| Train wreck said: The stock is still tanking and no amount of switch good news is going to change its fortune (-10% post switch launch). Gamestop's business model is not selling new games or systems, its selling used and subscriptions. Gamestop only sees increase sales from those insane bundles they have out there but once Nintendo starts to ship more consoles, itll lose out on it. Combined with every publsiher taking advantage of digital sales, means less and less for gamestop and others (like best buy which came out with news earlier in the week) these sales increases are only temporary. |
Well retail stocks are getting hit but it is mainly due to Amazon taking a chunk from the brick and mortar stores. Going to the store is a pain in the ass sometimes and shopping on Amazon usually nets good results for video games. I don't want to be trying to do price matches at a retail store either. Most retail store chains are on the down or already out in the USA.
