Current Events > "How GameStop Plans To Turn Things Around" - AKA HOW TO GET RICH!!!

(+) Yeah! (+)

https://www.gamespot.com/articles/how-gamestop-plans-to-turn-things-around/1100-6469770/

Video game retailer GameStop has seen better days. In August, the company announced a huge round of layoffs that impacted more than 100 employees, including some members of the Game Informer staff. The company's stock price is at a near all-time low, trading around $5 per share compared to more than $46 per share back in 2015. GameStop has a plan to turn thing around, and now the retailer has shared more details.

The four main pillars of GameStop's Reboot initiative include the following (descriptions written by GameStop):

Optimize the Core: Optimize the core business by improving efficiency and effectiveness across the organization, including cost restructuring, inventory management optimization, adding and growing high margin product categories, and rationalizing the global store base.
Become the Social / Cultural Hub for Gaming: Create the social and cultural hub of gaming across the GameStop platform by testing and improving existing core assets including the store experience, knowledgeable associates and the PowerUp Rewards loyalty program.
Build Digital Platform: Build compelling digital capabilities, including the recent relaunch of GameStop.com, to reach customers more broadly across the omni-channel platform and give them the full spectrum of content and access to products they desire.
Transform Vendor Partnerships: Transform our vendor and partner relationships to unlock additional high-margin revenue streams and optimize the lifetime value of every customer.

Gamespot is telling me to buy huge with this insider information, fuck neetbux I'M GOING ALL IN ON GAMESTOP STOCK!

it's free money, the stock can only go up
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I remember they said something about a major restructuring like a more focus on retro gaming and mini esports event hub. Something like that though will definitely take a lot of time and is a huge gamble and I'll be amazed if they can pull it off.
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Sounds about the same as any other corporate mumbo jumbo on a typical quarterly call
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Gamestop is the next Bitcoin

book it

Just print more games.
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PatrickMahomes posted...

Sounds about the same as any other corporate mumbo jumbo on a typical quarterly call

This. Their "plan" in plain English is:
Be more efficient.
Become the cool place to hang.
Make it easier to buy online.
More third party crap in stores.
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Rebrand themselves as Gamestop 360, the store that you see, turn 360 degrees, and walk away from
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They should just turn the whole thing into a gaming cafe/bar. Get food and drinks, play games with friends. Also, you can buy games and funko pops. Game stores got hit hard by the shift to internet sales, there really isn't a "just do it better" option.