GameStop: 70 Percent of Used Game Sales Profits Are Spent on New Games

August 6, 2012 -

While some game publishers and developers have come out hard against the sale of used games, GameStop's president Paul Raines says that the myth that used games are cutting into new game sales is just - a myth. Speaking to Gamasutra, Raines said that 70 percent of all income derived from used game sales by consumers is almost immediately spent on purchasing a new game - to the tune of $1.8 billion to the US games industry every year.

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GameStop Investigating Digital Used Game Sales in Europe

July 27, 2012 -

GameStop is apparently paying close attention to the recent decision by the European High Court that digital purchases could legally be resold. Speaking to GameSpot, GameStop CEO Paul Raines said that the video games retailer is seriously looking into the idea of creating a business out of reselling digital downloads in Europe, but cautions that it is too early for him to say if it is something they will get into. At this point the company is simply investigating the idea.

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GameStop Offers 30 Percent Bonus to Trade-In Cash Used to Purchase Steam Gift Cards

July 13, 2012 -

If you would prefer to spend your hard-earned cash on digital goods but also want to trade-in some of your used games too, then GameStop is offering a deal worth mentioning. For the remainder of Steam's massive summer sale trade-ins at GameStop will net you an additional 30 percent in value if you put that credit towards the purchase of a Steam gift card. The deal runs until July 23.

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GameStop: Next-Gen Consoles Will Allow Used Games

June 6, 2012 -

Despite all the talk about a next-generation console future where consumers are not allowed to play their used games by evil platform holders like Microsoft and Sony, retailer GameStop says that such a future is unlikely. The video game retailer firmly believes that the next generation consoles from both Sony and Microsoft will handle the business of retail trade-ins and used game sales the way they always have - by mostly ignoring them. The company made its remarks during an investor meeting with analyst firm Baird Equity Research.

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GameStop Brings PSN DLC Purchasing Power to Stores in Europe and Australia

June 1, 2012 -

GameStop International and Sony Computer Entertainment Europe have partnered to bring PlayStation Network DLC to 1,600 retail video game stores throughout Europe and Australia. This includes stores in Australia, New Zealand, France, Italy, Spain, Germany, Austria, and Switzerland. Consumers can purchase downloadable content in stores using cash, gift cards, and in-store credits from trade-ins to buy the DLC.

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GameStop: Physical Retail Numbers Down, Digital and Pre-Owned Up in Q1

May 17, 2012 -

Video game retailer GameStop announced its first quarter 2012 financial results this week, showing that physical retail numbers were down, while used games and digital sales were up. While the company saw a decline in overall net income and sales for the quarter, its reported income was in line with earnings targets.

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Report: Steam Cards in GameStop Stores Next Week

May 11, 2012 -

According to a C&VG report games retailer GameStop will begin stocking Steam cards May 15 in a majority of its U.S. stores. The idea of having a retail card is that it gives those who do not have a credit card the ability to put cash towards a card they can use to buy games on Steam.

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GameStop Settles California Used Games Class Action Lawsuit

April 10, 2012 -

Law firm Baron and Budd has reached a settlement agreement with GameStop over DLC. The firm filed a class action lawsuit against the video game retailer over DLC and labeling related to used games. In the United States District Court for the Northern District of California, Senior District Judge Thelton E. Henderson entered an order approving a class action settlement Baron and Budd reached with GameStop.

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GameStop Signs Digital Distribution Deal with Blizzard

March 23, 2012 -

GameStop is banking on a new deal with Blizzard that it hopes will shore up its digital sales over the next several years. The deal will see GameStop offer customers the ability to buy games and digital goods for Blizzard games in the retailer’s stores in the U.S. and other regions. Diablo III, coming May 15, will be the first game sold via download codes in the stores.

Next Xbox with Anti-Game Technology Unlikely, Says GameStop

March 22, 2012 -

During a conference call to discuss its latest results, US video games retailer GameStop tried to put to bed a rumor (that surfaced in January) about the next Xbox console from Microsoft would have some kind of anti-used game detection technology in it. GameStop's CEO tried to put the rumor to bed, calling the whole idea "unlikely."

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GAME's Options Moving Forward

March 22, 2012 -

MCV writer Christopher Dring runs down the list of companies that might be able to pull troubled UK games retailer GAME out of its financial troubles. The names thrown around in his article include private investment firm OpCapita, US-based retailer Walmart, US-based games retailer GameStop, and retail restructuring firm Hilco. Along with listing all the reasons these companies might have an interest in buying GAME, the article lists all the reasons what harm such deals could do to the retailer.

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Kongregate: One Year After GameStop Purchase

March 16, 2012 -

Speaking to GamesBeat, Kongregate co-founder Jim Greer says that life has been good for the indie gaming portal and social network. Greer tells VentureBeat that Kongregate doubled the number of virtual goods-based games on the site and has managed to triple virtual goods revenue in the last year. He claims that those virtual goods sales now make up 80 percent of the site's revenue.

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Report: Australian Stores Holding Up a GameStop Acquisition of GAME

February 29, 2012 -

According to an MCV report that relies on anonymous sources, GameStop is interested in buying troubled UK games retailer GAME, but doesn't want to buy the stores in Australia because it conflicts with the business operations they already have there with EB Games. GameStop runs 6,627 stores in 17 territories, which includes a number of Australian EB Games stores it took over after the 2005 merger with retailer Electronics Boutique.

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GameStop Closes Northern Ireland Stores

January 24, 2012 -

According to a report from MCV, U.S. games retailer GameStop has closed down stores in Northern Ireland this week. The company had three stores in the region, and why it has decided to close them down is unknown at this time. According to web site TheGamingLiberty, employees were told about the closures on January 22.

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GameStop Declares iOS Trade-In Program a Smashing Success

December 28, 2011 -

In a press release issued this morning video game retailer GameStop trumpeted the success of its iPod, iPhone and iPad buy-back / trade-in program. The company claims that in the months since it began accepting trades on iOS devices, it has seen "strong consumer enthusiasm for the program." GameStop customers trading in an iPod Touch get up to $180 in cash or in-store credit, up to $300 for an iPhone, and up to $400 for an iPad.

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GameStop's Skylanders Action Figure Grab-Bag Shenanigans

December 2, 2011 -

GameStop has put a questionable practice in place for adults seeking to purchase single action figures for Activision's Skylanders from its web site. In case you are not familiar with Skylanders, the game features a portal peripheral that you connect to your console of choice to scan in action figures which then become playable in-game. There are 30+ action figures but apparently supply is low because Activision didn't anticipate the demand for them and the supplier is overseas.

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GameStop Sued by Former Employee over Uncompensated Time Due to Security Checks

November 23, 2011 -

Video games retailer GameStop faces a lawsuit filed by a former employee who claims that employees who endured constant security checks during breaks and meals were not properly compensated for the time it took. GameStop has a policy of conducting mandatory security checks on employees when they take breaks or finish a shift. The lawsuit filed in California isn't about privacy or employee dignity, but about the amount of uncompensated time it takes.

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Consumer Reports: Microsoft is Nice, GameStop is Naughty

November 22, 2011 -

Uh oh!  Looks like one popular games retailer may be getting a lump of coal in its stocking this Christmas.

Consumer Reports has released its 2011 Naughty & Nice Holiday List.  First introduced last year, the list examines various companies’ shopping policies and gives them a thumbs up or thumbs down depending on how consumer friendly they are.  Consumer Reports notes that the list merely comments on specific policies, not “everything else the company does or how it treats its customers.”

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GameStop Sells 600K Elite Memberships

November 18, 2011 -

As part of its latest financial results games retailer GameStop revealed that it sold well over a half-a-million Call of Duty Elite subscriptions. The Call of Duty Elite subscriptions were a big hit at GameStop stores, mostly due to the November 8 launch of Call of Duty: Modern Warfare 3. Elite sales certainly helped GameStop's digital business, which the company expects to exceed internal expectations of $450 million for the current fiscal year. So exactly how many Elite subscriptions were sold? According to GameStop, right around 600,000.

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Digital Sales Up, Profits Down for GameStop

November 17, 2011 -

US video game retailer GameStop announced that it recorded sales of $1.95 billion for the third quarter ended October 29, up by about 2.5 percent from $1.9 billion in the same period a year ago. The company reported that profits were down ever so slightly from $54.7 million to $53.9 million, which it blamed on lower sales of new software.

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GameStop UK Offers BF3 for MW3 Trade-In

October 20, 2011 -

GameStop UK has an interesting trade-in offer that will give consumers across the pond Modern Warfare 3 for 0.99p. All they have to do is buy Battlefield 3 before October 27, then buy Modern Warfare 3 before midnight on November 7. If consumers who bought Battlefield 3 send it back to GameStop UK before November 18, their GameStop accounts will be refunded for MW3 minus £0.99.

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GameStop: We Have an Advantage over OnLive, Gaikai

September 28, 2011 -

In a quick-and-dirty interview with IndustryGamers, GameStop President Tony Bartel confidently proclaims that the world's largest games retailer has a huge advantage over streaming game services such as OnLive and Gaikai. When asked the question "How do you see cloud gaming evolving as a business model?," Bartel responds by saying that their advantage is knowledge of what customers are buying in advance:

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GameStop Launches iOS Device Trade-In Program

September 13, 2011 -

As we reported last week, GameStop has launched an iOS device trade-in program that allows consumers to trade in their old iPad, iPhone, iPod, Mini, Shuffle, or Nano devices for in-store credit. GameStop is not saying how much they'll pay for each system, but they are saying what condition it has to be in order for consumers to sell it to them. The company said that it will not accept iOS devices in with the following issues:

- iPod, iPhone or iPad devices with dents, severe scratches or personal engravings on the casing.

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GameStop Buying Used iOS Devices

September 6, 2011 -

Have a crappy iPhone lying about? Well apparently you can resell it to GameStop. The world’s largest video game retailer will start buying Apple's iOS devices from customers, according to a report from 9to5Macs. According to a screen grab from the site, GameStop is saying that it buys iOS devices for store credit:

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Boy Finds Dirty Drawing in Used Wii Game

September 2, 2011 -

Traci Turner bought her 6-year-old son a used copy of Mario & Sonic at the Olympic Winter Games so he and all his little friends could entertain themselves during a playdate.  Needless to say, she was a little shocked when he showed her the naughty images he’d found drawn on the inside of the game’s case.

“They were extremely inappropriate. It was very sexual in nature and I was not prepared to answer the questions of what was going on in the picture,” said Turner.

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GameStop Issues Apology for OnLive Coupon Fiasco

August 26, 2011 -

While GameStop was bold in removing OnLive coupons from PC retail copies of Deus Ex: Human Revolution, it found some humility today as it realized that yesterday's situation put them in a bad light with customers. Many customers felt that, by taking a coupon that was worth around $50 out of those boxes, the company was ripping them off.

Today GameStop CEO Paul Raines issued an apology via email to customers and offered an olive branch to smooth things over.

"Dear GameStop customer,

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GameStop Pulls Deus Ex: Human Revolution for PC from Stores

August 24, 2011 -

UPDATE: Square Enix has acquiesced to GameStop, issuing an official statement apologizing for the inclusion of a third-party coupon without informing the retailer about it prior to the game's retail release. The news comes from an updated report on Giant Bomb. Square Enix issued the following statement:

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Attorney Mark Methenitis on GameStop-OnLive Fiasco

August 24, 2011 -

Wired's Game | Life taps into the legal expertise of attorney Mark Methenitis to determine if GameStop might face legal action for removing OnLive coupons from PC retail boxed copies of Deus Ex: Human Revolution.

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GameStop Deprives Customers of Free OnLive Deus Ex: Human Revolution Coupons

August 24, 2011 -

Yesterday it was revealed that cloud-gaming service OnLive and Square Enix had teamed up for a special promotion that would give consumers that bought a retail copy of Deus Ex: Human Revolution for PC a free OnLive version of the game. Well, apparently retailer GameStop was not interested in participating in the promotion. The retailer took steps to make sure its customers did not get an OnLive version of the game - and they did it without telling them.

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GameStop: Traditional Sales Down, Digital and Pre-Owned Sales Up

August 18, 2011 -

GameStop this week reported sales and earnings for the second quarter ended July 30, 2011. While store sales of traditional boxed software and hardware declined, the company found a silver lining with better-than-expected digital sales and pre-owned sales. Total sales for the second quarter of 2011 were $1.74 billion, a decrease of 3.1 percent compared to $1.80 billion in the prior year quarter. Total company comparable store sales were -9.1 percent, impacted by lower hardware sales and a lighter software title releases than the prior year quarter.

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Andrew EisenYeah, I'm hearing a lot of great things about that game and I'd love to give it a go. Too bad it's For Everything But Wii U.08/01/2015 - 2:13pm
Matthew Wilsonmy god....... people need to play life is strange. its a very very dark version of twin peaks08/01/2015 - 12:56pm
DocMelonheadLook, I know that you guys wanted to study Gamergate; hell, one of your writers were Interviewing KiA on the subject (He's been banned from GamerGhazi). Sadly, the minorities veiwed Gamergate the same way as WBC at best, and Nazis at worst.08/01/2015 - 12:31pm
DocMelonheadIP wanted you to know that GamerGate is about Harassing minorities into submission, not "Ethnics in Journalism". It been a year since the Zoe Post was published and sparked a hate mob on Zoe Quinn.08/01/2015 - 12:28pm
DocMelonheadThat what's IP's goal is here in regard to gamergate: to get you guys to disassociate yourselves from the harassers that made all those claims up to threaten the advocates of social justice for minorities.08/01/2015 - 12:24pm
DocMelonheadIP tries to demonize all of GamerGate and it's supporters, along with those who didn't outright condemn it as a cover for a hate mob full of bigots.08/01/2015 - 12:20pm
MechaCrashNo, IP is trying to dehumanize you, I'm just pointing out that you're a hypocrit who makes bad faith arguments.08/01/2015 - 11:56am
Andrew EisenAnd I'm off too. Play nice, y'all!08/01/2015 - 11:33am
Andrew EisenIn short, discussions of ethics in journalism? Totally fine. Said indie dev's sex life? Not okay.08/01/2015 - 11:31am
james_fudgeTry talking when you have hundreds of people tweeting at you at the same time :)08/01/2015 - 11:30am
Andrew EisenAnd yet, when 30-seconds of research showed that there was no relevance to said indie dev's sex life, many people kept talking about. Hell, still do to this day. I had a guy on Twitter pester me about this nonsense for an entire day last weekend.08/01/2015 - 11:30am
james_fudgeWhatever dude, you're here posting. No one's stopping you.08/01/2015 - 11:30am
Goth_SkunkBe advised: In approximately 30 minutes I'm heading out of town for an obligatory family reunion. This is being stated so that none can interpret my upcoming 24 hour hiatus as a tail-tucking turn from discussion.08/01/2015 - 11:28am
Goth_SkunkEven now, IronPatriot, MechaCrash, and Craig R. continue to attempt to shout me down and dehumanize me.08/01/2015 - 11:25am
Goth_SkunkWhat transpired afterwards was a concerted effort to shout down and dehumanize those trying to bring these matters out into the open. I remain utterly convinced of this to this day.08/01/2015 - 11:24am
Goth_SkunkAnd yet the sex life of this indie developer tied right into the matter of journalistic ethics, as investigations uncovered a great number of breaches of ethical conduct, both related & not. That scandal is the orifice from which the balloon is inflated.08/01/2015 - 11:20am
MechaCrashI am reminded of the saying about playing chess with a pigeon.08/01/2015 - 11:13am
Andrew EisenThis is supported by, well, what actually happened, but also the text of the actual leaks. That was Tito's question and what he and a few (four total, I think) were discussing.08/01/2015 - 11:11am
Andrew EisenNo, it's not. What was generally prohibited was not discussion of journalistic ethics or other GamerGate topics, but threads that were, for example, discussing the sex life of an indie developer. THOSE are what were locked and removed.08/01/2015 - 11:10am
Goth_SkunkI don't believe you. Not for a second. Every major site with the exception of the Escapist prohibited discussion of GamerGate in its early stages. That is a fact.08/01/2015 - 11:04am
 

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