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0 pointsknowaveragejoe1mo ago0 comments

This is called consignment and is an industry unto itself, usually for antiques since you need a lot of space. You give them your goods and they sell them. You get a cut if they actually sell.

I'm surprised nobody has really mentioned this in the thread. Does anybody remember the "trade in anything" day GameStop just had? https://www.usatoday.com/story/money/2025/12/08/gamestop-tra...

Obviously they're going to need to liquidate a lot of this stuff. It can be quite lucrative if done right. You're basically getting inventory for free.

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7 comments · 2 top-level

ryandrake1mo ago· 4 in thread

Consignment doesn't offer the seller a very good monetary deal, though. They're essentially a junk hauler that might pay you a few bucks. We all have that pile of old computer components that we could probably sell piece by piece for $400 on eBay, $200 on Craigslist/FB Marketplace, $100 at a yard sale, and maybe if you're lucky a consignment place will give you a $40 for it all.

kibwen1mo ago

> Consignment doesn't offer the seller a very good monetary deal, though. They're essentially a junk hauler that might pay you a few bucks.

You've just unflatteringly, yet accurately, described GameStop's business model for the past decade.

overfeed1mo ago

The only missing bit is the meme-stock side of business where emoji-slinging, HODL'ng bag-holder, retail investors with no actual investment strategy fund the whole operation. The amount of misinformation pumping $GME on social media is staggering.

NetMageSCW1mo ago

That isn’t consignment. Consignment means you own the item but they put it up for sale in their space. You split the income if it sells.

cruffle_duffle1mo ago

I mean $40 if you are lucky or goodwill. You could get more selling it “proper” but the transaction cost of it is super not worth it (for me). When I want something out of my house, I want it out of my fucking house. Listing it on Craigslist means I have to babysit it, handle questions, but worse… the fucking thing is still in my house!. And I was over that, whatever the fuck it was, like… a week ago. Now it’s just sitting there in my life cluttering it up. Better take to the garbage or goodwill. Then it’s gone!

At least with a consignment shop I will hopefully get something out of the deal.

DSMan1952761mo ago· 1 in thread

> Obviously they're going to need to liquidate a lot of this stuff.

If you read online employees have talked about how they donated it or threw it all out, presumably there is very little of that stuff left at this point (and probably nothing left of any real value).

Ex: https://www.reddit.com/r/GameStop/comments/1qceolz/what_did_...

Barbing1mo ago

Mirror: https://redlib.catsarch.com/r/GameStop/comments/1qceolz/what...

“Donated some of it. Took some home. Gave some to regulars. Did other things that might be frowned upon.”

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