More Reviews
REVIEWS Stretchmo Review
Pushmo, Crashmo, Stretchmo... what's next, Twistmo? Vanilla Swirlmo? And why am I already excited for it?

Destiny: House of Wolves Review
The latest Destiny expansion makes some important changes, but are they enough to bring back former players?
More Previews
PREVIEWS Rodea The Sky Soldier Preview
Yuji Naka's independent game for Wii U and 3DS is like a cross between Sonic and Nights Into Dreams, in the best way possible.
Release Dates
NEW RELEASES LEGO Jurassic World
Release date: 06/12/15

Deception IV: The Nightmare Princess
Release date: 06/14/15

RIDE
Release date: 06/23/15


LATEST FEATURES BAMF BABES #8: Mary Read/James Kidd (Assassin's Creed IV: Black Flag)
"We’re Assassins and we follow a Creed, aye. But it does not command us to act or submit…only to be wise."

A Salute to the Top 10 Soldiers in Gaming
It's Memorial Day weekend, and these ten military characters deserve a big ol' hooah, hooyah, and oorah.

LEADERBOARD
Read More Member Blogs
FEATURED VOXPOP oblivion437     In all the talk of graphical downgrades no one seems much preoccupied with 'why?'.  Why build something and then proceed to tear it down, piece by piece, in the hope that ever more diminished expectations about the final product won't be severe enough to...

GAMING NEWS

GameStop Shows Decline, 500+ Stores Closing This Year

Posted on Sunday, February 3 @ 09:59:47 Eastern by Jonathan_Leack

The bigger they are, the harder they fall.

GameStop has released its fiscal year 2012 earnings which show a drop of 4.6% year-over-year revenue. More telling, its figures display a decline of 4.4% compared to its competitors (Best Buy, Target, Amazon, etc.). Consequently, GameStop is forecasted to close between 500 to 600 stores in 2013 in an effort to balance its earnings.

Much of the blame has been placed on mobile gaming where retailers are cut out of the revenue stream, but the rise of digital downloads are likely an even larger culprit. Sony has been pushing to offer as many games as possible on its new PlayStation Store. Meanwhile, Nintendo is following the trends with an eStore that has quickly grown to match its expanding content library.

With Sony and Microsoft's intention to fight used-game sales next-generation GameStop could see even more dramatic losses in the near future. Its used game sales have been critical to its success and growth, and also an area where other retailers previously weren't able to compete with. Well, they finally caught on, and now Amazon and Best Buy among others are willing to pay ridiculously low prices for the games you don't play anymore.

Losses could also be explained by the long duration of the console generation. Software sales have been disappointing for months on end with gamers less intrigued than ever before due to a stagnant industry. The PlayStation 4 is ready to be announced later this month, but likely won't debut until later in the year. By then, Grand Theft Auto V will make a sharp entrance, and perhaps the Wii U will have something that looks remotely similar to a software library.

[Via]

Tags:   gamestop
FOLLOW ME ON TWITTER. YOU KNOW YOU WANT TO.


More from the Game Revolution Network




comments powered by Disqus

More On GameRevolution