video game console, nintendo ds lite<--Citing a Tough Quarter

Growing up, Gamestop was the place to go for video game console trades, new releases and strategy guides. Still profitable and ever expanding their franchise empire, Gamestop is predicting some not so bright news for the current quarter. They are citing increased competition and factors attributed to the economy. One of the biggest competitors, which may sharply decrease their sales numbers is the new program select Wal-Marts are rolling out. Wal-Mart has decided to get their hands dirty and begin buying back video games, much more efficiently then Gamestop.

Wal-Mart has already started installing standalone kiosks similar to those used to rent DVDs for cheap, outside of stores that will scan the UPC code off a video game box, scan the disc and electronically debit the users card for the shown buy back price. I’m assuming it will buy back everything from Nintendo DS Lite games to Sony’s video game console titles. Don’t expect Gamestop to close their doors anytime soon but the waters are getting stormy for them. I’m interested to see how competitive Wal-Mart’s buy back prices will be.