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sandman
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@gossi the dog I think there is a subset of consumers that want a specialist videogame retailer, but I don't personally think the existence of GAME will overly impact the videogame industry, other than maybe a (very) slight reduction in sales (in the UK).

 

I also think the drive to digital is more than just casuals. Even hardcore have embraced the convenience and other pluses of digital media.

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I would absolutely love there to be a specialist games retailer. Game aren't one, they're an overpriced shifter of mainstream titles and crap bundles.

 

If they sold stuff that was out of the ordinary, or limited in supply I could almost understand why they were so expensive, but focusing on the top ten should really give them some buying power and help them cut their prices against the competition whilst maintaining a healthy margin.

 

Their plans haven't resulted in a particularly healthy business for many years, so why they continue to do the same thing in a market which is going more and more towards online and digital sales is completely baffling.

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1 hour ago, gossi the dog said:

 

Clearly not a very good sales person. If I remember correctly @hellcock used to work in Currys and he used to talk people into buying gold plated SCART leads more often than not for £50+ whenever he sold a TV. You got 20-30% commission back then too.

 

I cannot recall ever asking anyone if they wanted a Monster cable and never saw one sold in 18 months.

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32 minutes ago, Mgear said:

I also think the drive to digital is more than just casuals. Even hardcore have embraced the convenience and other pluses of digital media.

 

It's interesting - I remember in the bad old days of digital downloads we'd see fairly old titles on the Xbox Live Marketplace priced at £59.99. I'm pretty sure I posted on here saying that I want to go digital and "support" the games without retailers getting a huge cut* but the brick-and-mortar prices were always much more affordable. Today I mostly do gaming on PS4 and the Store prices for new games tend to be around £35-40, which is usually as affordable as the high street price, if not better. And that's even before you get into frequent Steam sales, PSN discounts, Games With Gold, Instant Game Collections et al. :) 

 

*admittedly this idea may have been a bit naïve

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These days I tend to go digital on console more often than not purely for convenience. I totally regret owning the cart versions of Mario Kart and Zelda on my Switch.  I hate having to swap disks or carts. On PC the market pretty much went digital already.

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The Xbox One X is out in Sept, that should help sales? Once Nintendo get their Switch issues sorted, it'll be the 2nd coming of the Wii which Game rode pretty well?

 

Sounds like a done deal? Whats the share price? Any financial experts here?

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Just did a wee training course on Tekken 7 for Microsoft, obviously this one is using some of GAMEs assets (sometimes happens):

 

fc54dbe2-37ad-48e2-bac9-af018ad2be3d_z.png

 

Basically, offer a controller, accessories, Xbox live & Credit and Disc Care to every sale. 

 

This was today. They don't fucking learn.

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I guess the fact that there were only about 4 games at launch of which only 1 had any demand wasn't good either.

 

Just goes to show how shakey a company they are? I remember when they were very anti-nintendo. Fuck them but I might look to make some money on the side!

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11 minutes ago, probotector said:

The Xbox One X is out in Sept, that should help sales? Once Nintendo get their Switch issues sorted, it'll be the 2nd coming of the Wii which Game rode pretty well?

 

Sounds like a done deal? Whats the share price? Any financial experts here?

 

Pure binary territory. Lose the lot or more than double your money. 

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Just now, gossi the dog said:

 

Overpriced Scart cables? Pretty sure you did.

In my time working for DSG I never heard of any standard sales bonuses that paid out like that. It changed a few times when I was there but I think it was mostly standard across the three main brands. Commission was mostly focused on gross amounts rather than margin, although they did gradually keep changing it to focus more on the latter. 

 

There were occasional promotional schemes run by the hardware manufacturers (usually Belkin IIRC) that could account for what you're referring to, though.

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39 minutes ago, King A said:

Just did a wee training course on Tekken 7 for Microsoft, obviously this one is using some of GAMEs assets (sometimes happens):

 

fc54dbe2-37ad-48e2-bac9-af018ad2be3d_z.png

 

Basically, offer a controller, accessories, Xbox live & Credit and Disc Care to every sale. 

 

This was today. They don't fucking learn.

 

Also...

 

Prey.

 

Picture of Tekken 7.

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1 hour ago, probotector said:

The Xbox One X is out in Sept, that should help sales? Once Nintendo get their Switch issues sorted, it'll be the 2nd coming of the Wii which Game rode pretty well?

 

Sounds like a done deal? Whats the share price? Any financial experts here?

If they can afford to buy the stock in the first place. 

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3 hours ago, Pixelbark said:

http://news.sky.com/story/game-digital-shares-plunge-30-on-profit-warning-10932167

 

Erm, I've got a pre-order for the splatoon 2 switch bundle... Is game going to survive until then? :wacko:

 

I've got my SNES pre order with them, they'd better last until then!

 

From that report they are still profitable but way below expectation. Their direction of travel is such that they are not an attractive investment right now which is why the shares are tanking. You would expect that the eventual Switch restock and then the Xbox launch will steady the ship for this year but their medium to long term prospects look poor given their performance and that the new Xbox looks to be the only new hardware incoming.

 

There have been some companies mentioned in this thread who've managed the change in retail behaviour really well - Argos (who looked doomed and like a dinosaur for a long time albeit one with huge cash reserves)  and DSG. Game seem absolutely determined to repeat all the mistakes from the last time they went bust.

 

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31 minutes ago, sandman said:

Wait a minute. They are relying on sales of the new x box to keep them going?

 

:lol:

 

If that thing sells more than 20,000 units in the uk in its first year I will eat my hat

Irrespective of the One X sales, they'll say whatever at the moment, I'm sure. The summer's never a good time for Video Games retailers, is it? They need to point at something on the horizon, because there's nothing here right now. 

----

I have cashed in all my credit with them for Xbox credit that I could have got cheaper elsewhere, I'm sure. I was going to sit on it until the aforementioned console released and spend it on that but I'm not 100% convinced they'll be honouring credit notes by then.

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I just had a thought.

When Game go, do we think that trade in prices will fall? I will offset the cost of a new console by trading the old one in, especially now we live in fully backwards compatible times.

If CEX are the only place taking trade ins, why wouldn't they reduce their trade price? Even if you discount that they won't have to compete nationally with anyone, the supply will go through the roof as more trade ins go their way. 



 

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CEX don't sell new consoles so you'd be pretty buggered trading in your old one to get a new console from them. They would eventually sell you a second hand one at a ludicrous mark up if they are hard to find too.

 

CEX have it pretty good at the moment. They have always offered much more on trade ins  so the average punter thinks he's getting a sweet deal but their prices were always so much higher (especially as its always secondhand product) but then GAME, in their wisdom, started selling everything at RRP, so the low trade ins they offered just made them look shit.

 

CEX has taken over all the old gamestations in my area and they already put Dudley GAME out of business (shuttered last month). I know we spell doom and gloom for GAME all the time but it really does seem like the end of the road, the Elite card being a glorified loan of your cash to them solidifying the fact.

 

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Trade ins are weird tho, because it's all about the amount you pay. If Supermarkets did trade ins they could afford to give you low prices because you pay a lower price for the new game

. For example, Game did an offer where I got 40 quid trade for GTA5 but the game I wanted was 60 quid.  Do I sold the GTA and got the game from Asda for 40 and was 20 quid better off overall.  

 

Also CEX do deal in new stock, but they have to label it all as used because they buy from private individuals. For example, when PSVR, Switch, iPhone etc are launched , CEX usually have brand new stock on day one by giving a trade in value that is higher than the actual price of the item. They sell them for the same price they buy them in for (unless there are supply issues in which case they do ramp the price up like with Nes Mini). They lose money on these new items when they sell them at reply, but the overall effect is beneficial because people will bring stuff to trade in and the business doesn't have the expense of a buying team and warehouse costs.  Many people become professional scalpers , preordering with the sole intention of going straight to Cex and trading in. 

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