GameStop selling 500+ stores because of "woke" - Hypertext
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GameStop CEO Ryan Cohen appears to blame inclusivity for the failure of his brick and mortar gaming outlets.
  • GameStop is hoping somebody will buy its Canadian and French operations.
  • This amounts to over 500 physical stores across both nations.
  • The company’s CEO decried “Liberalism, Socialism, Progressivism, Wokeness and DEI” within his firm while shopping for a buyer.
  • sylver_dragon@lemmy.worldEnglish
    32·
    2 days ago

    While it was fun to watch the GME stock shitshow, the fact remains that the short selling hedge funds were right: GameStop doesn’t have a good business case anymore.

    GME should have died years ago and this is just the people who are currently holding the bag trying to scrape some value off the bottom of the barrel.

    • eagleeyedtiger@lemmy.nzEnglish
      5·
      2 days ago

      Not going to lie, the GME Meltdown or whatever it was called sub on reddit gave me a lot of entertainment a few years ago, especially with the whole Bed Bath & Beyond saga and how the BBBY bag holders thought Ryan Cohen was going to save them too somehow.

    • sugar_in_your_tea@sh.itjust.worksEnglish
      9·
      2 days ago

      Yeah, they should’ve transitioned to a very different business model a decade ago. Ideas:

      • game lounge - host tournaments, and allow renting a room or something for gaming parties
      • merch - they have some in their stores, but it’s usually low quality crap for high quality prices
      • rentals - rent an entire console + games and sell interesting snacks; that way I could play some console exclusives while mostly playing PC games
      • stop selling used games, but facilitate game swaps/sales w/ a small commission (waived w/ other purchase)

      I find myself only going to Gamestop occasionally to see if they have something I want for a decent price, and honestly, I’ve stopped bothering because selection is mediocre compared to online options, and the prices aren’t any better.