GameStop's senior vice president of merchandising, Bob McKenzie, doesn't think the recession has had much impact on gamers. Speaking with Venture Beat during the Resident Evil 5 launch event in San Fransisco, McKenzie said people are staying in more often (presumably awaiting further financial ruin) and turn to video games and other entertainment to pass the time.
But has GameStop seen a spike in the lucrative -- yet controversial -- used game market since the recession? McKenzie wouldn't say "yes," but quickly pointed out that gamers today are even more aware about "tightening their wallets." Even though traffic at retail has slowed, McKenzie reiterrated that GameStop continues to post solid numbers -- recently reporting a 24 percent increase in year-over-year sales to $8.8 billion.
Unfortunately, the rest of the industry isn't fairing as well. Perhaps video game publishers should get into the used game market. As long as they vow to keep all of the profit for themselves they should be able to dig themselves out of this whole "economic apocalypse" thing.
Reader Comments (29)
Posted: Mar 21st 2009 1:33AM Roncore said
Jobless people need to Keep themselves entertained.
Movies, electronics, etc. don't get hit as hard. Anything that your mind off your life.
and used games are always welcome over a $60 new guy.
Signed,
Jobless in nyc
Movies, electronics, etc. don't get hit as hard. Anything that your mind off your life.
and used games are always welcome over a $60 new guy.
Signed,
Jobless in nyc
Posted: Mar 21st 2009 2:21AM (Unverified) said
Don't jobless people need jobs over entertainment? Maybe that's part of the problem.
Signed,
Gainfully Employed
Reply
Signed,
Gainfully Employed
Posted: Mar 21st 2009 5:26AM Roncore said
For those of us who make a full time job out of looking for a job, we need to be able to unwind and relax at the end of the day, and not become further stressed, despondent, and anxious.
maybe you're referring to the type of people who do nothing all day but play games, put off applying for work, collect unemployment and subsequently spend it on booze.
I am not one of those people.
I spend more time in a week looking for work, than most people actually work.
At the end of each day, I can play some Call of Duty confidently knowing that over thirty people will have my resumé and demo reel on their desk before I even level up.
Reply
maybe you're referring to the type of people who do nothing all day but play games, put off applying for work, collect unemployment and subsequently spend it on booze.
I am not one of those people.
I spend more time in a week looking for work, than most people actually work.
At the end of each day, I can play some Call of Duty confidently knowing that over thirty people will have my resumé and demo reel on their desk before I even level up.
Posted: Mar 21st 2009 10:05AM (Unverified) said
Okay, I can respect that. I see so many people come into my local Gamestop and drop $200 on games while confessing to the clerk that they just lost their job. That comment was for them.
Reply
Posted: Mar 21st 2009 10:39AM (Unverified) said
Well, Jobless, it seems that you're quite right. A good movie or video game is a great way to take your mind off the troubles of being completely flat broke. If it weren't for these types of entertainment, I imagine there would be thousands of suicides and emos all over the nation. It sure is a good thing that's not the case, because it would probably shatter my already tentative faith in humanity, and I might go emo too. Thanks for you letter.
Hoping you have a good game to play,
Ann Landers.
(Sorry, I had to.)
Reply
Hoping you have a good game to play,
Ann Landers.
(Sorry, I had to.)
Posted: Mar 21st 2009 1:35AM Mayne Event said
But they also don't see why kids love the cinnamony sweet taste of Cinnamon Toast Crunch...
Street Fighter IV was the first game I bought in a long time. 'Cause I'm broke. Honestly after the nostalgia wore off in a week or two, I started kinda wishing I'd spent my money on another, more lasting game that could be enjoyed just as much offline, seeing as how my Gold membership expired today and I don't have the funds to pick it up again.
Gamestop hasn't seen my money since, oh... hardly ever...? Come to think of it, I usually just buy my games at Wal-Mart... while I'm getting other stuff on the cheap.
Street Fighter IV was the first game I bought in a long time. 'Cause I'm broke. Honestly after the nostalgia wore off in a week or two, I started kinda wishing I'd spent my money on another, more lasting game that could be enjoyed just as much offline, seeing as how my Gold membership expired today and I don't have the funds to pick it up again.
Gamestop hasn't seen my money since, oh... hardly ever...? Come to think of it, I usually just buy my games at Wal-Mart... while I'm getting other stuff on the cheap.
Posted: Mar 21st 2009 1:39AM (Unverified) said
they should get ready to see people not buy that many games saving some if it get's worst
Posted: Mar 21st 2009 2:07AM HumanNature said
Game is like happy drugs.
Posted: Mar 21st 2009 5:24AM Roncore said
For those of us who make a full time job out of looking for a job, we need to be able to unwind and relax at the end of the day, and not become further stressed, despondent, and anxious.
maybe you're referring to the type of people who do nothing all day but play games, put off applying for work, collect unemployment and subsequently spend it on booze.
I am not one of those people.
I spend more time in a week looking for work, than most people actually work.
At the end of each day, I can play some Call of Duty confidently knowing that over thirty people will have my resumé and demo reel on their desk before I even level up.
Reply
maybe you're referring to the type of people who do nothing all day but play games, put off applying for work, collect unemployment and subsequently spend it on booze.
I am not one of those people.
I spend more time in a week looking for work, than most people actually work.
At the end of each day, I can play some Call of Duty confidently knowing that over thirty people will have my resumé and demo reel on their desk before I even level up.
Posted: Mar 21st 2009 2:40AM Anticrawl said
I for the first time in the history of Joystiq have nothing to say on the topic. Just passin' through, bored as hell. Anyone wanna play some RE5 co-op?
Posted: Mar 21st 2009 4:05AM darkinchworm said
You're being upvoted for that? Seriously? Further proof that 4Chan types and YTMNDers wreak their nonsense. Or at least, bastard children of them.
I'm going to post this in the hopes that it is downvoted into oblivion in record time.
Reply
I'm going to post this in the hopes that it is downvoted into oblivion in record time.
Posted: Mar 21st 2009 4:58AM (Unverified) said
The local GAME store sure is getting DSi preorders despite this.
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Posted: Mar 21st 2009 5:52PM Saria the Cat said
Whoa, how did one of THESE comments get posted on Joystiq? These are the types you get for blogs like my old one.
Reply
Posted: Mar 21st 2009 10:02AM Obienator said
Want cheap games? Ebay my friends. Just scored Prince of Persia, Far Cry 2 for $20 each with free shipping...screw you GameStop!
Posted: Mar 21st 2009 1:07PM MarkezJM said
Yeah, unless I want a brand new one hot off the stove I always go to eBay. I've bought Sonic (collection, has CD on it) for GC, both Scene-Its for 360, and NMH for WIi, within the last 5-6 months all at really schweet prices.
However I bought a handful of these awesome blue rubber wall-e watches off there as well, so now they send me emails all the time about other wall-e watches.
Reply
However I bought a handful of these awesome blue rubber wall-e watches off there as well, so now they send me emails all the time about other wall-e watches.
Posted: Mar 21st 2009 12:19PM Mr Khan said
But sales have nothing to do with the layoffs. Insane and unsustainable business models are what had to do with the layoffs. Everyone was trying to be the biggest and the best, and thus had to set impossible sales goals if they wanted to profit
The oversaturation of the "Gamers' games" market is probably great for a place like GameStop. Its just poison for publishers (even the biggest, like the losses EA posted), and moreso for independent developers.
The oversaturation of the "Gamers' games" market is probably great for a place like GameStop. Its just poison for publishers (even the biggest, like the losses EA posted), and moreso for independent developers.
Posted: Mar 23rd 2009 4:35PM (Unverified) said
I have been trying to be more concious about the games I buy.
For awhile there, I would buy any big name game or preorder to get a bonus with it at GameStop.
Now I am going to try to go back and get all the achievements on my other 60 games.
It is the stupid achievements that you need to boost or play for 1000s of hours that kind of got me burnt out on buying new games.
SF4, I could have done without. RE5--definately a great preorder.
For awhile there, I would buy any big name game or preorder to get a bonus with it at GameStop.
Now I am going to try to go back and get all the achievements on my other 60 games.
It is the stupid achievements that you need to boost or play for 1000s of hours that kind of got me burnt out on buying new games.
SF4, I could have done without. RE5--definately a great preorder.
Posted: Mar 21st 2009 5:54PM Saria the Cat said
Makes sense. You usually see this trend of an increase in spending for escapism during economic crises. The movie theaters were always packed during the Great Depression.
I for one tend to spend less money on luxury items (e.g. video games) if I find money is tight, but that's just me.
I for one tend to spend less money on luxury items (e.g. video games) if I find money is tight, but that's just me.
Posted: Mar 21st 2009 6:07PM jynxycat said
I love when people blame stuff on the current economy or try to draw links that sound amazing when you first read the headlines.
If your job is working in retail for ~$8/hr, chances are that you aren't going to see any effects of this economic meltdown, and you can continue to buy the things you want.
Hell, look at the joystick and joystick parts market right now for SF4 specifically. People are WANTING to spend $150+ on a simple joystick, or $50 on parts/customization. The sticks are sold out, and the parts are too.
If your job is working in retail for ~$8/hr, chances are that you aren't going to see any effects of this economic meltdown, and you can continue to buy the things you want.
Hell, look at the joystick and joystick parts market right now for SF4 specifically. People are WANTING to spend $150+ on a simple joystick, or $50 on parts/customization. The sticks are sold out, and the parts are too.
Posted: Mar 21st 2009 7:10PM TreyIM2 said
Yea, I'm jobless right now and have spent a bunch on new and used games since losing my job in late Oct. yet wasn't officially laid off until late Dec. so I still got paid my usual income for 2 months although I was not actually working. Yet, even still, I have purchased several games even since officially going on unemployment and yes, as many have already said, this is the time to bone up on ur gaming, if ur unemployed. Plus, the weather got colder so it's usually that time to stay indoors and gaming is a great way of beating the Winter, indoor blahs on the side of job hunting.
Posted: Mar 21st 2009 11:13PM (Unverified) said
Problem is that games we are playing today started production before the economic crises. What is it going to be like next year?






