Posted 18 May 2020 - 10:38 PM
With all these pre-owned sales the past few months and stores not allowing trade ins, I have to imagine pre-owned stock is ridiculously low (except division 2 of course). Wonder if we'll see a lot of trade in deals once stores reopen.
Unrelated, and I don't have the financial numbers, but to me I don't see why GameStop has so much damn merchandise. All these decisions to hire new CEOs and close stores, but the easiest one to me seems to be to get out of the merchandise business. Who honestly wants fortnite monopoly, a $200 DBZ statue, a random overwatch plushie, or funkos? Yeah, funkos were cool for a year or two, and people liked to collect them, but now there are so many it's overwhelming for collectors and people stopped buying - similar to amiibo. There's seriously hundreds of funkos rotting in every store. Merchandise in general takes up probably 1/3 to 1/2 of every store's footprint. I think GameStop's website is slowly catching on with these collectible sales and mystery boxes, but they need to stop buying anymore merchandise. Toys are so niche, it's why toys r us and kbtoys went out of business. Unless it's Lego it's going to be a tough sell to most customers, especially when fads end.
I would liquidate 95% of all merchandise ASAP and you can use the additional floor space to either sell older gen games or take in stock from stores closing nearby.