Tag Archives: gamestop

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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This year’s DICE conference will not include an Indie Game Challenge, but the conference will still make room for independent developers.

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GameStop’s director of retail digital distribution, Brad Schliesser, has said attach rates for DLC at the retail chain are up to 50% in some cases.

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Black Friday sales madness is due to spark off in the States, and to battle the rush of Wii U-hungry consumers Gamestop is opening 3,000 stores at midnight. get the details below.

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Pre-orders for Wii U titles have hit 1.2 million, according to GameStop.

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GameStop’s Black Friday deals have been outed by one of its employees a bit early, and those who decide to hear to the retailer will get deals on various console bundles and pre-owned titles.

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GameStop has reported a decline in physical sales in its latest quarterly financial release, but digital sale are on the up for the gaming retail giant.

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Former GameStop vice president of corporate communications and public affairs Chris Olivera has pleaded guilty to an embezzlement scheme that granted him almost $2 million from the company.

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According to a GameStop advertisement in Ireland, Splinter Cell: Blacklist could be coming to Nintendo’s next-gen hardware.

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GameStop has announced it will launch 80 GameStop Kids stores for the holidays, where it will only sell games specifically designed for children. The stores will stock games, and game-themed toys ranging from Skylanders Angry Birds and Minecraft. The first store is now open at the Grapevine Mills Mall, in Grapevine, Texas and more will open in the coming weeks. A full list of the stores can be found here. Thanks, Gamasutra.