*Walmart price cuts spanked GameStop's stock?
[ x ] remove ads and scale site to 1080p+
[ x ] remove the ads & get mobile premium
pay whatever you want to upgrade
 
 

Walmart price cuts spanked GameStop's stock?

10:40 AM on 12.03.2009  ·  Dale North@DaleNorth
0

Maybe. As you might have heard, Walmart cut prices on many of the hottest games and systems for this holiday season, putting the heat on all of its competition and showing that they are serious about selling you games.

GameStop stock fell over 8 percent, and Bloomberg says that they might have to drop their prices to match Walmart's to stay competitive. An analyst from Janney Montgomery Scott LLC, Tony Scott, says that GameStop has always benefited from Walmart's foot traffic. But now that the prices are lower at Walmart, there's no need to go next door.

GameStop's response to all of this?

We believe consumers will always rely on GameStop for the best values, the broadest selection, unparalleled product availability and knowledgeable game advisors they can count on.

Oh. So you're not going to cut your prices? Good luck with that.

 
 

Enlighten an uninformed cougar: FacebookTwitterRedditEmail
 

#GameStop #retailers
 
 
 
[x] advertisement
 
 


Dale NorthFormer Dtoid EIC // Profile & Disclosures
Fronts8200Blogs 50Following30Followers366

I am Destructoid's former Editor-In-Chief. I love corgis. I make music. more
Trending on Destructoid:

 
 


Join the robot army! We're a family-owned site, updating multiple times a day (since 2006!) thanks to our Huge Members

kalidanthepalidan
kalidanthepalidan


Since 6:22 PM on 01.29.2008

BlackHazard
BlackHazard


Since 9:13 PM on 09.22.2011

User Avatar
typhon


Since 7:42 AM on 09.14.2013

destructoid2
destructoid2


Since 3:42 PM on 03.09.2016

 

Please login (or) make a quick account (free)
to view and post comments.





Three day old threads are only visible to verified humans - this helps our small community management team stay on top of spam

Sorry for the extra step!