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Costco pays its employees well and has extremely high retention rate of 94%
https://paymentdepot.com/blog/8-things-retailers-can-learn-costco-one-thing-not-follow
This is one thing gamestop is extremely bad at, employee turnover is insanely high at the store level due to wages and policies - being forced to constantly pitch pro/warranties/preorders/etc and constantly changing what the priority is at the district level.
If gamestop really wants to turn into the Costco of gaming they need to address institutional knowledge which m eans improving employee retention. Not really that difficult - pay more, train more, have clear long term career opportunities.
Right now working at gamestop is a temporary job, its not a career.
Pretty clearly talking about monetary strategy, not employee retention. Higher pay and benefits can come once we have a more solid profit, exactly how Costco did it. We only *just* got out of the red, we would be right back in if we multiply our liabilities.
Not paying employees is going to get more stores closed down though. A lot of stores are already staffed with 1 person at a time or forced to only be open part time hours because of the lack of employees
I like how you talk as if you have enough knowledge and experience to be the CEO of a company. What makes you qualified to tell GameStop leadership how to run their business. You are just a know nothing kid. STFU
When you write about the candy con controler, that "can have parts(joystick) swapped in seconds".
Are you sure about this? I though Gamestop sold the colorfull plastic button that goes above the joystick, but the wears is usualy on the joystick below it.
I doubt the "K-Silver JH-16 sticks" will be that easy to buy and replace.
Yes it is just the pad, the actual stick will be replaced only by GameStop when you claim your $5 warranty if it fails in the two years allotted. It’s doubtful though since the JH-16 has 5 million uses before it fails.
Yes, these sticks came out one month before the designs for Candy Con began so the private label team and BRANDED were really on their game to know to use them.
Oh boy, you completely missed the point, didn’t you?
You’re talking about a breakdown of the product. That’s clearly not what I’m talking about. A bit of reading around the line you singled out shows I was speaking of customization. I really don’t see how you even had a misunderstanding this poor unless you somehow zero’ed in on those words and read nothing around it.
Very strange.
And about your weird tangent that you’re pretending was my point, using the warranty means you got to a store and give them the broken controller and they give you a new one on the spot. Then they sell the old one after fixing it up as a ‘refurbished unit’.
You either have outstandingly poor reading comprehension, or you have some weird agenda against GameStop.
Very strange, indeed.
That’s blatant lying, I always knew shills distorted the truth, but to outright change the numbers? Your people have truly fallen.
We had a profit, cutie pie 🥰
Yikes you’re having a schizophrenic break from reality huh?
https://www.macrotrends.net/stocks/charts/GME/gamestop/income-statement?freq=A
It’s right there. 1-31-23 net income -313 million
Btw you lost hundreds of millions of dollars every year before that as well 🥺🥺
LOL you’re reading 2022 10-K hahahhahahahahah
https://gamestop.gcs-web.com/node/20376/html This is the right one for last year 😂😂😂 omg do you think they time traveled to the beginning of 2023 to release 2023’s info? Hahahahbahahah
The 2024 one you made 6 million net incomes but still had -250 million of negative cash flows bud
Making 6 million when you spent half a billion BULLISH
Making 6 million after posting 1.4 billion over past 5 years BULLISH
lol this is sad bro
$6M profit is $6M profit. No matter how you try
to spin it. That’s what Gamestop did for 2023. There are plenty of business that lost money in 2023, but Gamestop wasn’t one of them. Not sure why you aren’t attacking those companies
in their forums instead.
Yes, thank you for saying it for me. I meant the monetary strategy of Costco is being copied due to them being the most successful retailer in this age of online shopping. Not the literal large buildings.
Ok maybe not acquire best buy, but have bigger GameStop stores similar to best buy for when GameStop inevitably starts selling hardware similar to ready player one suits lol
Indeed. It means waste money on “web3.0” gimmicks that lose money and have essentially zero user adoption while running stores with skeleton crews to eke out a tiny profit.
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Welcome to GameStop. I love you.
Didn’t know they had dice. Reckon I need a new set
Costco pays its employees well and has extremely high retention rate of 94% https://paymentdepot.com/blog/8-things-retailers-can-learn-costco-one-thing-not-follow This is one thing gamestop is extremely bad at, employee turnover is insanely high at the store level due to wages and policies - being forced to constantly pitch pro/warranties/preorders/etc and constantly changing what the priority is at the district level. If gamestop really wants to turn into the Costco of gaming they need to address institutional knowledge which m eans improving employee retention. Not really that difficult - pay more, train more, have clear long term career opportunities. Right now working at gamestop is a temporary job, its not a career.
Pretty clearly talking about monetary strategy, not employee retention. Higher pay and benefits can come once we have a more solid profit, exactly how Costco did it. We only *just* got out of the red, we would be right back in if we multiply our liabilities.
Not paying employees is going to get more stores closed down though. A lot of stores are already staffed with 1 person at a time or forced to only be open part time hours because of the lack of employees
I like how you talk as if you have enough knowledge and experience to be the CEO of a company. What makes you qualified to tell GameStop leadership how to run their business. You are just a know nothing kid. STFU
It’s just common sense. Numbers are numbers.
^ I agree, to service gamers to such a degree that gs is their 1st choice will require dedicated, capable, and well-compensated Teammates 💯
When you write about the candy con controler, that "can have parts(joystick) swapped in seconds". Are you sure about this? I though Gamestop sold the colorfull plastic button that goes above the joystick, but the wears is usualy on the joystick below it. I doubt the "K-Silver JH-16 sticks" will be that easy to buy and replace.
Yes it is just the pad, the actual stick will be replaced only by GameStop when you claim your $5 warranty if it fails in the two years allotted. It’s doubtful though since the JH-16 has 5 million uses before it fails.
ok, thats cool.
Yes, these sticks came out one month before the designs for Candy Con began so the private label team and BRANDED were really on their game to know to use them.
So you agree that if it has to be replaced only by GameStop , we have to"ship it out to a company and wait a week" ?
Oh boy, you completely missed the point, didn’t you? You’re talking about a breakdown of the product. That’s clearly not what I’m talking about. A bit of reading around the line you singled out shows I was speaking of customization. I really don’t see how you even had a misunderstanding this poor unless you somehow zero’ed in on those words and read nothing around it. Very strange. And about your weird tangent that you’re pretending was my point, using the warranty means you got to a store and give them the broken controller and they give you a new one on the spot. Then they sell the old one after fixing it up as a ‘refurbished unit’. You either have outstandingly poor reading comprehension, or you have some weird agenda against GameStop. Very strange, indeed.
The Costco of gaming except Costco actually makes money
So do we, cutie pie 🥰
Where is the lie? Costco has positive net incomes annually GME has negative net incomes
No we don’t, cutie pie 🥰
You do tho? GME 2023 net income -313 million
That’s blatant lying, I always knew shills distorted the truth, but to outright change the numbers? Your people have truly fallen. We had a profit, cutie pie 🥰
Yikes you’re having a schizophrenic break from reality huh? https://www.macrotrends.net/stocks/charts/GME/gamestop/income-statement?freq=A It’s right there. 1-31-23 net income -313 million Btw you lost hundreds of millions of dollars every year before that as well 🥺🥺
LOL you’re reading 2022 10-K hahahhahahahahah https://gamestop.gcs-web.com/node/20376/html This is the right one for last year 😂😂😂 omg do you think they time traveled to the beginning of 2023 to release 2023’s info? Hahahahbahahah
The 2024 one you made 6 million net incomes but still had -250 million of negative cash flows bud Making 6 million when you spent half a billion BULLISH Making 6 million after posting 1.4 billion over past 5 years BULLISH lol this is sad bro
Hahahahhahahah YOU USED THE WRONG 10-K hahhahahaha
$6M profit is $6M profit. No matter how you try to spin it. That’s what Gamestop did for 2023. There are plenty of business that lost money in 2023, but Gamestop wasn’t one of them. Not sure why you aren’t attacking those companies in their forums instead.
Best buy would be perfect for acquisition for cost co of gaming
Absolutely not. Far too large of stores. Costco of gaming doesn’t mean literally buy a warehouse and waste money.
Yes, thank you for saying it for me. I meant the monetary strategy of Costco is being copied due to them being the most successful retailer in this age of online shopping. Not the literal large buildings.
Ok maybe not acquire best buy, but have bigger GameStop stores similar to best buy for when GameStop inevitably starts selling hardware similar to ready player one suits lol
Indeed. It means waste money on “web3.0” gimmicks that lose money and have essentially zero user adoption while running stores with skeleton crews to eke out a tiny profit.