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Gamestop Reports Loss, 360 Shortages 32

Posted by Zonk from the not-enough-sixty-dollar-games dept.
Gamasutra reports that gaming retail powerhouse Gamestop has reported a slow third quarter, largely based on few big named titles during that period of time. The article also mentioned their frustrations with the 360's limited production so far. From the article: "There is no question that both the core gamer and gift giver are very enthusiastic about this great product. In fact, our attach ratio of games and accessories to date has never been higher for any release in GameStop's history. Our only concern is that the total hardware released to date in the U.S., and to GameStop, are far less than we had anticipated. While we expect to be supplied throughout the holiday season, the exact quantities to be shipped are not yet clear."
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Gamestop Reports Loss, 360 Shortages More

Gamestop Reports Loss, 360 Shortages

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  • Correct me if I'm wrong... (Score:3, Informative)

    by EddieBurkett ( 614927 ) on Wednesday November 30, 2005 @05:41PM (#14150840)
    In fact, our attach ratio of games and accessories to date has never been higher for any release in GameStop's history.
    Didn't Microsoft mandate that retailers could only sell the 360 for pre-order as part of package deals with a certain number of accessories and games required to be purchased along side the console? Of course the attach ratio would be so high then...
    • There was also a rumor that GS was prioritizing pre-orders based on how many extras were pre-ordered in addition to the console. Not sure if that was confirmed.
    • Actually, Microsoft claims that the vendors are solely responsible for the bundle madness.

      The attach ratio has never been higher because in order to buy a Xbox 360 from Gamestop or EB, you had to spend a minimum of $300 on accessories and games.
      • I preordered the console only from the local EBGames in June and was able to pick it up on launch day. I didn't preorder anything else with it.
      • The attach ratio has never been higher because in order to buy a Xbox 360 from Gamestop or EB, you had to spend a minimum of $300 on accessories and games.

        There might be some locations that require this but my friend and I both preordered from different EB games stores and weren't forced to buy any accessories. If you don't know what you're talking about, don't just make shit up.

        • Look, I was on Mars and I was able to just pick one up off of the goddamn floor. The floor is actually not red, but more of a blue...the atmospheric ionic particulation changes how you see it. I know a guy with 15 toes, too. His name is Sue Bob. I have it on good authority that Jesus is seeing to it that the Phantom takes over the game market. Hurrrr!

    • Re:Correct me if I'm wrong... (Score:5, Insightful)

      by Blakey Rat ( 99501 ) on Wednesday November 30, 2005 @06:22PM (#14151323)
      The reports that Microsoft demanded bundling for pre-orders were just the usual Slashdot anti-Microsoft FUD. EBGames was solely responsible for any package deal requirement on pre-orders they sold.

      But you do have a point, it does really skew their statistics.
    • Certainly, here in the UK, there are numerous stores selling XBox 360s by themselves (Game, Gameplay.co.uk, Amazon.co.uk, Play.com, Simply Games, etc.)...
    • It's wrong. I went to Gamestop several months ago and asked if I was required to purchase games and accessories if I preordered and they told me no. Only the online preorders required the ridiculous bundles, but you could go into any store and only preorder the basic packages.

  • Roffles (Score:5, Insightful)

    by voice_of_all_reason ( 926702 ) on Wednesday November 30, 2005 @05:43PM (#14150865)
    I love how businesses always call a drop in revenue a "loss." Like they are rightfully entitled to ever-increasing profits and anything to the contrary is someone's fault.

    • Re:Roffles (Score:3, Insightful)

      by Epi-man ( 59145 )
      I love how businesses always call a drop in revenue a "loss." Like they are rightfully entitled to ever-increasing profits and anything to the contrary is someone's fault.

      Do me a favor and remember that the next time you hear all the talk about those vicious spending cuts being made to social programs and look at how much more money they are getting than the year before.

      As someone else pointed out, it isn't the drop in revenue earning the title, it is the fact that revenue - costs 0.

    • Re:Roffles (Score:3, Informative)

      by the_humeister ( 922869 )
      I'm not quite sure how you can conclude that from the article. They reported an increase in revenue but a net loss of $2.5 million.

    • Re:Roffles (Score:3, Interesting)

      by Morinaga ( 857587 )
      You are confusing profits and revenue. The profitering mantra of corporations trying to squeeze out ever last drop of profit is a fallacy. Stockholders of public corporations are in general obsessed with "growth" which is generally focused on revenue increases. If a company is increasing their revenue then they are becoming more valuble as a commodity that investors might wish to own for increasing stock values. Profits can be in the red within reason or investor expectations with no negitive consequenc
  • They haven't had a chance to make massive profits reselling used systems yet. I'm sure they are pissed about the eBay debacle also, what with some high percentage of the initial systems being resold.

    I'm sure they'll shit bricks if the PS3 DRM "no more used games" rumor comes true. The weight of the world might shift even.

  • Attach rate (Score:1, Redundant)

    by PhotoBoy ( 684898 )
    "There is no question that both the core gamer and gift giver are very enthusiastic about this great product. In fact, our attach ratio of games and accessories to date has never been higher for any release in GameStop's history."

    Could it perhaps be that the reason the attach rate is so high is because the stores forced people to pre-order the 360 with lots of games they didn't want along with some useless peripherals thrown in with it? Then when they buy the machine they have to buy the games and accessori

  • No... (Score:1)

    by CaseM ( 746707 )
    Packaging and said "bundles" are up to the specific retailers (which doesn't dispute the fact that bundles were prevalent in pre-sales).

  • Whatever happened (Score:2, Interesting)

    by dar ( 15755 )
    to the EB buyout of Gamestop?
  • Didn't Micor$oft also cause the shortage so that the hype would be insane and boost sales over the long term? And of course the sales of the attachments are very high, I was told by my local gamestop that the units were NOT being given out on order of pre-order placement but instead based on how many accessories a consumer bought, so of course those sales are going to be way because people wanted to do their best to get one of the consols. And as for ebay me thinks 1200 for a console that doesn't even rel
  • Should it be any suprise that they're having a slow 3rd quarter? The last 6 months have been nothing but hype about the 360, PS3 and Revolution telling us that the next-gen games are going to make the current games worthless. Coupled with the fact that, this far into the product cycle, most everyone who would buy the last generation of hardware has already purchased it, is it any suprise that sales of current titles are slacking?

    If I was a retailer, I'd be pretty pissed at MSFT for devaluing my current m
  • One thing that I've heard is that XBox is trying to play the supply and demand game. Correct me if I'm wrong, but I think that they are doing a pretty good job of it.

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