Disclaimer: own stonks, so not exactly unbiased opinion here
From what I know they’re overhauling customer service to A) prevent stuff like with OP and B) make sure the customer isn’t disgruntled even if it happens. Not sure how successful they’ve been in that regard but at least it’s what managament claims they’re focusing on with seemingly at least some improvement. Aside from that there’s a couple experimental stores in Italy aiming for a more netcafe style service than the current store model as well as inventory/logistics slimming. They also announced a web3 game marketplace but last I checked there were no games but only loads of NFT vomit on there so not sure if that’s panning out as they intended it. Company is managing to become profitable though, last two quarters they beat estimates by a landslide and this quarter was almost profitable (iirc q2 hasn’t been profitable for them in ages).
I think key will be regaining customer trust, I see a lot of bad blood around with GameStop and I think if the company wants any chance at survival they need to work on clearing their image. They could offer the best service in the world but if people don’t trust their Customer Service that won’t matter.
Thanks for your input. I posted elsewhere in a comment about treating customers well that this hasn’t been the case imo. Nor do they treat employees well. Most of their stores are filled with collectibles, poor quantities of titles anyone wants, and absolutely abysmal support of anything goes wrong. It took me 9 weeks to get a gift card refunded after they oversold a product and left it as “pending” for a month. Each time I had to phone in was 60 mins on hold with just hold music and no indication there was anyone there to help me. Everyone I spoke to was friendly, but they couldn’t do anything about it, and those that could were not customer raving, gave no communication what so ever, and wouldn’t communicate back to anyone that I could talk to. It taught me to never use a GameStop gift card, and never buy online.
I’m glad you said this. I was really confused by the meme stock phase.
As a consumer, they never felt like a great company to deal with. They were just convenient being located nearby. Trade-ins always felt like cons.
Tbf part of it was that a lot of senior management was let go and fresh blood was brought in to revitalize the company.
What are they doing to keep themselves relevant exactly?
Disclaimer: own stonks, so not exactly unbiased opinion here
From what I know they’re overhauling customer service to A) prevent stuff like with OP and B) make sure the customer isn’t disgruntled even if it happens. Not sure how successful they’ve been in that regard but at least it’s what managament claims they’re focusing on with seemingly at least some improvement. Aside from that there’s a couple experimental stores in Italy aiming for a more netcafe style service than the current store model as well as inventory/logistics slimming. They also announced a web3 game marketplace but last I checked there were no games but only loads of NFT vomit on there so not sure if that’s panning out as they intended it. Company is managing to become profitable though, last two quarters they beat estimates by a landslide and this quarter was almost profitable (iirc q2 hasn’t been profitable for them in ages).
I think key will be regaining customer trust, I see a lot of bad blood around with GameStop and I think if the company wants any chance at survival they need to work on clearing their image. They could offer the best service in the world but if people don’t trust their Customer Service that won’t matter.
Thanks for your input. I posted elsewhere in a comment about treating customers well that this hasn’t been the case imo. Nor do they treat employees well. Most of their stores are filled with collectibles, poor quantities of titles anyone wants, and absolutely abysmal support of anything goes wrong. It took me 9 weeks to get a gift card refunded after they oversold a product and left it as “pending” for a month. Each time I had to phone in was 60 mins on hold with just hold music and no indication there was anyone there to help me. Everyone I spoke to was friendly, but they couldn’t do anything about it, and those that could were not customer raving, gave no communication what so ever, and wouldn’t communicate back to anyone that I could talk to. It taught me to never use a GameStop gift card, and never buy online.