GameStop closing 250 'unprofitable' stores

Updated:05:18 PM CEST Apr,16

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Gameguru Mania News - Feb,14 2013 -

GameStop closing 250 'unprofitable' stores - briefly
(hx) 01:45 PM CET - Feb,14 2013 - Post a comment / read (7)
GameStop will close 250 retail locations in 2013, but open between 60 to 70 stores, including 40 derived from UK retailer GAME's collapse in France. "Closing 250 stores enables us to deal with the very small percentage of stores that we have that are unprofitable, but also to close marginally profitable stores and actually make more money by moving customers to other nearby stores," said GameStop CFO Rob Lloyd at yesterday's Goldman Sachs conference in San Francisco. "We've been successful at that for two years, and we'll continue that program in 2013."

last 10 comments:

Sabot

(03:40 PM CET - Feb,14 2013 )

Got to love the, 'move customers to other stores'. How do they imagine doing that? For instance, HMV closed all 5 stores in our city (last brick and mortar physical cd chain) and the surrounding area. That leaves our nearest store 50+ miles away or going on hundreds of miles south. Guess what? I ain't going to those stores and will buy online at amazon.
They forget, this is about convenience. People don't do, travelling to buy games,CDs or whatever, now. It's expensive and stressful and not worth wasting a day. The profits they make will be where ever their stores are built or opened....but that's a Maybe.
Game didn't exactly close lightly, it was Huge. It also has kept some small stores open, but its stupidly expensive and going to fail... This is what happens when you have a generation that is brought up on owning nothing physical. Legal or illegal. Or game publishers and devs that charge exhorbetant prices that cut their noses off to spite their faces. Both on digital download prices as well as shop.

Tom	(04:02 PM CET - Feb,14 2013 )
I barely buy anything in physical form anymore. Digital works better for me. I've got TB and TB of storage and unlimited/fast internet.

Sabot

(05:48 PM CET - Feb,14 2013 )

Boy, so do i Tom. 120mbps fibre optic, uncapped.
2TB HDD, 3TB NAS can do what i want. This is obviously my age showing, but i like a physical CD to rip to my -high quality- MP3 player or play in my car. I'm not into buying individual tracks, that's like buying a single with a bonus B side. With a digital download you get nothing other than the track you bought.
Games aren't exactly tiny to download either. regardless of speed and then you have the DRM issue that requires a bloody permanent net connection. try playing your STEAM collection when your net is down for whatever? Or how about when someone else wants to play your game -yeah, come round and borrow my PC....not!
Music that is under 320kb ripped are just piss.
yeah, definitely an age thing.

Apathy Curve

(07:36 PM CET - Feb,14 2013 )

"An age thing"? I'm 45 and I haven't purchased a game, book or music on hard media in years. It's dead tech, in my opinion. My wife is 48 and she's the same way. My parents, both over 70, are avid readers and have bought only digital books for the last two years. My mother streams every television show she watches.

A personal thing? Sure. But it has nothing to do with age.

As for GameStop: Bye. Mind the door.

Sabot

(08:55 PM CET - Feb,14 2013 )

Okay, 'experience'.
We too have Kindle and all our books are on it. but big difference to a game or music when it's entirely controlled by DRM. You can 'lend' books on Kindle and buy and share on up to 5 devices on the same account.
As i said, try doing that with games and music as a general rule -note; general rule.
And by not buying games physically your obviously paying through the nose by buying digital. I can pick up physical copies on Amazon a LOT cheaper than a DRM controlled digital download on STEAM for eg brand new. That's fact.
By the way, i'm 50 this year.

Tom

(09:12 PM CET - Feb,14 2013 )

I'm 44, haven't bought a cd in ages. Torrent or Youtube does the trick. As for games etc, I don't care about digital copies or DRM. HD's are cheap, I got like 10TB of space and Steam has it's own dedicated SATA3 drive. Space is not an issue. GameStop closing down stores is nothing surprising to me.

I got Borderlands 2 (ya i know, i got desperate) for 29.99. I was right too, it's boring as shit as was BL1. But I got nothing else to play.

Most games I get from Steam are usually 50% or more off. If Future Shop or Walmart has it cheaper on disk then I may just jump to the store which is a few mins away.. But 9/10 times I buy digital and I really don't care.

Sabot	(08:57 PM CET - Feb,15 2013 )
Yes but as I said its all lovely until the Internet goes tits up. It's just being in denial.

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