I feel like there's some exec at GS corporate that's a massive troll... it always feels like whenever they take some steps in the right direction, the take some steps- not backwards but, to the left/right?
Don’t mean to throw dirt or accuse at all, just an interesting “what if” thought experiment. With how many loopholes customers can seem to find, what do you think an employee could get away with if they were exploiting or creating loopholes for their own benefit? Someone, or a group in strategic positions, manipulating and taking advantage of trade loopholes somehow, or even company wide, shifting around inventory and skimming the extra trade credit that is generated? Shifting it for tax or shareholder reporting purposes. I don’t know, just thinking of how anything like that could work. Not accusing the company of anything at all, just pulled that all out of thin air.
As others have mentioned though, any normal sensible company would want to shut exploits down ASAP, unless they or someone in power somehow benefit as well? Either that or it’s just negligence and incompetence. It’s just ridiculous that they don’t have measures in place to stop trade values from exceeding purchase price with promos overall after all these years, it can’t be that difficult.
GameStop has demonstrated they are willing to bend the rules of common practice and standard definition if it saves them a buck, with their unique definition of “new”. This gives them advantages at the expense of the consumer. An example of how it could be further exploited: they get a nice looking trade in, what’s to stop them from just reselling it as new by their definition? We just have to take their word for it. Probably doesn’t happen company wide, we would hear about it, but on an individual basis, I’m sure it’s happened.
I saw rumors that they opened Xenoblade wii copies back in the day to sell used at a premium. Any actual proof of that? Placing desirable items for sale as part of bundles only, not a huge deal, but something they clearly do more than others. What about when switches were all out of stock in store when Covid started? Again, pretty baseless, but I noticed one of the top sellers on eBay at the time was a warehouse near their headquarters. Sold 500 plus at $600 each I think. They were just one of many mass sellers. The candidates that would just happen to have that much inventory available are few. It was probably some behind the scenes 3rd party distributor, but if I had to pick a retailer that I was aware of, most likely to pull something shady with their inventory for additional profit, it would be GameStop. Or a rogue employee able to get away with rerouting a bunch of inventory, also GameStop would be my bet. Not saying any of that actually happened, I have no place to other than what I’ve just stated, but i think it is a possibility. Any other examples or possibilities for internal exploit? An up and up company would do that type of investigation themselves and already have it locked down with lots of transparency and oversight, wonder if that is the case for GameStop.