GameStop dismisses Amazons pre-owned move

With GameStop’s

share price slipping

following the announcement of

Amazon’s entry into the pre-owned games market

, CEO Dan DeMatteo has dismissed the online retailer’s second hand ambitions.

I give the probability of this working at zero,” DeMatteo told Edge. While customers wanted to buy a new, say, Killzone 2, they weren’t going to wait the week or two weeks it took to get the credit, then buy Killzone 2. They want Killzone 2 the day it comes out. They need the money and the credit right now.”

GameStop once trialled a similar scheme but abandoned it after a low level of consumer uptake.

Electronics Boutique also tried it and failed,” he added. There’s no consumer acceptance. With consumers, there is immediacy for currency when they want to buy a new game. It didn’t work for us, and I can’t see it working for them.”