Press release from Business Wire
GameStop Announces New Simplified Trade-In Pricing
<p class='bwalignc'> <i>World's largest gaming retailer to offer more for your old video games</i> </p>
Monday, August 11, 2014
GameStop Announces New Simplified Trade-In Pricing14:11 EDT Monday, August 11, 2014
GRAPEVINE, Texas (Business Wire) -- GameStop, a family of specialty retail brands that makes the most popular technologies affordable and simple, will soon offer customers more for their pre-owned video games.
A new, streamlined trade-in program will launch nationwide on August 18 that simplifies all the variables that affect the amount customers are eligible to receive when selling a game in a store. As a result, GameStop now has more than 100 games worth $20 or more. The program will feature four price-points depending on whether a customer chooses cash or in-store credit for their items and whether they are a PowerUp Rewards Pro member.
For example, a customer who is a PowerUp Rewards Pro member who sells a game valued at $20 for credit could get $22, whereas a customer who sells that game for cash and who is not a PowerUp Rewards Pro member would get $16.
“We heard from customers that they want a better way to understand the value of what they sell to GameStop and this new initiative is a way to deliver on that feedback,” said Jason Cochran, senior vice president for pre-owned business. “What we're doing in moving from 10 possible price points to four is removing complexity, making it easy for our associates to convey the value of games we buy back and that in selling us their items they are gaining a unique form of currency to buy new products.”
In 2013, GameStop issued $1.2 billion of trade-in credits, of which 70 percent customers applied to the purchase of new games, consoles, and mobile electronics.
Trades are accepted at all GameStop locations. Customers can sell games, consoles, tablets and smartphones. All items are then sent to be fully refurbished and made available for purchase in like-new condition at an affordable price.
About GameStop Corp.
GameStop Corp. (NYSE: GME), a Fortune 500 and S&P 500 company headquartered in Grapevine, Texas, is a global, multichannel video game, consumer electronics and wireless services retailer. GameStop operates more than 6,600 stores across 15 countries. The company's consumer product network also includes www.gamestop.com; www.Kongregate.com, a leading browser-based game site; Game Informer® magazine, the world's leading print and digital video game publication; and www.buymytronics.com, an online consumer electronics trade-in platform. In addition, our Technology Brands segment includes our Simply Mac, Spring Mobile and Cricket stores. Simply Mac, www.simplymac.com, operates 23 stores, selling the full line of Apple products, including laptops, tablets, smartphones and offering Apple certified warranty and repair services. Spring Mobile, http://springmobile.com, sells post-paid AT&T services and wireless products through its 210 AT&T branded stores. Cricket Wireless, www.cricketwireless.com, is a new AT&T brand offering pre-paid wireless services, devices and related accessories. We operate 37 Cricket stores in select markets throughout the United States.
General information on GameStop Corp. can be obtained at the company's corporate website. Follow GameStop on Twitter @ www.twitter.com/GameStop and find us on Facebook @ www.facebook.com/GameStop.