Does anyone have thoughts on what the new Xbox's used game policy's impact on Hastings? GME lost 20% in a week. Many are predicting either the end of the used game business or it be controlled by the console makers
Yeah it is an issues with Gametop. The video game consols have not sold due to pent up demand or people simply waiting for the next Playstation and and microsoft box to come out. Some gamers prefer ps3 and xbox so your investment in a game is not married to the damn box like a PC. 40% of GME gross margins come from used trade ins. That is why you probably see some morphing into different categories in GME. I do not think it will have as much of an impact on HAST as GME with HAST game sales having such a lower % of gross rev as GME.