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Forum » How is GameStop still open?
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Thread: How is GameStop still open?

post 1704987191 08-13-2024, 07:52 PM
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How is GameStop still open?

Seen this gs that is always empty.

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post 1704987221 08-13-2024, 07:52 PM
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not quite sure to be honest

i'm not sure how most brick-and-mortar stores operate any without losing money in 2024
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post 1704987341 08-13-2024, 07:54 PM
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I think a lot of mexicans go there and buy up a bunch of really old video games and consoles. When last gen consoles are super cheap they buy like 6 of them at a time and pass them around la familia
post 1704987421 08-13-2024, 07:55 PM
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Originally Posted By DrugsToGetBig⏩
not quite sure to be honest

i'm not sure how most brick-and-mortar stores operate any without losing money in 2024
A lot of them keep afloat with the memberships they offer, and that’s how they make much of their revenue. Idk if that’s the case with GameStop though, so to OP’s point; very strange lol.
post 1704987481 08-13-2024, 07:56 PM
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Originally Posted By NMS3⏩
A lot of them keep afloat with the memberships they offer, and that’s how they make much of their revenue. Idk if that’s the case with GameStop though, so to OP’s point; very strange lol.
There’s no way they make enough to cover rent lol.

Would not be surprise if it’s a big time front
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post 1704987551 08-13-2024, 07:57 PM
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market manipulation which they didn't' manipulate
post 1704987611 08-13-2024, 07:58 PM
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INB4 $GME bagholders
post 1704987731 08-13-2024, 08:00 PM
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Blockbuster went decades without a profit
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post 1704987751 08-13-2024, 08:00 PM
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place looks about empty every time i see in one...same with Claire's with their $30+ trinkets for girls
post 1704988281 08-13-2024, 08:10 PM
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Yeah i don't know either. especially with everything going digital now
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post 1704988591 08-13-2024, 08:18 PM
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Do they still do midnight releases? I definitely want to buy a GTA6 copy there.
post 1704988611 08-13-2024, 08:18 PM
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Drug fronts.
post 1704988651 08-13-2024, 08:19 PM
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Originally Posted By AnaboLecter⏩
Do they still do midnight releases? I definitely want to buy a GTA6 copy there.
fuark the original modern warfare midnight release was the best
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post 1704988721 08-13-2024, 08:20 PM
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I guess because it costs almost nothing to operate them.
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post 1704988951 08-13-2024, 08:25 PM
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Because they did a pump of the stock price and then the company sold a bunch of extra shares at the top and crashed the price.

They basically diluted the shares of the dumbass shareholders to keep the company afloat.
post 1704989051 08-13-2024, 08:27 PM
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Originally Posted By DrugsToGetBig⏩
fuark the original modern warfare midnight release was the best
remember those days.. use to drink 40s while on the line talking **** to the boyos. back when the game was actually on the disc and you didn't have to go home and install and than download the whole game again
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post 1704989281 08-13-2024, 08:32 PM
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Originally Posted By p7nk⏩
remember those days.. use to drink 40s while on the line talking **** to the boyos. back when the game was actually on the disc and you didn't have to go home and install and than download the whole game again
i was a freshman in high school man. i remember me and so many buddies going to the local gamestop and getting it at midnight then going home and playing all night and skipping school because it was a Monday lol
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post 1704989331 08-13-2024, 08:33 PM
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Originally Posted By DolphinPilot⏩
I think a lot of mexicans go there and buy up a bunch of really old video games and consoles. When last gen consoles are super cheap they buy like 6 of them at a time and pass them around la familia
Blows my mind how Mexicians spend so much money on fast food and video games when they barely earn anything.
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post 1704989671 08-13-2024, 08:41 PM
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I like the stock.
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post 1704989721 08-13-2024, 08:42 PM
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I blame all the retards that buy Funko Pops.
post 1704989801 08-13-2024, 08:43 PM
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Redditors.

If it wasn't for their stonk bullchit that wannabe monopolistic chit show would have been finally ran out of business.
post 1704989901 08-13-2024, 08:45 PM
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Originally Posted By OliverHeldens⏩
Because they did a pump of the stock price and then the company sold a bunch of extra shares at the top and crashed the price.

They basically diluted the shares of the dumbass shareholders to keep the company afloat.
Then they also just shut down Game Informer, the long running video game magazine that Gamestop has owned for over a decade.

Saving video game publications and the industry!
post 1704990561 08-13-2024, 09:01 PM
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Originally Posted By OliverHeldens⏩
Because they did a pump of the stock price and then the company sold a bunch of extra shares at the top and crashed the price.

They basically diluted the shares of the dumbass shareholders to keep the company afloat.
But what does that have to do with the actual storefront where they have to pay rent?
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post 1704991411 08-13-2024, 09:20 PM
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I have no idea. No one buys physical games any more, and Wal-Mart can sell you a console.

I drop by a mall Game Stop once every so often (North County Mall in Escondido for the SD crew, they've got good Korean food in the food court), and it's just sad. There's not even that many video games any more, it's just T shirts and funkos and high-margin trash like that.
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post 1704991461 08-13-2024, 09:20 PM
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Originally Posted By theory816⏩
But what does that have to do with the actual storefront where they have to pay rent?
Nothing. Once again he shows that he knows nothing in an area that he claims to be an expert in, and made a fortune in.
post 1704991921 08-13-2024, 09:27 PM
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Originally Posted By TomPaine⏩
Nothing. Once again he shows that he knows nothing in an area that he claims to be an expert in, and made a fortune in.
No, he's right. They did sell a bunch of stock near the top and dilute their shareholders.

They then use the extra cash to pay rent.

However they have also been closing a bunch of unprofitable stores. At this point I think it's a liquidation play, squeeze out every last penny from each store, shuttering them the moment they become unprofitable. Or that's how I'd play it anyway.
post 1704992421 08-13-2024, 09:35 PM
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We still need video game stores, man. Not just online. Glad Hollywood lost a foothold with blockbuster, family video, and the rest of ‘em tho.

Video games are important.
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post 1704992501 08-13-2024, 09:36 PM
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Originally Posted By JackyChin⏩
No, he's right. They did sell a bunch of stock near the top and dilute their shareholders.

They then use the extra cash to pay rent.

However they have also been closing a bunch of unprofitable stores. At this point I think it's a liquidation play, squeeze out every last penny from each store, shuttering them the moment they become unprofitable. Or that's how I'd play it anyway.
They’ll probably make the stores they’ve got larger and more interesting.
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