Circuit City testing sales of used games
Lazard Capital Markets, a New-York-based investment bank, sent out an investor note saying that Circuit City is holding a trial run to see how effectively they can sell used games at select stores and on circuitcity.com.
Circuit City isn’t offering that many used games (the so-called “pre-owned games”):
- 15 titles for the PS2 including the Guitar Hero II bundle (74.99 US dollars) and Lego Star Wars II (17.99 US dollars)
- 12 titles for Xbox 360
- 7 titles for PSP
- 6 titles for Xbox
A Lazard analyst said that this move by Circuit City should not be a threat to GameStop, the leader in selling pre-owned games. Best Buy has tried to sell used games, but it wasn’t as successful as GameStop (by the way, we earlier reported that GameStop has split its stocks in an effort to attract potential investors).
According to Lazard, used game products bring in about $1 billion in sales in North America each year. Getting in the used games business requires people who are good at evaluating used games and a dedicated inventory system.
In other news, Circuit City is offering a Halo faceplate deal.
Lazard Capital Markets, a New-York-based investment bank, sent out an investor note saying that Circuit City is holding a trial run to see how effectively they can sell used games at select stores and on circuitcity.com.
Circuit City isn’t offering that many used games (the so-called “pre-owned games”):
- 15 titles for the PS2 including the Guitar Hero II bundle (74.99 US dollars) and Lego Star Wars II (17.99 US dollars)
- 12 titles for Xbox 360
- 7 titles for PSP
- 6 titles for Xbox
A Lazard analyst said that this move by Circuit City should not be a threat to GameStop, the leader in selling pre-owned games. Best Buy has tried to sell used games, but it wasn’t as successful as GameStop (by the way, we earlier reported that GameStop has split its stocks in an effort to attract potential investors).
According to Lazard, used game products bring in about $1 billion in sales in North America each year. Getting in the used games business requires people who are good at evaluating used games and a dedicated inventory system.
In other news, Circuit City is offering a Halo faceplate deal.