HDRKID
Senior Member
Stores like game stop are going away. They cannot compete with amazon. Also, people are switching to cell phone games. Expect fewer sales of consoles in coming years. Malls are going away. This is where most game stop locations are. Basically, the internet crushed the mall and you will see store traffic continue to decline in coming years.
Right now game stop is closing 150 stores due to losing money. They are hit with a double wammy. People are downloading games. Also, people are playing cell phone games. Basically, we are in a different world than the cartridge era. Failing to adapt could doom this company. They are talking about selling T-shirts and toys instead of games. If they don't turn things around, it is game over.
TAKEN FROM GameStop closures: Is this the end of brick-and-mortar video game shops?
The sum effect was a drop in sales across almost all of GameStop’s segments. The company reported on Thursday that its hardware sales declined 29.1 percent during the fourth quarter, and new software sales fell by 19.3 percent during the same period, according to a press release. The retailer blamed weak sales of certain blockbuster video games.
Right now game stop is closing 150 stores due to losing money. They are hit with a double wammy. People are downloading games. Also, people are playing cell phone games. Basically, we are in a different world than the cartridge era. Failing to adapt could doom this company. They are talking about selling T-shirts and toys instead of games. If they don't turn things around, it is game over.
TAKEN FROM GameStop closures: Is this the end of brick-and-mortar video game shops?
The sum effect was a drop in sales across almost all of GameStop’s segments. The company reported on Thursday that its hardware sales declined 29.1 percent during the fourth quarter, and new software sales fell by 19.3 percent during the same period, according to a press release. The retailer blamed weak sales of certain blockbuster video games.