More Reviews
REVIEWS Cut the Rope: Triple Treat Review
Cutting the ropes has never before made gravity so… pricey.

Faster Than Light: Advanced Edit Review
FTL's Advanced Edition is a natural fit for the iPad. But whatever platform you're playing on, the new content adds depth and variety.
More Previews
PREVIEWS Sniper Elite 3 Preview
Sending bullets through the hate.
Release Dates
NEW RELEASES Teenage Mutant Ninja Turtles: Out of the Shadows
Release date: Out Now

Trials Fusion
Release date: Out Now

The Amazing Spider-Man 2
Release date: 04/29/14

Bound by Flame
Release date: 05/09/14


LATEST FEATURES 4 PAX Indie Titles to Look Out For
We've given attention to all the higher profile games at PAX EAST, but now it's time for the indies.

Ouya's Best Games Coming to the Platform
The Kickstarter console is slowly establishing itself with a couple of creative gems on the way.
 
Coming Soon

LEADERBOARD
Read More Member Blogs
FEATURED VOXPOP danielrbischoff
Peace in the Era of Call of Duty
By danielrbischoff
Posted on 04/15/14
In a world dominated by violent media, Americans are no more eager to go to war than they were in the 1980s or the 1960s or the 1940s. Hasn't it always been someone else's problem? The overwhelming majority would rather go on thinking it had nothing to do with them and there...

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


More from the Game Revolution Network




comments powered by Disqus

More On GameRevolution