Tag Archives: gamestop

Ex-GameStop VP of corporate communications and public affairs Frank Christopher Olivera has been charged with fraud in US federal court, after funnelling over over $1.7 million from the retailer. He faces 51 months in prison.

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GameStop president Tony Bartel had some words for Forbes about why the rumored always-online-never-play-used-games next Xbox might be a bad idea. “Console manufacturers understand that recent surveys indicate 60+ percent of video game consumers would be less likely to purchase a new console that did not play pre-owned games.”
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A recent NPD survey polled gamers on their spending habits, and it turns out that 78 percent of core players will regularly buy used games, while 70 percent regularly buy full digital versions of retail titles.
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Ravaged, the FPS multiplayer online game from 2 Dawn Games, has a new DLC pack available for no charge. It adds a new arsenal of weapons, vehicles, and game modes along with the new chainsaw and flamethrower. It also comes with a moveable dump truck, and two new game modes: Team Deathmatch and Hijack. XP gains have also been improved, and ammo has been reduced to encourage players to “scavenge for weapons and ammo to stay alive.” Ravaged can be picked up on Steam for $9.99, and players can also grab the first Apocalypse DLC Pack for free as well. You can also pick the game up through: Rain Digital Games, 2DawnGames, GameStop, GamersGate, Origin, Green Man Gaming, and GameFly

US Pokémon fans: bring your DS or 3DS and a copy of Pokémon Black, White, Black 2 or White 2 into GameStop from March 4 in order to receive Meloetta, the latest addition to the RPG’s line up.

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A GameStop source close to Joystiq has sent over shots of a pre-order poster for Destiny – the game Bungie is expected to reveal on Sunday. The posters are expected to be placed in stores Monday, and the accompanying paperwork describes the game as one where you create your “own character, earn unique and customizable weapons, gear and vehicles in an always-connected universe,” says Joystiq. Destiny is said to be a FPS containing public and social activities along with co-op and multiplayer. We’ll find out more Sunday.

GameStop CFO Rob Lloyd has confirmed that the gaming retail chain will shutter 250 stores this year in a bid to streamline the business. However, it will also open some new sites in a bid to improve its business.

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GameStop is adamant that tethering games to individual consoles, effectively undercutting the profitable used game trade, is bad news for platform holders as well as retailers and consumers.

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Michael Pachter has placed the UK games retail sector as ‘a joke’, in relation to companies pricing games lower than the competition in bid to claim the high street.

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GameStop has said consumers’ “desire to purchase” consoles will be “significantly diminished” if manufacturer were to block the ability to play used games.

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GameStop stock has taken a tumble following a report claiming the next-gen Xbox will tether games to individual consoles, effectively biting into the used game market. Shares prices had dropped a slow as $23.75 over the course of the day but as of close of business on the East Coast had recovered slightly to end up at $25.20. That’s a 6% drop, apparently. Used game sales accounted for 48% of the retailer’s gross profits in 2012, and it takes a smacking every time this rumour arises.

Thanks, CVG.

Gaming web portal Kongregate has put aside $10 million to fund independent mobile games.

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GameStop’s director of digital content, Brad Schliesser, has told Gamasutra that half the retail chains customers who purchased digital games and add-ons were first-time buyers. He said such in-store offerings make thing easy for those without a credit card or who are leery of entering their financial information online. Schliesser said 65% of the firm’s revenue from digital items came from Xbox 360 offerings and 28-30% from PS3 offerings. Less than 10% came from Steam offerings and other platforms. Thanks, GI International.

Metro: Last Light has been pulled from GameStop’s digital store front, Impulse. The firm’s VP Matt Hodges told Gamespot the move was to protect consumers in the wake of THQ’s financial issues and “uncertainty of delivery.” Customers can no longer pre-purchase the game digitally, and those who have already done so, can contact GameStop customer service for a refund. Physical pre-orders remain available, as customers can always shift the pre-order over for another game through the retailer. However, it’s unknown at press time if this option will be pulled as well in the future.

US VP Joe Biden is meeting with representatives from the video game industry today, to hear more opinions on policy proposals regarding a violent video game study.

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GameStop, like all retail chains, wants you to buy more than just the latest release when you step up to the counter, and the digital realm, once hailed as the detah of bricks-and-mortar, is proving pretty profitable in that regard.

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GameStop posted a 4.6% drop in sales for the nine weeks ending December 29, with global sales reaching $2.88 billion. Year-over-year sales declined 4.4 %, with US sales down 3.5% over the year prior, with international sales falling 6.4%. Hardware sales were down by 2.7% despite Wii U being around for the holidays and moving 320,000 units. New software sales fell 5.1%, while pre-owned software fell by 15.6%, a figure GameStop blamed on limited inventory “due to fewer new titles released throughout 2012 and less promotional activity negatively impacted sales compared to last year”. Digital sales, however, were up 40% year-over-year, and the firm’s global e-commerce sales were up 20.5%. Thanks, MCV.

GameSteop’s share price fell by 5% during Thursday trading, which industry analyst Michael Pachter attributes to rumours of plans to implement an anti-used game system in the PlayStation 4.

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Sterne Agee analyst Arvind Bhatia has said in his latest investor note that sales of Wii U hardware and software at GameStop were below expectations over the holiday period.

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UPDATE: GameStop was selling all three far Cry games for £4.94 this morning. However, the bundle has gone back up to £54.98. Was it a gaffe on the site’s part, or a genuine offer? Decide for yourself below.

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