GameStop CEO discusses the chain’s new Vintage resale strategy in greater depth
Last week, GameStop CEO Paul Raines stated that the global retail chain was thinking about reselling old school games and consoles. A lot of retro gamers were pleased at the possible convenience of finding loads of quality classics in a single location, while others were displeased with the sheer thought of taking their business to GameStop. But they were all curious about how this would work, as Raines didn’t get into specifics about this new business plan.
During a recent interview with Joystiq’s JC Fletcher, Raines shed a little more light on how GameStop could go about entering the retro resale market. While he didn’t want to give too much of the plan away, Raines did say he has the GS dotcom team ever searching through the web to find the best vintage products from all eras of console gaming, while admitting the company will also have to expand upon its current trade-in policy.
One such method for making trading with GameStop more appealing to vintage collectors, is the possibility of winning some interesting "classic" rewards like brand-new models of classic consoles and may even some rare collectibles given out by some of the companies renowned business partners.
He also admitted to the company already owning a lot of older games and consoles as well, although ironically, a good portion of these products are Game Boy Advance, original Xbox, and PS2 related. I say ironically because the trade and sale of GBA and Xbox stuff has been phased out over the past two-three years and the PS2 stuff is slowly being removed from shelves to make way for the incoming Wii U inventory.
However, it seems GameStop’s new plan when dealing with these items might be to launch a new website (or an expansion of GS’ homepage), which informs collectors about all of the GBA, Xbox, and PS2 merch that’s gathering dust in the back rooms of various locations and how they can be purchased.
I’d wager a good guess this hypothetical “website” could play a major role, or maybe even become the main method of selling and trading all of the incoming retro stock, as it could be sold through the back rooms of each location, leaving plenty of room for the pending influx of modern merchandise. But that’s just a guess on my part, so please don’t quote me on that. :P
Personally, as someone who wants to start up a classic game/console collection, this could potentially be a great and affordable way to pick up some great stuff.
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That falls into the personal touch because people in the actual retro game stores, for the most part, won't bullshit you about those kinds of things.
This could be a great way to get some factory sealed copies of old school games for cheap. Sometimes the people selling on ebay don't have a fucking clue what stuff is worth and over price their merch way too much. I'll be interested to hear more about this as it develops.
One problem outside of the lack of the personal touch GameStop has is the lack of any real value of trade in. Let's say you have a copy of Chrono Trigger you would like to trade in (why you would ever do that I haven't a clue) and you do so at GameStop are they going to give you reasonable credit maybe $40 for a resale of of $60 or will they take advantage of the ignorance of some unknowing gamer and give them $10 for it? I guess we should hope gamers are wise to that and if so than they will have no choice but to be fair.
I'll stick with eStarland and the Virtual Console for my retro fix or EBay if its cheaper.
Anyways all they will say to you if you want to find a copy of ''double Dragon'' is this : nahh it's impossible to find that game''
I don't think It's gonna make that big of a difference.
This is pretty much how they were when I first discovered a Game Stop in my town. I got a few of my SNES games from them. Kinda ticked me off when they stopped selling older games.They just haven't been the same since then.
I'm weary about this. Mostly because there are still some retro video game stores in my area (well one specialty store and then 2 bookmans) and this could put them out of business. Also, isn't this what amazon already does? I understand its more streamlined this way but still i dont know if taking on amazon is the smartest business decision here.
I dissaprove of anything that allows GameStop to continue existing.
i dont like this, rare games are gonna get more expensive and people will buy them more, meaning they will get rarer by the time i manage to get enough money
Needs moar Earthbound
It sounds like good news. I haven't really been in a GameStop store since getting a GameFly account. Just goona have to wait and see how it turns out. Although i wouldn't be surprised if its an attempt to get rid of Gamecube, Xbox, or PS2 stuff. Or if they charge $10 for copy of Dynowarz, but will only give you $2 for something rare like Earthbound, Ducktales 2, or Ghostbusters on the Genesis. It is GameStop after all.
I went to a few retro game stores with g1 Caboose yesterday and we were actually talking about this. I think the magic has to come from how GameStop markets their retro games. I mean, you see how popular retro game stores are nowadays. They're not gonna go away without a fight, and GameStop, as a conglomerate, lacks the personable nature of retro game stores. Hell, even some retro game stores lack that personable nature, so a giant corporation like GameStop is even further away from that. In the end, they have to be smart about how they sell their retro games to turn any kind of profit. Otherwise, they'll just have a giant back catalog of games that will sit until they give up.
Prefer my usual retro game store but Gamestop is closer to my house. I'll need to head there and see what they'll have.
Mmmm nope. Not going to buy my older games from Gamestop. I'll get them from a well known used store in the area that respect's it customers and doesn't overcharge for used games.
and thats the nail in the coffing for me. i think i'll stick with gametrader.
Never liked Lamestop and this just adds to the reason. Too big of a monopoly and it needs to be brought down quite a bit. They don't need to own every aspect of gaming. If they truly cared for their customers, I would have a little change of heart but they don't (At least not any of the Lamestops around my area)
i feel bad for the retro game stores that are already established that might take a hit from Gamestop's choice. i hope this happens to all gamestops around the world. i'd love to find a retro game store here in Sweden, but the only one i found was overpriced and had no selection :(
When it launches there will be a cluster of people wanting certain games and making them sold out quick.
While part of me is pleased that I might find a stock of retro games that I've been itching for lately that you can't find on virtual console or any of the like, but doing this might just totally push out the indie game stores that have more of what gamers may want