Items tagged with (NYSE:GME)

New and used games retailer GameStop has found itself in a bit of a rough patch these days. The company recently reported less-than-stellar fourth quarter results and is planning to close at least 150 brick-and-mortar locations, and perhaps as many as 225. That is on top of the store locations it closed just a few years ago. While it deals with ways to increase revenue and profits, it now finds itself investigating a potential security breach that may have compromised credit card and customer data. Security hound KrebsOnSecurity heard from two unnamed sources in the financial industry that they received alerts from a credit card processor indicating that GameStop was likely hacked sometime between... Read more...
Nintendo deserves credit for recognizing there would be a market for a hybrid game console, one that can be docked in the living room for playing games on the big screen TV and played on-the-go via its built-in LCD panel. There was skepticism leading up the Switch's launch as to whether the market would be receptive to such a dual-purpose design, but if Nintendo had any concerns, they were put to rest when its newest console became the fastest selling system in its history. As to what the future holds, Eric Bright, senior director of merchandising for GameStop, believes the Switch has a fighting chance of usurping the Wii altogether in sales. The Switch already has, in terms of having the most... Read more...
This might come as a surprise to, well, absolutely no one, Nintendo appears to be dealing with a shortage of its new hybrid Switch console almost a full month before it even releases to retail. Anticipated supply is so far behind demand that reports are surfacing of major retailers cancelling pre-orders. Among them are Target and GameStop, though the latter has since issued a statement denying that's the case. "GameStop has not, and is not, cancelling any Nintendo Switch pre-orders due to allocation issues. We are working very closely to confirm and validate any and all pre-orders of this innovative gaming system. Should any customer who pre-ordered a Nintendo Switch console from GameStop experience... Read more...
The NES Classic Edition console is one of the hottest and hard to obtain toy items this holiday season. Nintendo and its retail partners have been selling out of every unit produced, which in the United States came out to 196,000 of the miniaturized consoles in November, according to data collected by industry tracking firm NPD Group. That is an impressive start for the NES Classic Edition, though it did not come close to meeting demand.Stores that receive stock of the retro console have been selling out of whatever inventory they get in matter of seconds. At brick-and-mortar locations, any advance announcement of having stock at a particular day and time leads to people camping out in front... Read more...
The NES Classic Edition game console is this year's Tickle Me Elmo, only it's not just kids who have it on their wish lists, it's adults too. And just like the Sesame Street doll, Nintendo's retro-themed miniature game console is sold out everywhere, save for second-hand sellers who have gone and jacked up the price on places such as eBay and Craigslist. If you really want to grab one in time for Christmas, you can pay a grossly inflated price, or you can try your chance at Toys R Us tomorrow. Toys R Us is kicking off its Christmas sale bonanza on Sunday. It's a week long event featuring an assortment of toys and electronics, including the NES Classic Edition console and Hatchimals, another of... Read more...
The Internet can make it sound like GameStop is one of the worst things to ever happen to gaming, but with the company's latest move, that mindset could very well be reversed. That's because with its new "GameTrust" venture, GameStop is looking to help make the process of publishing games a lot easier for indie developers. We've all heard that kind of promise before, but considering the fact that Trine's FrozenByte and Deadlight's Tequila Works have already signed up, GameStop must be doing something right. While GameTrust is in effect a game publisher, it's going to be operating differently than most. A big example of how is with the company's own creative input. In effect, it won't have any.... Read more...
Everyone and their uncle is on the verge for releasing a virtual reality (VR) product to retail. Case in point, Oculus is taking pre-orders for its Rift headset, the first batch of which will ship in late March, while pre-orders for HTC's Vive will kick off later this month. Then you have Google toying with a second generation VR viewer of some kind, and of course Sony is prepping its PlayStation VR platform, which now looks like it will debut this fall.Sony hasn't exactly shied away from talking about its PlayStation VR headset—it's built specifically for the PlayStation 4 console, sports an industrial, visor-style design, and pairs a Full HD 1080p LCD display with a uniquely developed optical... Read more...
If you've been looking for a justification to upgrade from your aging console -- say a PlayStation 3 or Xbox 360 -- to a PlayStation 4 and are a fan of the Fallout series, then congratulations, the stars are aligned in your favor. That's because you can kill two birds with one stone by purchasing a PS4 console from Best Buy or GameStop, both of which will sweeten the pot with a free copy of Fallout 4. Here are the details.The cheapest and highest value option at Best Buy is the 500GB PS4 with Uncharted: The Nathan Drake Collection for $350. In addition to a voucher for Uncharted: The Nation Drake Collection, Best Buy will toss in Fallout 4 and a Power A Charging Station for the included controller.... Read more...
Unless you've found a spectacular deal, there's really no reason to buy a game console that doesn't come with bundled extras, usually in the form of a free title or two. Sometimes the game bundles come in digital form, which means you won't find them at GameStop. That's because GameStop has made it a policy to not sell console bundles with digital games. The games retailer will only carry game bundles with physical copies, and if only a digital bundle exists, it will work with companies to include one. This is what took place when stores were selling Xbox One and PlayStation 4 consoles with a digital code for Electronic Arts' Madden NFL 16. To ensure GameStop didn't miss out on the promotion,... Read more...
You know what they say about one man's trash being another man's treasure, and if you're sitting on a collection of old school game consoles that you want to get rid of, GameStop will soon accept them as trade-ins. The pilot program will kick off in two of GameStop's markets, New York City and Birmingham, which include around 250 store locations.Beginning April 25, 2015, GameStop stores in those markets will accept retro game consoles, games, and select accessories for systems dating back to the original Nintendo Entertainment System. That means you'll be able to trade-in and/or purchase systems and accessories that include the NES, Super NES, Sega Genesis, PlayStation, Nintendo 64, and one of... Read more...
GameStop is fast becoming more than just your local one-stop shop for new and used games. Accessories abound, as do mobile devices like Android tablets and iPads. In addition to all that, you'll soon be able to walk into a GameStop store and emerge with a no-annual contract service through Cricket Wireless. Following a successful run in trial markets, GameStop and Cricket Wireless are ready to attack all of GameStop's more than 2,800 retail locations in the U.S. It will be a phased roll out beginning next month and completed by the end of October. Image Source: Flickr (OrangeShooter) "GameStop is committed to providing our customers the greatest value and service to meet all their video game,... Read more...
GameStop reported a 25.1 percent increase in total global sales to $1.73 billion for its fiscal second quarter of 2014, up from $1.38 billion in the same quarter a year ago. Consolidated comparable store sales increased 21.9 percent, and new hardware sales skyrocketed 124.8 percent as demand for Microsoft's Xbox One and Sony's PlayStation 4 consoles continues to be "very high." Looking back, it's hard to believe that there was ever any concern over GameStop's immediate future, but there was. Prior to the Xbox One launch, Microsoft flirted with tying game discs to Xbox Live accounts and leaving the fate of the used games market up to publishers. That didn't happen, and not only is it business... Read more...
Maybe Microsoft gave GameStop a scare when it briefly flirted with ditching optical discs in favor of streaming games from the cloud for its Xbox One console or tying game discs to specific systems, either of which would have a put a serious dent in the company's used games business. Or perhaps GameStop realizes there's a ton of cash to be made in mobile. Either way, the future of GameStop includes less game stores and a bigger retail presence from its mobile properties. According to Games Industry, GameStop CEO Paul Raines is calling this initiative GameStop 3.0. It entails opening between 200 and 250 AT&T-branded "Spring Mobile" stores, which would more than double the 164 locations it... Read more...
If you were hoping to score an Xbox One Day One Standard Edition console on day of release, you'll need to put procrastination in its place and get on the ball. New and used games retailer GameStop announced that it's taking final per-orders on the launch day edition of Microsoft's next generation console, which will be available on November 22, 2013, in the U.S. "Calling all gamers, if you have not pre-ordered your Xbox One console, now is your last chance," said Bob Puzon, senior vice president of merchandising for GameStop. "We have worked closely with Microsoft to offer our customers another opportunity to pre-order an Xbox One before its official launch date. One of the many great features... Read more...
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