GameStop decides to stop trying to sell the company

[Cerebralbore101]

vivster said:

Darwinianevolution said:
Well, that is really worrying. If the y can't turn the ship around back to profits and can't be bought by someone to get someone else to do it for them, what other options do they have?

Close down because the business model does not work anymore today. The only reason it still exists today is probably name recognition. Should've gone the way of Blockbuster years ago.

The business model works fine. GameStop is just getting beaten out by all the little Mom n' Pop shops. Gamestop will offer $18 trade in credit on a used game that just came out, and then try to sell that used copy for $55. That's only $5 off the price of a brand new copy. Meanwhile a good Mom n' Pop game store will offer you $24 for the same game, and try to sell that game for $45. Mom n' Pop shops also happen to sell and trade in every generation of video games. Gamestop has most of its locations in expensive malls, while Mom n' Pop shops will be in a strip mall on the edge of town. 

Almost everyone that collects physical games knows you don't go to a Gamestop. Their trade in offers are bad, and their prices are too high. You go to the Mom n' Pop place instead.