Gamestop, it may be Game Over according to last years annual revenue loss

[TopSilver]

According to well known news analyst IGN it may be game over for gamestop after receiving their annual revenue report which ended November 3rd of last year. They lost an overall $488.6 million dollars in annual income.

This chart below shows the net gain and loss up to 2017 which should paint a picture for 2019. What could it be that is setting this trend of declining sales in the game market? As some of you know gamestop is the big dog around the US and bought out EB games and other companies already but it seems it just hasn't been enough.

They are losing to digital sale increases. What makes you want to walk into a store and buy a game when you can just buy it digitally now? Use your credit/debit card and buy it and as soon as you do it downloads. Seems to be a trend these days especially with pre-orders. You don't even have to go back to the store when you pre-order a game when you do it digitally because you can even pre-load them now.

What do you all think? Anyone rather have the physical game copy? What makes you a consumer want to go into a store to buy a game instead of having it with the click of a controller button?

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[NewsProject]

RE: Gamestop, it may be Game Over according to last years annual revenue loss

GameStop is good.

 

[bittersweet]

RE: Gamestop, it may be Game Over according to last years annual revenue loss

GameStop is good.

Have you lost your marbles man? GameStop stopped being great when they quit with all of the promotional events for new games. I miss the days of midnight launch parties for games like Halo 3 where they would host tournaments with prizes, hand out collector items, etc.
Now they're just another place to buy video games. Only thing I ever pay for from them is for the GameInformer magazine.

 

[TopSilver]

RE: Gamestop, it may be Game Over according to last years annual revenue loss

Have you lost your marbles man? GameStop stopped being great when they quit with all of the promotional events for new games. I miss the days of midnight launch parties for games like Halo 3 where they would host tournaments with prizes, hand out collector items, etc.
Now they're just another place to buy video games. Only thing I ever pay for from them is for the GameInformer magazine.

Yeah personally I still use them once in a while and sometimes order stuff from their website but they're losing out to digital downloads.

 

[bittersweet]

RE: Gamestop, it may be Game Over according to last years annual revenue loss

They were alright when you needed to get rid of games and could trade them in for store credit. I did that a time or two to get a console. I would trade in the games for the older console since I wouldn't be playing most of them again and the older console itself if I still had the original parts.

 

[Demon_skeith]

RE: Gamestop, it may be Game Over according to last years annual revenue loss

Safe to say Gamestop got a bit of booster shot from all the madness of late, so I don't think they will be going anywhere though I suspect their physical stores will vanish and they will simply maintain a strong website like Amazon.

 

[Naiwen]

RE: Gamestop, it may be Game Over according to last years annual revenue loss

I think they're over-priced myself.

 

[Demon_skeith]

RE: Gamestop, it may be Game Over according to last years annual revenue loss

I think they're over-priced myself.

anything retail is, which is why online (or more importantly ebay) is a lot better for gamers these days.