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Walmart is planning to launch a large scale program across 3100 US stores in order to sink its teeth into the used games market. For the time being, GameStop is the unequivocal Supreme Leader of.
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In a potential threat to video game retailer GameStop(GME), Wal-Mart(WMT) is reportedly launching a test of kiosks that will rent video games - and accept used games for trade in.
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Wal-Mart will begin offering a trade-in program for used video games in all of its stores and online. Will this be a program to keep an eye on, or will it just blend in with the rest? Currently Best Buy, Amazon, and of course GameStop all offer a trade in program for games. Wal-Mart has a very limited trade-in program for certain electronics online, but will be expanding the game portion to.
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The best bang for my buck would be to go to GameStop and trade the game there, that way I get the full credit for the game, plus that extra value (through 1-31).Best Buy surprisingly comes in second, IF I had a Gamers Club Unlocked. Wal-Mart is worse. That's it! Now I could spend that on everything that is on their website, but besides the free shipping, there were absolutely no frills at all.
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Retailers from Amazon to Best Buy also offer used video game trade-in programs. But Walmart's new program is the biggest threat to GameStop, which for the past three years has drawn roughly half.
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GameStop shares fell as much as 6 percent in morning trading, making it one of the top percentage losers on the New York Stock Exchange. Wal-Mart said on Tuesday its trade-in service will accept games for popular consoles like the Sony Corp's PlayStation3 and Microsoft Corp's Xbox 360, and customers.
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The move would pit Walmart against retailers such as Best Buy Co (BBY.N) and Target Corp (TGT.N), besides GameStop, which also have trade-in programs for used videogames. Such games are refurbished and sold later. While GameStop would be unlikely to lose market share, the company would be forced to go into a price war to both buy used games and to sell the refurbished games, according to.
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Walmart hopes that shoppers will choose it over existing competitors because you can’t trade in a copy of Borderlands 2 for a head of lettuce or a pair of sweatpants at GameStop. Raines cautioned that big retailers might not understand the logistical nightmare they face when jumping into the used game business, saying, “there are lots and lots of risks when you’re buying a preowned.
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This spells trouble for traditional used video games retailer GameStop. It has being doing this for a long, long time, but customers can only trade-in games for other games. Walmart might not be doling out cash for each used game that it takes in, but its gift cards can be used to buy anything in the store. So if customers want to sell used games to shave dollars off their grocery bill, they.
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GameStop shares fell as much as 6 percent in morning trading, making it one of the top percentage losers on the New York Stock Exchange. Wal-Mart said on Tuesday its trade-in service will accept games for popular consoles like the Sony Corp's PlayStation3 and Microsoft Corp's (MSFT.O) Xbox 360.
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GameStop’s (NYSE:GME) stock dropped more than 4% Tuesday morning on reports that Wal-Mart (NYSE:WMT) would be announcing its foray into the used game trade business. The market is rife with.
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The GameStop Black Friday Early Deals 2019 catalog is here. Browse GameStop store hours and sales, from the best deals on tech to the hottest toys.
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