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Don't forget the human element here. We can look at every Corp like a machine that just spits cash out at closing. But some families have people that just so not want to let it die and will basically ruin themselves or waste decades to fix a failure that is unfixable. Fry's would be better off turning their stores into warehousing locations and do same-day home delivery for electronics.
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Aug 26, 2020 21:38
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I'm not smart in business but I kinda think the pandemic had little to no effect on Fry's Electronics since they already shifted to that weird consignment model and gave up on having trivial things like computers, televisions, and up to date graphics cards.
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Aug 27, 2020 04:59
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There were lots of reasons, but the consignment model had a big part in HH Gregg’s demise. That, and completely loving up outsourcing their logistics. The software integrations between the ERP and the logistics vendor were completely broken on the vendor side, so after about two months they literally had no idea what inventory they had and where it was.
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Aug 27, 2020 12:13
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https://twitter.com/IGN/status/1304230948851142657 i guess they're desperately trying to hold on until the ps5 launches
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Sep 12, 2020 03:38
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Kmart only has thirty-six stores left but they might last through Christmas https://twitter.com/MichaelLisicky/status/1303182523321724929
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Sep 12, 2020 03:44
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overmind2000 posted:Kmart only has thirty-six stores left but they might last through Christmas Cool tweet. Lots of words and brands there.
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Sep 12, 2020 03:47
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overmind2000 posted:Kmart only has thirty-six stores left but they might last through Christmas Pretty certain those are all Seritage-owned stores so 'Fast' Eddie Lampert is trying to strip the copper wiring (last few dollars) before he's got to shutter them for good.
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Sep 12, 2020 04:14
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overmind2000 posted:Kmart only has thirty-six stores left but they might last through Christmas In Canada, A&P didn't die, they were acquired by Quebec supermarket chain Metro up here.
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Sep 12, 2020 06:46
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Here’s what happened with A&P they were bought by a German company Tengelmann Group. They hosed over the employees way back like the seventies and eighties. My dad was one of the non union employees that got hosed when they killed pensions.
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Sep 12, 2020 07:44
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I too like reminiscing about corporate brands cause I’m a capitalist shill. (USER WAS PUT ON PROBATION FOR THIS POST)
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Sep 12, 2020 12:54
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It's weird how one of the last remaining KMarts is in International Falls, MN of all places, but they were still open last I visited
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Sep 12, 2020 13:22
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Invalid Validation posted:I too like reminiscing about corporate brands cause I’m a capitalist shill. My dad worked for them at the time and was one of the employees hosed. They also fired him for meeting with union reps.
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Sep 12, 2020 14:53
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The union got him his job back, but he didn’t want to work at a location where the manners were willing to illegally fire him. So my parents picked up and moved to FL. He worked as a boat painter and they lived in a small trailer. My mom got pregnant and dad needed to get health insurance so back to retail grocery he went with Kash N Karry. Publix had a delay before benefits would start. Later after my mom had my sister health problems from a job she had as an early X-ray technician started. She’s actually part of the Mayo Clinic’s study of this. After that he could never change jobs to avoid pre existing conditions for health care, so he stayed with KnK as they got bought and turned into other chains. He retired when COVID started. At retirement he was making very close to the same hourly wage that he did way back at A&P. Is that reminiscing about brands enough for ya?
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Sep 12, 2020 17:36
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Invalid Validation posted:I too like reminiscing about corporate brands cause I’m a capitalist shill. Don't like thing I don't deem worthy of liking! That's also not what a shill is. biznatchio fucked around with this message at 19:28 on Sep 12, 2020 |
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Sep 12, 2020 17:43
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Doctor Teeth posted:https://twitter.com/IGN/status/1304230948851142657 I'm amazed they've hung on this long between Amazon and my ability to impulse buy and download any game for a modern console or PC that catches my eye instantly while sitting on my couch in my ginch. What purpose do they serve?
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Sep 13, 2020 06:33
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PT6A posted:I'm amazed they've hung on this long between Amazon and my ability to impulse buy and download any game for a modern console or PC that catches my eye instantly while sitting on my couch in my ginch. What purpose do they serve? Low income people without broadband internet
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Sep 13, 2020 06:54
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PT6A posted:I'm amazed they've hung on this long between Amazon and my ability to impulse buy and download any game for a modern console or PC that catches my eye instantly while sitting on my couch in my ginch. What purpose do they serve? They arbitrage people's second-hand game sales. They are a pawn shop.
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Sep 13, 2020 08:50
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I went into a gamestop for the first time in years and was shocked at how bad the prices were. Even accounting for shipping, used copies of games on eBay and Amazon were much cheaper.
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Sep 13, 2020 15:06
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I wonder if one of the 300 stores will be one of the two Gamestops in my local shopping center. One used to be a different store a long time ago, Electronics Boutique maybe, the other was originally a Gamestop. Now the EB store is a Gamestop and the Gamestop store is a Gamestop, so there are two Gamestops on the same strip not more than fifty yards from one another. With luck they'll both close.
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Sep 13, 2020 15:16
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PT6A posted:I'm amazed they've hung on this long between Amazon and my ability to impulse buy and download any game for a modern console or PC that catches my eye instantly while sitting on my couch in my ginch. What purpose do they serve? You can't download a Funko Pop
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Sep 13, 2020 15:22
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Games? The money these days is on all those limited plushies!
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Sep 13, 2020 15:22
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Silly Burrito posted:You can't download a Funko Pop Well, actually... https://play.google.com/store/apps/details?id=com.n3twork.funkopopblitz&hl=en_CA https://apps.apple.com/ph/app/funko-pop-blitz/id1491812087
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Sep 13, 2020 15:53
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TheScott2K posted:I went into a gamestop for the first time in years and was shocked at how bad the prices were. Even accounting for shipping, used copies of games on eBay and Amazon were much cheaper. You are absolutely correct. I have two Friendly Local Game Stores near where I live, and both are quite a bit more than ebay/Amazon. I understand why, but given that these days nobody has any money except the ultra-rich and everyone is drowning in medical and educational debt, saving  or  is a big deal. Occasionally one finds a good deal, however. I picked up a copy of Condemned 2 for PS3 at my FLGS a few months ago for $5, and I was able to get physical copies of the Infinity Engine games for Switch much cheaper at Gamestop than digitally online, believe it or not. Apparently BGI/BG2 and IWD/PS:T were only released physically in NA at Gamestop.
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Sep 13, 2020 16:46
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FCKGW posted:I've talked about it before but my local regional mall is loving packed at all times and always busy (it even has two movie theaters and the only Rainforest Cafe left on the west coast!) but I think it's more a case of it being built at the right place at the right time and catering more to middle/lower class shopping habits with outlet stores and discount retailers. As someone who grew up in that area and has many fond memories of that mall and those theaters, this makes me happy. A small group of us from my junior high even had a year-end celebration at that very Rainforest Cafe. Now that it's been almost 7 months: Mall still busy? Anything changed? Also, out of curiosity, which one of those anchor stores took over the spaces that used to be the Virgin Megastore and Sam Ash Music?
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Sep 13, 2020 21:34
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Beefeater1980 posted:PE works like this (source: spent 10 years doing PE deals as an M&A lawyer) The bolded part is essentially what happened with Fairway (a local supermarket here in the NYC area) after they got acquired. They went from a handful of operations that seemed to be self supporting to "LETS OPEN 250000 locations because this is of course Neo Whole Foods and we can't lose!" I always figured it was more insidious than just them having eyes bigger than their stomach.
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Oct 19, 2020 16:18
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PT6A posted:I'm amazed they've hung on this long between Amazon and my ability to impulse buy and download any game for a modern console or PC that catches my eye instantly while sitting on my couch in my ginch. What purpose do they serve? I unironically like going in for the apparel and posters and poo poo, which they picked up from ThinkGeek. However, rather than leaning into the successful thinkgeek part of the business, they decided to rebrand ThinkGeek to gamestop and take it to retail oblivion with the rest of the business.
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Oct 19, 2020 18:23
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OctaMurk posted:I unironically like going in for the apparel and posters and poo poo, which they picked up from ThinkGeek. However, rather than leaning into the successful thinkgeek part of the business, they decided to rebrand ThinkGeek to gamestop and take it to retail oblivion with the rest of the business. OMG I worked at GameStop for ~10 years from 2004 to 2014 and have so many thoughts about this. There was a level of flailing for anything and everything in the early 10s and they dropped an insane amount of money acquiring stuff and just throwing poo poo at the wall assuming one of them would stick and become the future of the company. The ThinkGeek apparel, going hard into toys/$300 pre-order only Harley Quinn statues, cloud gaming, cell phone plans, it was crazy, getting fired from there was the best thing that ever happened to me. It was just amazing how insanely loving stupid so many people actually running things at that company were, and from I'm gonna say like 2010 or so on the left hand had no idea what the right hand was doing.
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Oct 19, 2020 18:35
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Sup, getting fired from GameStop buddy. I was there from 05 to 10, and we joked back then that it would eventually turn into PointsStop, and all they’d sell were points cards. Then they bought Kongregate, and had that stupid Zork game... the writing was on the wall then that nobody in the executive levels had any clue what to do.
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Oct 19, 2020 19:03
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Retrowave Joe posted:Sup, getting fired from GameStop buddy. I was there from 05 to 10, and we joked back then that it would eventually turn into PointsStop, and all they’d sell were points cards. Then they bought Kongregate, and had that stupid Zork game... the writing was on the wall then that nobody in the executive levels had any clue what to do. I won a trophy for giving away so many of the sign up cards for that Zork game. I loving loved that, what was the deal there? "We bought Kogregate and are all into this free to play Zork game, people will play flash games on Kongregate and uh, that will uh somehow uh make us profit." lmao If you go to the official Legends of Zork URL today, Google still has it come up as Legends of Zork | RPG whatever but it's a completely unrelated gaming listicle site now. I remember they did another game called GANGSTA ZOMBIES. Net10 was the best though, started working with this company called Net10 so that we could set up tables at the entrances of stores where Net10 phone cards would be sold. I had moved back to Brooklyn at the time so like of course any GameStop had like a zillion cell phone shops where you could get a way better deal on a phone plan. We always referred to it as Net0. 
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Oct 19, 2020 19:14
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What was Gamestop reasonings for gutting Thinkgeek? The original website/store had some cool unique items, and it was easy to browse, and often had some nice deals. I remember buying some stuff there for my nephews or friends especially around the holidays. But once Gamestop bought it, they completely gutted the site, added it to Gamestop.com and now it's impossible to browse it. The selection of items available is minuscule, and none of it appears to be available for shipping (in store pickup only what the gently caress?? its 2020 how do you not offer shipping  ) I mean look at this garbage. https://www.gamestop.com/toys-collectibles/thinkgeekThinkGeek seems like something that could have been brought up to be a really valuable brand for Gamestop. Enabling them to move from just selling video games and into becoming a Geek/nerdy popculture center. And instead they killed it.
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Oct 19, 2020 19:20
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Solaris 2.0 posted:What was Gamestop reasonings for gutting Thinkgeek? Managers have no real idea how to manage after decades of internalizing that cost cutting is as valuable as r and d
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Oct 19, 2020 19:33
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PurpleButterfly posted:As someone who grew up in that area and has many fond memories of that mall and those theaters, this makes me happy. A small group of us from my junior high even had a year-end celebration at that very Rainforest Cafe. Now that it's been almost 7 months: Mall still busy? Anything changed? Also, out of curiosity, which one of those anchor stores took over the spaces that used to be the Virgin Megastore and Sam Ash Music? Sam Ash is surprisingly still there. H&M took over Virgin and expanded to include both sides of the racetrack. I haven't been there since corona hit but I don't see it slowing down anytime soon.
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Oct 19, 2020 21:11
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FCKGW posted:Sam Ash is surprisingly still there. H&M took over Virgin and expanded to include both sides of the racetrack. Great! Thank you!
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Oct 20, 2020 02:58
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Malcolm XML posted:Managers have no real idea how to manage after decades of internalizing that cost cutting is as valuable as r and d This was very much the case with GameStop, they dropped a ton of $$$ acquiring or making deals with various things like I had posted earlier, then like immediately after implemented each of those things (or not at all) in the cheapest+shittiest way possible.
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Oct 21, 2020 16:27
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Neo Rasa posted:This was very much the case with GameStop, they dropped a ton of $$$ acquiring or making deals with various things like I had posted earlier, then like immediately after implemented each of those things (or not at all) in the cheapest+shittiest way possible. I hope someone eventually writes a book or long form investigative piece on the fall of GameStop. They have been flailing for so long that I think it would be a really interesting read
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Oct 21, 2020 17:49
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OctaMurk posted:I hope someone eventually writes a book or long form investigative piece on the fall of GameStop. They have been flailing for so long that I think it would be a really interesting read Do you think Reggie will have any effect on their decision making? I feel like either that was Reggie taking advantage of easy money on a sinking ship or he honestly thinks he can turn the whole thing around.
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Oct 21, 2020 18:02
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As someone who doesn't game and has only been in a Gamestop once or twice in my life, isn't the slow death of Gamestop just related to the fall of physical media in general? PC games were first and console is quickly completing that transition. If you main bread and butter is reselling used media and then people are buying less media in the first place, doesn't that just spell the death of your business no matter what you do?
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Oct 21, 2020 19:04
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Yeah they were always doomed in the long run for that reason but they also made a whole host of incredibly stupid decisions along the way. Also Reggie is no dummy, he's definitely there to cash fat checks while the company winds down.
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Oct 21, 2020 19:08
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Just need to pivot harder into the vinyl figurine marketsphere.
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Oct 21, 2020 19:17
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Shocked that a used games store whose used game prices are somehow worse than locally-owned stores isn't selling enough games to pay the bills
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Oct 21, 2020 19:27
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