3 increase over the same period a year ago, which can be directly attributed to new consoles and new console software sales. In fact, GameStop said that hardware sales were up 99.8 percent over the same period a year ago. Go figure.

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GameStop Aims to Raise Half a Million Dollars for St. Jude's Hospital

November 4, 2013 - GamePolitics Staff

GameStop has partnered with St. Jude Children's Research Hospital to raise at least $500,000 in charitable donations for the annual St. Jude Thanks and Giving campaign, which involves a number of companies and personalities including celebrities, media, retail and corporate brands. They all come together to ask consumers to donate while they shop during the holiday season and join St. Jude in finding cures for sick children.

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GameStop Offering Discounts on Pre-Owned Xbox 360s and PS3s

October 10, 2013 - GamePolitics Staff

If you don't already own a PlayStation 3 or Xbox 360 and don't mind buying a refurbished used console, then a sale announced by retailer GameStop might be of interest to you. GameStop is cutting the price of its refurbished PS3 and Xbox 360 consoles from October 11 - 24. No doubt it wants to unload some of its older inventory to make room for the next-generation Xbox One and PS4 launching in late November.

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Report: GameStop Closed 52 Stores During Q2 FY13

August 26, 2013 - GamePolitics Staff

During a recent conference call to discuss its fiscal year 2013 second quarter results, GameStop chief financial officer Rob Lloyd said that the retailer was operating 6,505 stores. The company also said that it added 13 new stores globally during the quarter. That means that during the second quarter which ended on August 3, the company closed right around 52 stores.

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GameStop Revenue for Q2 FY13 Down by Nearly 11 Percent

August 22, 2013 - GamePolitics Staff

Video games retailer GameStop announced financial results for the second quarter of 2013, beating analyst expectations on earnings per share, but posting a loss nonetheless. Total global sales for the second quarter of 2013 were $1.38 billion, compared to $1.55 billion in the same period a year ago - a 10.7 percent decrease. Consolidated comparable store sales also decreased 10.7 percent, slightly better than the guidance provided by the company on May 23.

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GameStop Comments on Xenoblade Pricing, Doesn't Answer Main Question

August 13, 2013 -

Yesterday, it was suggested that GameStop received a new shipment of the fairly rare and in demand RPG Xenoblade Chronicles and is selling them as 'used' for $90.

Why would GameStop mislabel a batch of new games as 'used' when it could command a higher price selling them new?  Like the number of licks required to reach the Tootsie Roll center of a Tootsie Pop, the world may never know because all anyone's been able to get out of the games retailer is why a used copy of Xenoblade costs so darn much.

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Consumers Cry Foul on High Price of Xenoblade Chronicles at GameStop

August 12, 2013 -

When you go to eBay, Craigslist, or some off-the-beaten-path retro game store you expect some level of price gouging to happen. People selling old games in these spaces categorize them as collector's items and try to sucker you into paying $500 for an old copy of a game (like Minish Cap for GBA). But when GameStop does it, you have to wonder what the heck is going on. Apparently that is exactly what the world's largest video gaming retailer is doing, according to this Kotaku report.

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New Jersey Court Approves Used Game Lawsuit Against GameStop

August 9, 2013 -

A federal judge in Camden, New Jersey has given the greenlight on a lawsuit against GameStop filed by three customers who claim that three of the company's South Jersey stores sold used games that sometimes cost more than buying the game new. The lawsuit alleges that GameStop did not disclose to customers that buying used games would have additional costs of anywhere from $10 - $15 online. All three of the plaintiffs bought EA games, which up until recently contained online passes.

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GameStop Offers $50 to Trade Xbox 360 Games For Equivalent Xbox One Title

August 9, 2013 -

GameStop is giving a $50 credit to users who trade in Xbox 360 versions of select games for Xbox One copies. The promotion covers standard retail editions of Call of Duty: Ghosts, Madden NFL 25, FIFA 14, Battlefield 4, and Assassin's Creed IV: Black Flag.

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Ready at Dawn Boss: GameStop Makes a Living at the Expense of Everyone Else

July 22, 2013 -

GameStop is taking everybody for a ride with the pre-owned games market, according to Ready at Dawn Studios boss Ru Weerasuriya. And by everybody he means developers and publishers. Speaking to GII, the head of the studio for God of War: Chains of Olympus and upcoming game The Order: 1886, thinks retailers like GameStop are making "a living at the expense of everybody else."

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GameStop Shuts Down PS4 Pre-Orders

July 9, 2013 -

GameStop has shut down pre-orders for the PS4, according to a Game Informer report. According to the story, the top video game retailer in North America has run through its launch allotment of systems. GameStop issued a one sentence statement confirming the news:

"Due to high demand for the system, GameStop is not currently taking additional store reservations for the PlayStation 4," a GameStop rep. told the publication.

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GameStop Approves of Microsoft's Shift on Xbox One Policies

June 20, 2013 -

The world's largest video game retailer issued a statement praising Microsoft's new policy on Xbox One as "great news" for gamers and is a testament to Microsoft's understanding of the importance of the used game market. The retailer said it welcomed the news, while analysts rightly noted this morning (as the company's stock saw an uptick in trading) that GameStop stands to benefit greatly from Microsoft's shift in policy.

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Andrew EisenMichael Chandra - Unless I overlooked it, we haven't seen how the directive to not talk about whatever he wasn't supposed to talk about was phrased so it’s hard to say if it could have been misconstrued as a suggestion or not.10/20/2014 - 12:35pm
Andrew EisenHey, the second to last link is the relevant one! He actually did say "let them suffer." Although, he didn't say it to the other person he was bickering with.10/20/2014 - 12:29pm
Neo_DrKefkahttps://archive.today/F14zZ https://archive.today/SxFas https://archive.today/1upoI https://archive.today/0hu7i https://archive.today/NsPUC https://archive.today/fLTQv https://archive.today/Wpz8S10/20/2014 - 11:21am
Andrew EisenNeo_DrKefka - "Attacking"? Interesting choice of words. Also interesting that you quoted something that wasn't actually said. Leaving out a relevant link, are you?10/20/2014 - 11:04am
quiknkoldugh. I want to know why the hell Mozerella Sticks are 4 dollars at my works cafeteria...are they cooked in Truffle Oil?10/20/2014 - 10:41am
Neo_DrKefkaAnti-Gamergate supporter Robert Caruso attacks female GamerGate supporter by also attacking another cause she support which is the situation happening in Syia “LET SYRIANS SUFFER” https://archive.today/F14zZ https://archive.today/Wpz8S10/20/2014 - 10:18am
Neo_DrKefkaThat is correct in an At-Will state you or the employer can part ways at any time. However Florida also has laws on the books about "Wrongful combinations against workers" http://www.flsenate.gov/Laws/Statutes/2012/448.04510/20/2014 - 10:07am
james_fudgehe'd die if he couldn't talk about Wii U :)10/20/2014 - 9:16am
Michael ChandraBy the way, I am not saying Andrew should stop talking about Wii-U. I find it quite nice. :)10/20/2014 - 8:53am
Michael Chandra'How dare he ignore my wishes and my advice! I am his boss! I could have ordered him but I should be able to say it's advice rather than ordering him directly!'10/20/2014 - 8:52am
Michael ChandraIf GP goes "EZK, do not talk about X publicly for a week, we're preparing a big article on it" and he still tweets about X, they'd have a legitimate reason to be pissed.10/20/2014 - 8:52am
Michael ChandraIf GP tells Andrew "we'd kinda prefer it if you stopped talking about Wii-U for 1 week" and he'd tweet about it anyway, firing him for it would be idiotic.10/20/2014 - 8:51am
Michael ChandraLegal right, sure. But that doesn't make it any less pathetic of an excuse.10/20/2014 - 8:50am
ZippyDSMleeYou mean right to fire states.10/20/2014 - 8:50am
james_fudgesome states have "at will" employee laws10/20/2014 - 7:50am
quiknkoldIt says in the article that being in florida, you can get fired regardless if its a fireable offence10/20/2014 - 7:19am
Michael ChandraIf your employee respectfully disagrees with your advice, that's not a fireable offense. If they ignore your order, THEN you have the right to be pissed.10/20/2014 - 6:49am
Michael ChandraI... Don't get one thing. If you do not want your employee to do X, why do you tell them it's advice or a wish? Give them a damn order.10/20/2014 - 6:48am
james_fudgeA leak that had me worried about being swatted by Lizard Squad.10/20/2014 - 6:03am
james_fudgeIt should be noted that the author leaked the GJP group names online10/20/2014 - 6:03am
 

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