History Of Gamestop
It was started in 1994, but has its roots from 1984 in the form of Babbage's, a software retailer from Dallas. Babbage's transformation into Gamestop is to do with the merger of many software retailers under one brand name. A lot of companies and retailers have merged with the company over the years and there have also been cases where there have been demergers. But whatever be said, the fact remains that in America, people will only think of this store when it comes to buying anything that is related to video games or computer games. As there is a lot of history involved in the store's brand name, there are always promotional events that take place along with the game developers. Gamestop Competitors
When we talk about competitors of Gamestop, there is very little to talk about retail stores that sell video games or computer games. The major competition for the store is from online websites that sell video games and computer games. There is no doubt that online shopping is becoming popular as every day passes by and sites like EBay offer great discounts on their site which has forced other stores to also follow suit. Many game developers also offer online shopping options and that is another worry for game stores across the world. Why Gamestop Stores Are Slowing Down In Business
For an online shopping website, the overheads are minimal whereas for a store like Gamestop there is a lot of money that is spent on overheads. Maintaining the store, employees and having to pay rent for the store are costs that keep increasing year on year and with high overheads, stores cannot afford to give discounts like online shopping websites as they have very little overheads to worry about. People therefore are turning towards online stores where they are able to get better discounts and this is slowing down the business of the store. Gamestop Online Store
To counter the competition that it faces from online shopping sites, Gamespot started an online store wherein they were able to provide discounts similar to the other online shopping websites. This has increased the sales of the company, but has cut into their profits. The online store has a lot to offer its customers including pre used video and computer games and also have a drop in option where people can put up their used games for sale. In spite of all efforts, there is a major slowdown in the business of the company and there are doubts on the continued existence of the company in the coming years.