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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Analysts Praise Microsoft's Sea Change on Xbox One Restrictions

June 20, 2013 -

Two equity research firms have weighed in this morning on Microsoft's decision yesterday to give up on its Xbox One used games restrictions, region locking, and internet connectivity requirements. First up is BMO Capital Markets, who said in a note to investors this morning that this was good news for the industry - and in particular GameStop.

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Report: Wii U Basic Being Discontinued at GameStop Later This Month

June 5, 2013 -

Update #2: The Wii U's Basic Set model is not being recalled, according to a statement from Nintendo of America to Polygon:

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Analyst: Pre-Owned Market Could Generate $2.5 Billion in Credits for Trade-Ins on Next-Gen

June 3, 2013 -

According to analyst Colin Sebastian from equity research firm Baird Equity, the trade-ins on current generation console software and hardware has the potential to generate an estimated $2.5 billion in credit at retailer GameStop (to be used on next-gen consoles). Sebastian came to this conclusion after speaking with executives at the specialty retailer to discuss how it could diversify sales through the pre-owned and mobile markets.

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GameStop Assures Consumers that PS4 and Xbox One Games Can Be Resold

May 22, 2013 -

While Microsoft is being a little bit cagey about how it will handle used games on Xbox One, GameStop is trying to reassure consumers that next-generation games will be able to be bought and sold. Speaking to Forbes, GameStop president Tony Bartel explained why having the ability to buy and sell games is important as consoles transition.

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GameStop to Stop Accepting PS2-Related Items as Trade-Ins June 1

May 6, 2013 -

According to the image to your left, GameStop will no longer be accepting trade-ins on various PS2 related items and systems as of June 1, 2013. That means if you want to trade those PS2-related items in for something new you'd better do it in the next couple of weeks. The image comes from a Reddit user named eGORapTure, who spotted the sign at his local GameStop.

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GameStop: PS4 Demand Will Outstrip Supply at Retail

April 2, 2013 -

While some may question the power of the PS4 at retail at the end of this year, retailer GameStop has absolutely no doubt that Sony's next home console system will be very, very popular.

"Although we have been given no official numbers by Sony we do believe that demand will far outpace the supply of this product during the launch window," GameStop president Tony Bartel recently told investors.

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Baird Equity Research Report Calls Speculation on Used Games Restrictions 'Misguided'

March 21, 2013 -

A research report on GameStop from equity research firm Baird Equity Research predicts that the games retailer will miss estimates for Q4 earnings. The company is set to release Q4 earnings next Thursday, along with initial guidance for fiscal year 2013. Baird Equity points to weak hardware sales and software prices that are " under pressure." GameStop could see a boost from the next Xbox announcement, the E3 trade show in June and launch of new hardware in the fall, according to the firm.

Baird Equity Research Report (PDF)
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Former GameStop VP Sentenced to 51 Months in Federal Prison for Embezzlement

March 12, 2013 -

A former executive from GameStop's Texas division has been sentenced to 51 months in prison for embezzling $1.7 million from the company by setting up a shell company, according to an announcement by the U.S. Attorney's Office. Frank Christopher Olivera, the now former Vice President of corporate communications and public affairs at GameStop Texas was convicted this week.

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GameStop to Close 250 Stores in 2013

February 13, 2013 -

During its part in the recent Goldman Sachs Technology and Internet Conference, video game retailer GameStop revealed that it plans to close 250 retail stores in 2013. CFO Rob Lloyd said that the company would close unprofitable and marginally profitable stores and shift customers to retail stores that are "nearby" those locations. Of the 250 closures, around 200 of those stores are in the United States.

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GameStop Executive: Blocking Used Game Sales Will Hurt Next-Gen Console Adoption by Consumers

February 7, 2013 -

Speaking to Bloomberg GameStop VP of public and investor relations Matt Hodges said that the consumer's desire to purchase a next-generation console will be "significantly diminished" if manufacturers were to block the ability to play used games.

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GameStop Holiday Sales Fall 4.6 Percent

January 8, 2013 -

Video game retailer GameStop revealed that sales for the last nine weeks of 2012 came in at $2.88 billion, a 4.6 percent decrease from the 2011 holiday shopping season. The retailer blamed a lack of in-store traffic as the primary cause. Second-hand sales were also down 15.6 percent because of limited inventory, according to GameStop. New game sales were also down by 5.1 percent, while hardware numbers were down 2.7 percent.

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Matthew WilsonI have said it before net nutrality will not be made in to law until Google or Netflix is blocked, or they do what they did for sopa and pull their sites down in protest.04/23/2014 - 8:02pm
Andrew EisenGee, I guess putting a former cable industry lobbyist as the Chairman of the FCC wasn't that great of an idea. http://www.nytimes.com/2014/04/24/technology/fcc-new-net-neutrality-rules.html?_r=204/23/2014 - 7:26pm
Andrew EisenIanC - I assume what he's getting at is the fact that once PS3/360 development ceases, there will be no more "For Everything But Wii U" games.04/23/2014 - 5:49pm
Andrew EisenMatthew - Yes, obviously developers will eventually move on from the PS3 and 360 but the phrase will continue to mean exactly what it means.04/23/2014 - 5:45pm
IanCAnd how does that equal his annoying phrase being meaningless?04/23/2014 - 5:09pm
Matthew Wilson@Andrew Eisen the phrase everything but wiiu will be meaningless afer this year becouse devs will drop 360/ps3 support.04/23/2014 - 4:43pm
Andrew EisenFor Everything But... 360? Huh, not many games can claim that title. Only three others that I know of.04/23/2014 - 3:45pm
MaskedPixelantehttp://www.joystiq.com/2014/04/23/another-world-rated-for-current-consoles-handhelds-in-germany/ Another World fulfills legal obligations of being on every gaming system under the sun.04/23/2014 - 12:34pm
Matthew Wilsonhttp://arstechnica.com/gaming/2014/04/steam-gauge-do-strong-reviews-lead-to-stronger-sales-on-steam/?comments=1 Here is another data driven article using sales data from steam to figure out if reviews effect sales. It is stats heavy like the last one.04/23/2014 - 11:33am
Andrew EisenI love RPGs but I didn't much care for Tales of Symphonia. I didn't bother with its sequel.04/23/2014 - 11:21am
InfophileIt had great RPGs because MS wanted to use them to break into Japan. (Which had the side-effect of screwing NA PS3 owners out of Tales of Vesperia. No, I'm not bitter, why do you ask?)04/23/2014 - 10:52am
RedMageI'm still disappointed the 360 never broke into Japan either. It had a bevy of great RPGs in the late 2000s.04/23/2014 - 9:48am
TheSmokeyhttp://www.huffingtonpost.com/2014/04/22/call-of-duty-swatting-hoax_n_5195659.html?utm_hp_ref=canada&ir=Canada CoD loser calls SWAT on person who beat him04/23/2014 - 7:13am
MaskedPixelantehttp://www.joystiq.com/2014/04/23/xbox-one-reaches-japan-on-september-4/ Just give it up, Microsoft. You're NEVER going to be big in Japan, especially now that the notoriously clunky in Japan Kinect is MANDATORY.04/23/2014 - 7:10am
Cheater87Has this been posted yet? http://www.destructoid.com/blogs/Lord+Spencer/ssv-saudi-arabia-bans-bravely-default-because-it-promotes-pedophilia--272016.phtml04/22/2014 - 9:31pm
ZippyDSMleehttp://www.escapistmagazine.com/news/view/133898-Fatal-Frame-V-Coming-Exclusively-to-Wii-U04/22/2014 - 8:50pm
Matthew Wilsonit is a game worth playing if you have a pc/360/ps304/20/2014 - 9:34pm
MaskedPixelantehttps://twitter.com/IGLevine/status/457552538343325696 The Lutece Twins show up in some of the most unlikely of places.04/20/2014 - 2:44pm
Andrew EisenAs it happens, Chinatown Wars is the only GTA game I've played.04/19/2014 - 10:43am
Papa MidnightWith GTA5 (to date) failing to even provide indication of a PC release, I'm realising that this might be the first GTA game that I have not played (outside of Chinatown Wars) since the series inception.04/19/2014 - 8:14am
 

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