Sign in

Forum » More General Categories » Misc. » How is GameStop still open?
  1. Results 1 to 28 of 28

Thread: How is GameStop still open?

  1. Rate This Thread
08-13-2024, 06:52 PM
#1

How is GameStop still open?

Seen this gs that is always empty.

Mrin the relentness
🤴Supreme Self Esteem Crew
5'5 110lb(MIL Spec) Asian Master Race Crew
Cleanliness is next to Godliness
Watashi Wa Stah
  1. theory816
  2. G-Unit
  3. theory816s avatar
  1. theory816
  2. G-Unit
  3. Join Date: May 2012
  4. Posts: 11,189
  5. Rep Power: 54,901
Quote
08-13-2024, 06:52 PM
#2
not quite sure to be honest

i'm not sure how most brick-and-mortar stores operate any without losing money in 2024
*O
  1. DrugsToGetBig
  2. So it begins
  3. DrugsToGetBigs avatar
  1. DrugsToGetBig
  2. So it begins
  3. Join Date: Jun 2012
  4. Location: New Jersey, United States
  5. Age: 31
  6. Posts: 19,179
  7. Rep Power: 363,762
Quote
08-13-2024, 06:54 PM
#3
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
  1. DolphinPilot
  2. Bonrard
  3. DolphinPilots avatar
  1. DolphinPilot
  2. Bonrard
  3. Join Date: May 2015
  4. Posts: 30,430
  5. Rep Power: 369,664
Quote
08-13-2024, 06:55 PM
#4
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.
  1. NMS3
  2. Registered User
  3. NMS3s avatar
  1. NMS3
  2. Registered User
  3. Join Date: Oct 2014
  4. Age: 28
  5. Posts: 4,812
  6. Rep Power: 33,811
Quote
08-13-2024, 06:56 PM
#5
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
🤴Supreme Self Esteem Crew
5'5 110lb(MIL Spec) Asian Master Race Crew
Cleanliness is next to Godliness
Watashi Wa Stah
  1. theory816
  2. G-Unit
  3. theory816s avatar
  1. theory816
  2. G-Unit
  3. Join Date: May 2012
  4. Posts: 11,189
  5. Rep Power: 54,901
Quote
08-13-2024, 06:57 PM
#6
market manipulation which they didn't' manipulate
  1. 8pieces
  2. Make The Misc Great Again
  3. 8piecess avatar
  1. 8pieces
  2. Make The Misc Great Again
  3. Join Date: Jan 2020
  4. Posts: 16,701
  5. Rep Power: 107,171
Quote
08-13-2024, 06:58 PM
#7
INB4 $GME bagholders
–
  1. tendies
  2. They/Them
  3. tendiess avatar
  1. tendies
  2. They/Them
  3. Join Date: Jan 2021
  4. Posts: 1,264
  5. Rep Power: 54,191
Quote
08-13-2024, 07:00 PM
#8
Blockbuster went decades without a profit
See you tomorrow
  1. Pterodactyl314
  2. Registered User
  3. Pterodactyl314s avatar
  1. Pterodactyl314
  2. Registered User
  3. Join Date: Apr 2015
  4. Posts: 12,960
  5. Rep Power: 169,661
Quote
08-13-2024, 07:00 PM
#9
place looks about empty every time i see in one…same with Claire's with their $30+ trinkets for girls
  1. eddiehaskell
  2. Registered User
  3. eddiehaskells avatar
  1. eddiehaskell
  2. Registered User
  3. Join Date: Oct 2009
  4. Age: 40
  5. Posts: 8,951
  6. Rep Power: 39,796
Quote
08-13-2024, 07:10 PM
#10
Yeah i don't know either. especially with everything going digital now
  1. p7nk
  2. 🇨🇴💋
  3. p7nks avatar
  1. p7nk
  2. 🇨🇴💋
  3. Join Date: Jul 2008
  4. Location: United States
  5. Posts: 45,029
  6. Rep Power: 171,125
Quote
08-13-2024, 07:18 PM
#11
Do they still do midnight releases? I definitely want to buy a GTA6 copy there.
  1. AnaboLecter
  2. Registered User
  3. AnaboLecters avatar
  1. AnaboLecter
  2. Registered User
  3. Join Date: Nov 2023
  4. Age: 54
  5. Posts: 943
  6. Rep Power: 21,774
Quote
08-13-2024, 07:18 PM
#12
Drug fronts.
  1. TomPaine
  2. Registered User
  3. TomPaines avatar
  1. TomPaine
  2. Registered User
  3. Join Date: Dec 2020
  4. Posts: 6,382
  5. Rep Power: 103,471
Quote
08-13-2024, 07:19 PM
#13
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
*O
  1. DrugsToGetBig
  2. So it begins
  3. DrugsToGetBigs avatar
  1. DrugsToGetBig
  2. So it begins
  3. Join Date: Jun 2012
  4. Location: New Jersey, United States
  5. Age: 31
  6. Posts: 19,179
  7. Rep Power: 363,762
Quote
08-13-2024, 07:20 PM
#14
I guess because it costs almost nothing to operate them.
AGE-28
Wt-165
HT-5'10"
Bench-100 dumbbell press-5 reps
*Mechanical Engineer*
  1. johnnydeep1
  2. Registered User
  3. johnnydeep1s avatar
  1. johnnydeep1
  2. Registered User
  3. Join Date: Jun 2018
  4. Age: 54
  5. Posts: 26,069
  6. Rep Power: 20,436
Quote
08-13-2024, 07:25 PM
#15
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.
  1. OliverHeldens
  2. Registered User
  3. OliverHeldenss avatar
  1. OliverHeldens
  2. Registered User
  3. Join Date: Oct 2014
  4. Age: 31
  5. Posts: 23,019
  6. Rep Power: 110,630
Quote
08-13-2024, 07:27 PM
#16
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
  1. p7nk
  2. 🇨🇴💋
  3. p7nks avatar
  1. p7nk
  2. 🇨🇴💋
  3. Join Date: Jul 2008
  4. Location: United States
  5. Posts: 45,029
  6. Rep Power: 171,125
Quote
08-13-2024, 07:32 PM
#17
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
*O
  1. DrugsToGetBig
  2. So it begins
  3. DrugsToGetBigs avatar
  1. DrugsToGetBig
  2. So it begins
  3. Join Date: Jun 2012
  4. Location: New Jersey, United States
  5. Age: 31
  6. Posts: 19,179
  7. Rep Power: 363,762
Quote
08-13-2024, 07:33 PM
#18
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.
AGE-28
Wt-165
HT-5'10"
Bench-100 dumbbell press-5 reps
*Mechanical Engineer*
  1. johnnydeep1
  2. Registered User
  3. johnnydeep1s avatar
  1. johnnydeep1
  2. Registered User
  3. Join Date: Jun 2018
  4. Age: 54
  5. Posts: 26,069
  6. Rep Power: 20,436
Quote
08-13-2024, 07:41 PM
#19


I like the stock.
|| MFC || C7 Crew || Trance & Techno Crew ||
  1. chrsschb
  2. Trance Brah
  3. chrsschbs avatar
  1. chrsschb
  2. Trance Brah
  3. Join Date: Dec 2010
  4. Location: Georgia, United States
  5. Age: 39
  6. Posts: 10,897
  7. Rep Power: 82,802
Quote
08-13-2024, 07:42 PM
#20
I blame all the retards that buy Funko Pops.
  1. stevemckenna
  2. Registered User
  3. stevemckennas avatar
  1. stevemckenna
  2. Registered User
  3. Join Date: Dec 2011
  4. Posts: 16,853
  5. Rep Power: 137,229
Quote
08-13-2024, 07:43 PM
#21
Redditors.

If it wasn't for their stonk bullchit that wannabe monopolistic chit show would have been finally ran out of business.
  1. JayJ350
  2. Registered User
  3. JayJ350s avatar
  1. JayJ350
  2. Registered User
  3. Join Date: Sep 2017
  4. Location: United States
  5. Age: 36
  6. Posts: 44,544
  7. Rep Power: 275,669
Quote
08-13-2024, 07:45 PM
#22
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!
  1. JayJ350
  2. Registered User
  3. JayJ350s avatar
  1. JayJ350
  2. Registered User
  3. Join Date: Sep 2017
  4. Location: United States
  5. Age: 36
  6. Posts: 44,544
  7. Rep Power: 275,669
Quote
08-13-2024, 08:01 PM
#23
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?
🤴Supreme Self Esteem Crew
5'5 110lb(MIL Spec) Asian Master Race Crew
Cleanliness is next to Godliness
Watashi Wa Stah
  1. theory816
  2. G-Unit
  3. theory816s avatar
  1. theory816
  2. G-Unit
  3. Join Date: May 2012
  4. Posts: 11,189
  5. Rep Power: 54,901
Quote
08-13-2024, 08:20 PM
#24
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.
FA Crew
Always Pick 1 Crew

"Experience is something you get right after you need it."
  1. FAPhaggot
  2. Hawaiian shirt hoarder
  3. FAPhaggots avatar
  1. FAPhaggot
  2. Hawaiian shirt hoarder
  3. Join Date: Nov 2015
  4. Posts: 15,712
  5. Rep Power: 185,348
Quote
08-13-2024, 08:20 PM
#25
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.
  1. TomPaine
  2. Registered User
  3. TomPaines avatar
  1. TomPaine
  2. Registered User
  3. Join Date: Dec 2020
  4. Posts: 6,382
  5. Rep Power: 103,471
Quote
08-13-2024, 08:27 PM
#26
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.
  1. JackyChin
  2. Registered User
  3. JackyChins avatar
  1. JackyChin
  2. Registered User
  3. Join Date: Nov 2023
  4. Age: 54
  5. Posts: 1,766
  6. Rep Power: 14,673
Quote
08-13-2024, 08:35 PM
#27
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.
5'10
  1. swordplay76
  2. Registered User
  3. swordplay76s avatar
  1. swordplay76
  2. Registered User
  3. Join Date: Sep 2023
  4. Age: 54
  5. Posts: 2,737
  6. Rep Power: 18,237
Quote
08-13-2024, 08:36 PM
#28
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.
5'10
  1. swordplay76
  2. Registered User
  3. swordplay76s avatar
  1. swordplay76
  2. Registered User
  3. Join Date: Sep 2023
  4. Age: 54
  5. Posts: 2,737
  6. Rep Power: 18,237
Quote
Bookmarks
Digg
del.icio.us
StumbleUpon
Google
Facebook
Posting Permissions
  1. You may not post new threads
  2. You may not post replies
  3. You may not post attachments
  4. You may not edit your posts