My kids only buy New games there. If one company locks Used games, someone else will move into that vacuum and makke the money. There is an argument that the entire idea of prohibiting you from selling a game, that YOU OWN, is not legal. Otherwise call it a Rental and Lower the price. Not sure they want to bite the hand that sells for them either. Can you imagine if they did that to your car? Pretty sure they are getting into the online market also and I would think there are tie ins and assume there already are. Taking away my kids' Xbox is worse than any other punishment. Cramer clearly doesn't have kids in the correct age group. Stores are crowded, end of story in my book. Small footprint, high sales per square foot. But Cramer is often right 50% of the time, so who knows.
Where I live, the kids above 12 or so have moved onto Steam. My kids also say it is better to sell your used games directly given the low price offered @ G-STOP. On the plus side the staff seems motivated and helpful.
Short here. I think they will have a difficult transition as the world moves to downloadable content. Old enough to remember the rise and fall of blockbuster. This could be a repeat.
Blockbuster hasn't exactly disappeared either, certainly attracted a lot more competition in various forms and Dish is going to morph it further. Clearly, there will be Movies and Video Games forever, so it is simply an argument of who sells them. Not sure I see any major transition where retail totally disappears for pretty much any product that you can name, PCs nope, CDs nope, Software annoying to me when I only get a downloaded copy but tolerable, certainly a lot more will come in the mail and download only but who knows how much of that a 2.82B company needs to stay moving, not much I'd guess.
And comparing it to Best Buy is idiotic at best. What do those 2 businesses have in common? I guess these are both Retail so why not compare to Coach or Wal-Mart while you are at it. Just wish CNBC didn't have to show Cramer 50% of their on-air time, luckily I get Bloomberg on Sirius to help ease the pain during those times.
And how about this for genius, Am I Diversified with 5 stocks? he often makes Motley Fool look like Einsteins of investing. 5 stocks? 5 stocks? Maybe 5 mutual funds. International? Who needs it, not in my 5. 5 stocks? 5 STOCKS? And people take this guy's advice seriously.