GameStop CEO Says The Company's Future Isn't In Games (gamespot.com) 29
GameStop is leaning heavily to trading cards as part of its future strategy, according to CEO Ryan Cohen. The news comes as a part of larger strategy shift to buy and hold a lot of bitcoin. From a report: Cohen has said that continuing to focus on trading cards, including the incredibly popular recent Pokemon card sets, is a "natural extension" of GameStop's business. He added that the collectibles could have potential for high profit margins.
Pokemon cards have a seen a gigantic resurgence recently. Stores regularly sell of sets, including the Destined Rivals set that launched on May 30. Cards have become increasingly hard to find as scalpers buy up supply and sell Pokemon card products -- including cards, special boxes, and accessories -- at exorbitant prices.
Pokemon cards have a seen a gigantic resurgence recently. Stores regularly sell of sets, including the Destined Rivals set that launched on May 30. Cards have become increasingly hard to find as scalpers buy up supply and sell Pokemon card products -- including cards, special boxes, and accessories -- at exorbitant prices.
Just stop (Score:3)
Re: Just stop (Score:2)
They will have to, they cannot stop the industry going to downloads. This is the smartest thing they could do.
It's very interesting that game shops were mostly replaced by video game shops which now need to become game shops again.
CEOs gonna CEO (Score:4, Insightful)
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Are you sure about this?
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Keep in mind that shortly after that all happened, we discovered these assholes were short-selling their own stock while purposefully trying to drive their own company out of business for a quicker short-term cash-out. They don't give a fuck what those investors (mostly kids who were their primary customers, spending a few dollars of allowance money naively thinking they'd be lauded as heroes by the company) think and in fact they resent them. I, for one, hope this fucker just loses interest and sells the c
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Re:CEOs gonna CEO (Score:4)
Of course it isn't. (Score:2)
It's stock market fraud!
Uh.... (Score:3)
Aren't Pokemon cards a game?
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They can be, but TFS makes a strong suggestion that they are also, metaphorically, tulip bulbs.
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That goes for anything you can't eat, live in, or fuck.
Pokemon may be a fad, but it's been incredibly durable.
Missed Headline Opportunity: GameStop StopsGames (Score:2)
See Subject.
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See Subject.
Yep, my first thought was they are living up to their name. :-)
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On the other hand, they're still playing games, just a different sort of game.
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Indeed. Unfortunately, a bunch of individual investors gave GameStop a bunch of funny money to play with, and they have to do *something* with it.
so, just a shitcoin holding company.... (Score:3)
Dern. (Score:2)
That's not a compnay, that's somebody gambling (Score:3)
Or... simple solution... (Score:2)
Sell both games and cards. Sell all your stupid TCG addiction bullshit, and supplement that with what people who go to GameStop actually care about: GAMES.
It's in the name for crying out loud. Unless they intend on becoming CardStop.
Putting aside the obvious fact that GameStop will most likely not enforce any buying limits on cards in the name of money, thereby making GameStop a scalper's wet dream, who actually stopped and thought with a straight face that changing your entire business model to accommodate
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First, recognize that trading card games are gacha games. Second, recognize that microtransactions are taking over the video game industry. And that gacha games are a big part of that. Third, recognize that physical gacha games, like TCGs, are the only wa
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Sell both games and cards. Sell all your stupid TCG addiction bullshit, and supplement that with what people who go to GameStop actually care about: GAMES.
Just out of curiosity, what do you think the "G" in "TCG" stands for?
What else is new? (Score:2)