GameStop CEO Dooms Amazon's Used Game Biz To Failure

In a shocking turn of events, GameStop CEO Don Matteo has weighed in on Amazon.com's new attempts to enter the used video games business, saying that the online retailer has no chance of succeeding.

"I give the probability of this working at zero," DeMatteo told Edge Online, noting that the immediacy of credit and cash trade-in value that only brick and mortar stores can offer is what makes the practice appealing to consumers. That and the thrill of peeling away dozens of yellow paper stickers.

DeMatteo says that attempts at GameStop and Electronics Boutique similar to Amazon's model were unsuccessful. He doesn't see Amazon faring much better. And they're also stupidheads.

Given Amazon's turnaround on crediting consumers for used games and the method in which they do it, he may be right. I'm very tempted to try out the Amazon service, but almost equally as lazy.

GameStop: "Zero Chance" for Amazon Trade-In Success [Edge Online]